Deals like the one between New York and Amazon seem to combine the worst elements of capitalism and socialism

Amazon Is Getting at Least $1.7 Billion to Come to Queens. Now Comes the Fight Over Whether It’s Worth It” [The New York Times]

Taxpayers pay the bill, investors get the rewards. I’m reminded of the 2008 Wall Street bailout, where the slogan for opponents was “socialized risk, privatized profit.”

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