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The recent local headline shocked me today. A city is complaining that another bigger city had stolen jobs from them by giving millions of money to a Corporation so that the Corporation can create more jobs in their city.
Well, this is the case of dumb management. I thought the municipality is responsible for job creation through enabling the economic environment to actually become the best environment to get, hold, and maintain jobs and employment for all citizens.
Now what is happening is the worst case of identity crisis and totally misunderstood mandate. Governments should not manipulate the market to create jobs for people. The bureaucracy is already a big employer in itself. Cities, town, and municipalities should get their hands off the companies and corporations who are more than willing to receive the taxpayer's monies for any reason.
So this "you want to buy me a job so that I can get a job" is distorting the market, colluding with corporate entities, and imposing enormous risks for citizens. There is no limit to stupid ideas being peddled as innovations or new ideas. What is obvious is the lack of creativity, innovation, and ingenuity of our current municipal leaders to think that by 'throwing more monies, you can let things appear just like that.'
No way Jose! Job creation is a complex results of systems integration of market forces that encourage entrepreneurialism and risk-taking in the atmosphere of favorable business environment. Sans that, small businesses who are the top job creators end up being squeezed to death even before they can launch successfully.
Who is the one laughing its way to the bank now?
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