Monday, June 13, 2005

A quiet corner of Connecticut

More on the transformation of one of the (soon to be formerly?) beautiful and historic spots in New England: eastern Connecticut. The New York Times features the economic transformation of the region in today's edition.

In Connecticut, one quiet corner

The story mentions that the Foxwoods and Mohegan Sun casinos—two of the biggest in the world—have created 60,000 jobs. It reports that the threatened closure of the New London Submarine Base would erase 31,000 jobs for skilled workers. It doesn't mention that the majority of new jobs from "gaming" are low-paying, no-benefit jobs: maids, croupiers, waiters. So the pauperization of eastern Connecticut continues; but that's what the gaming industry is all about: tricking the poor and middle class into throwing their savings away and giving in return as little as possible to the community.

The big idea for economic development in Cleveland now is ... a casino! That's how far this once-great industrial city, with world-class cultural institutions, has declined. And that's how clueless municipal and regional governments are in the face of globalization.


Read the full article

posted by Andy Lang @ 3:10 PM   3 comments

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