“Driving” the Growth of Local Economies: Farming or Financing?
by Brian Czech
Among today’s headlines is the pedestrian-sounding “Colin Hanna: Economic growth, new jobs, strengthened pensions.” Author Hanna, surely a well-meaning soul, is pitching the merits of the private equity “industry.” The problem is, Hanna goes so far as to reference “the industry’s clear record of driving economic growth.”
Hanna’s article reminds me of the many, many (oh, so many) times I’ve read about tourism, bowling,