Quote:
Originally Posted by animatedmartian
You mean to tell me government leaders across the country actually had to deal with the task of balancing budgets, improving infrastructure, and funding schools in order to get their citizens to keep them in office? What a struggle.
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You missed the point.
The chart below (linked in the article I posted) does a better job of showing my point:
(BTW, Conway Data really loosened their definition for US facilities and expansions after 2008, so the numbers post-2008 seem much better than they actually are).
Companies are engaging in very little capital investment these days. Capital investment translates into increased tax revenue and jobs. If government officials can't generate sufficient tax revenue to provide servies and attract a sufficient number of jobs for the citizens in their jurisdiction to support themselves, then the citizens they represent will vote them out.
Thus when these increasingly few and far between spurts of capital investment occur, you're seeing governments trip all over themselves to ensure it happens in their backyard.