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by varroa
3078 days ago
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One can imagine if the bid process is sufficiently competitive & transparent, if HQ2 brings $10b in economic good, cities might bid eachother down asymptotically to offer $10b in incentives, which in net would result in nearly zero economic good for the winning city or the parent country, and transfer all that value to Amazon & it's shareholders. There's also the concern that negative impacts are being ignored, such as increased demand on infrastructure, ala the Olympics, wherein by most accounts the winning city actually winds up economically worse-off. |
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