Recent Blog Posts
  • Stop Cluster-f**king Communities

    Please, no! Not another economic development study on how to expand the local clusters!  Haven’t we learned anything about the fragility of global dependencies from this pandemic? Last week, I spent several hours reading two recent economic-development studies done for Ulster County, New York. One was entitled “Food and Agriculture Cluster Development.”  It was a serious piece of work by ACDS LLC and Fairweather Consulting in early 2017.  Because Ulster Read more

  • The Case Against Dumb Localization

    Congratulations, fellow localizers!  Our arguments are winning!  Why else would the globalization elite be going out of their way to attack us? The lead editorial of the November 7th issue of the Economist skeptically asks, “Why Is the Idea of Import Substitution Being Revived?”  Import substitution, of course, is a technical term for localization, where local goods and services replace nonlocal ones. Many economists and developing countries embraced import substitution Read more

  • Last Week’s Big News

    No, not the election.  But a revolutionary change in securities law. Last week, in a 3-2 decision, the Securities and Exchanges Commission (SEC) tweaked a bunch of regulations concerning investment crowdfunding.  The headliner change increased the maximum amount a company can raise in a year from $1 million to $5 million, which means that many more mature small and medium scale businesses can now seek funding from grassroots investors.  It Read more

  • Gimme Shelter (With Local Investment)

    “Ooh, a storm is threatening My very life today If I don’t get some shelter Ooh yea, I’m gonna fade away.” – Rolling Stones We interrupt this election nail-biter for a special news flash:  No matter who wins the presidency, the country is facing a staggering housing crisis. Even before the COVID-19 pandemic, communities across the country were seeing expanding numbers of homeless, car dwellers, and couch surfers.  Millions more, Read more

  • Vote Against Fake Economic Development

    As you deliberate over your ballot decisions in the next few days, one choice should be easy: Ask whether any candidate favors giving away taxpayer money to attract global companies.  If the answer is “yes” – even a squishy conditional “yes” – throw the bum out. I have no clue where Vice President Joe Biden stands on this question, but there’s no question about President Donald Trump’s commitment to the Read more