US South Wages a Long War of Incentives, and Citizens Bear the Brunt

US South Wages a Long War of Incentives, and Citizens Bear the Brunt

In the 1930s, Mississippi was struggling with widespread illiteracy and disease and an under-developed economy heavy on subsistence-level agricultural jobs. The state decided to implement a set of incentives to lure Northern manufacturers south. The incentives worked, although at the expense of unionized northern jobs. Soon other southern states followed Mississippi’s “Balance Agriculture with Industry” example. As Joe Atkins explains in his fine book, Covering for the Bosses, this touched off what has become an ever-escalating race to the bottom on corporate taxes, with industry and corporations benefitting from an ever-more hospitable “business climate,” while undermining conditions faced by the Read More

Read more here:: http://www.truth-out.org/news/item/33429-us-south-wages-a-long-war-of-incentives-and-citizens-bear-the-brunt

      

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