Work for your reading!
Professor Rob Washburn has posted an opinion about that Economic Development and the recent election splash of Fiberal money by Loo. Read it here
This is my answer to him
"You are so right Economic development is a mantra repeated by the ignorant of ignorant politicians trying to impress the unwashed. The lack of accounting of the millions (at least 50) doled out in the last few years to Eastern Ontario, in the name of Economic Development, is a bloody scandal. How many projects never see the light of day after the first grant? How many projects are pet projects of favoured agencies and how many projects are local government projects that should have been funded by another level of government?
And more importantly how many times do we have to fund the investigation of valuable issues that never get funding after the initial grant. Transportation and High Speed Internet Access come to mind immediately. We fund the favoured agency to do a study and then fail to fund the operation of the study. Why because they study unsustainable projects and then refuse to fund them because they fail to find partners to sustain them. Kafka would have loved it. Meanwhile because it is done in the name of Economic Development money can be pissed away!!"
BTW this post is an effort to create linkages between online posts tell me if you like it and maybe we can explore the world of online posts together. ben
This is my answer to him
"You are so right Economic development is a mantra repeated by the ignorant of ignorant politicians trying to impress the unwashed. The lack of accounting of the millions (at least 50) doled out in the last few years to Eastern Ontario, in the name of Economic Development, is a bloody scandal. How many projects never see the light of day after the first grant? How many projects are pet projects of favoured agencies and how many projects are local government projects that should have been funded by another level of government?
And more importantly how many times do we have to fund the investigation of valuable issues that never get funding after the initial grant. Transportation and High Speed Internet Access come to mind immediately. We fund the favoured agency to do a study and then fail to fund the operation of the study. Why because they study unsustainable projects and then refuse to fund them because they fail to find partners to sustain them. Kafka would have loved it. Meanwhile because it is done in the name of Economic Development money can be pissed away!!"
BTW this post is an effort to create linkages between online posts tell me if you like it and maybe we can explore the world of online posts together. ben
2 comments:
I think the last chapter of this story, not stated by either writer, is what happens after the money is pissed away with no discernible results.
The lack of results provides the powers-that-be with new ammunition to "prove" that leftie economic development projects are a waste of both time and money.
Another excuse to kill the concept off and go back to the old white guy approach to development: more capitalism.
DJO
What happens to the money is the question in this debate. If you know the system you will understand that statistics gush from these offices. I wonder if they can tell us just how much each job created has cost (divide the money doled out by the number of sustainable jobs).
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