John Oliver on Economic Development

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I saw this brilliant piece from John Oliver on the problems of using tax breaks and various other kinds of incentives to bring companies to particular national or regional locations. What I found interesting about this is the way that it shows the state is complicit with globalisation and serves to reinforce and accelerate the practice of capital relocating jobs rather than to act as a break on this process. It also shows yet another way that corporations can (1) get around paying their fair share of tax and (2) attract state subsidies that are not available to smaller more locally rooted businesses.

But, you are probably best to listen to John Oliver explaining all of this…

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