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Foxconned

Imaginary Jobs, Bulldozed Homes, and the Sacking of Local Government
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( 88 ratings, 17 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Foxconned by Lawrence Tabak offers a compelling and thorough examination of the failed Foxconn project in Wisconsin. Initially hailed as a major boost for American manufacturing with a $10 billion investment promising thousands of jobs, the venture quickly deteriorated into a costly debacle. Tabak unpacks the broken economic incentive infrastructure that allowed this failure, highlighting issues such as eminent domain abuse, wasted public funds, and cronyism benefiting politicians and contractors. The book also compassionately tells the stories of individuals whose lives were negatively impacted by the project's collapse.
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Format: Paperback / softback
$3199
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book is ideal for readers interested in economic policy, political science, and investigative journalism. It will appeal to those concerned with corporate accountability, public finance, and the impact of government decisions on local communities.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Powerful and resonant, Foxconned is both the definitive autopsy of the Foxconn fiasco and a dire warning to communities and states nationwide.

When Wisconsin governor Scott Walker stood shoulder to shoulder with President Trump and Speaker of the House Paul Ryan at the White House in July 2017, they painted a glorious picture of his state’s future. Foxconn, the enormous China-based electronics firm, was promising to bring TV manufacturing back to the United States with a $10 billion investment and 13,000 well-paying jobs. They actually were making America great again, they crowed.

Two years later, the project was in shambles. Ten thousand construction workers were supposed to have been building what Trump had promised would be “the eighth wonder of the world.” Instead, land had been seized, homes had been destroyed, and hundreds of millions of municipal dollars had been committed for just a few hundred jobs—nowhere near enough for Foxconn to earn the incentives Walker had shoveled at them. In Foxconned, journalist Lawrence Tabak details the full story of this utter collapse, which was disturbingly inevitable.

As Tabak shows, everything about Foxconn was a disaster. But worse, he reveals how the economic incentive infrastructure across the country is broken, leading to waste, cronyism, and the steady transfer of tax revenue to corporations. Tabak details every kind of financial chicanery, from eminent domain abuse to good old-fashioned looting—all to benefit a coterie of consultants, politicians, and contractors. With compassion and care, he also reports the distressing stories of the many individuals whose lives were upended by Foxconn.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Critics praise Foxconned for its detailed exposé of the Foxconn project’s collapse and the broader problems in government incentives for private development. Capital Times recognises it as an illuminating account of how political leaders misled taxpayers. The Times Literary Supplement notes Tabak’s persuasive argument against municipalities acting as venture capitalists without adequate expertise. Reviewers highlight the book's well-researched critique of political negligence and financial mismanagement.

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Book Details

INFORMATION

ISBN: 9780226824055

Publisher: The University of Chicago Press

Format: Paperback / softback

Date Published: 18 October 2022

Country: United States

Imprint: University of Chicago Press

Illustration: 19 halftones, 2 line drawings, 2 tables

Audience: General / adult

DIMENSIONS

Spine width: 20.0mm

Width: 152.0mm

Height: 229.0mm

Weight: 426g

Pages: 280

About the Author

Lawrence Tabak is a journalist whose work has appeared in numerous publications, including the New York Times, American Prospect, Salon, Forbes, and the Atlantic. He is based in Madison, Wisconsin.

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