TBJ reports that due to rising corn prices due to 1/3rd of the crop being used for ethanol, Sanderson Farms is putting on hold its plan to build a $126.5 million, 1,600 job poultry processing plant in Kinston.
So, let me get this straight… government by unfairly propping up the ethanol industry has cost Kinston 1,600 jobs so then we have to turn around and bribe a company with $150+ million in incentives to come here and hopefully create 1,000 different jobs. Is that some kind of wacky government-interventionist version of creative destruction?
When Gov’t is involved like this, there is no “creative,” only destruction.