Ira Stoll on Andrew Cuomo’s Corporate Welfare

Which high-tech material will be the silicon of
the future: silicon carbide, gallium nitride, or some other
substance yet to be discovered?

No one knows for sure. But Governor Andrew Cuomo just bet $135
million of New York taxpayer dollars on backing GE’s silicon
carbide manufacturing efforts and IBM’s gallium nitride efforts.
Ira Stoll explains why Cuomo’s foray into corporate welfare and
crony capitalism is bad news for the Empire State.

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