Countermeasures to this stereotype can be equally damaging. It may have played into Foxconn’s advantage here.
“We don’t need an expensive coastal banker telling us what to do” is reasonable if everyone is out to screw small timers.
> a region with a dying economy might actually be rational to throw away an enormous amount of money
This wasn’t money they had. It was taxpayers’ future money. Money that could have financed education or infrastructure or a move to another city. This mindset is only rational if staying in place has infinite utility, not only for the region’s present residents, but its future ones too.
* Mount Pleasant WI is not rural (city-data.com says 95% urban). It lies on I94 just 1hr 15min from Chicago and 30min from Milwaukee. * I doubt Mount Pleasant WI is dying.
If I remember, the deal was pretty opaque and many details were murky. I find it more likely the local officials were incentivized somehow as opposed to sheer incompetence.
Additionally, it should be noted that the WI governor (Scott Walker) who orchestrated this deal lost his re-election bid shortly after this. While there was always uncertainty about Foxconn actually following through, the lack of Walker (and thus probably Trump) basically sealed the deal.
I think you're right. I was responding to someone saying they are "country" people.
> I doubt Mount Pleasant WI is dying.
Milwaukee's metro area (which includes Mount Pleasant and Racine, the places most closely tied to Foxconn's scam) has seen a massive decline in manufacturing:
> "The Great Recession hit Milwaukee’s manufacturing industry especially hard, and the city continues to have discomfiting employment statistics..."[1].
Broad economic numbers aren't great for Racine County as far as I can tell. They're worse than the US overall. Even if they were great, we know from examples across the US that declining blue-collar jobs may be especially painful for the non-urban electorate -- people who influence the local officials who believe the wishful nonsense Foxconn peddles.
> "'This area desperately needs the investment. There's nothing here anymore,' said Tom Johnston, a 54-year-old veteran of [Racine's] once-vaunted manufacturing sector."[2]
1. https://www.badgerinstitute.org/Reports/2013/A-Fresh-Take-on...
2. https://www.washingtonpost.com/national/as-the-economy-teete...
It's basically in the same metro area as Chicago. Would you say Chicago's dying? It may have declined (or not grown as fast as other US cities) lately but "dying" seems like hyperbole, no?
I think you misunderstood my post.
I wasn't saying that what they did wasn't stupid. It was. The post I was replying to implied the following in a condescending way:
1) the poster is not "simple" enough to be conned by a massive corporation
2) all people living in rural areas are "simple"
3) all people living in rural areas should know that they are simple and never aspire to anything that we big-city people do because it is beyond their cognitive abilities
4) doing something that will probably fail (trusting Foxconn, in this case) is never a rational decision
Regarding #4, it's easy to say that Foxconn is 100% untrustworthy, but we all know that mostly in hindsight. Even if they had a 1% chance of coming through, a region with a dying economy might actually be rational to throw away an enormous amount of money. If it's their only hope, it would be rational to throw away all of their money.