New York Shows Off Its Expertise In Central Planning: The Buffalo Billion
/Let’s face it: Central planning of the economy hasn’t worked out so well in many places where it has been tried (e.g., Soviet Union, Cuba, North Korea, etc.).
But then, here in New York, we are so much smarter than the dolts who fell on their faces in those backwaters. With utter confidence in our genius, we have embarked upon the total centrally-directed transformation of the economy into “net zero” utopia, via the Climate Leadership and Community Protection Act of 2019.
But that project is barely getting under way. It will be a few years before we have enough feedback to judge it a success or failure.
Meanwhile, is there any other significant central planning initiative here in New York that has gotten far enough so that we can judge whether it is succeeding? Yes! — It’s the “Buffalo Billion,” a massive state-subsidized industrial development project in the long-declining Great Lakes port in far Western New York. Let’s get an update.
The summary is, it’s hard to believe how badly wrong this has gone.