Corruption Illinois Economy - 548 Words

Corruption Thesis Statement Over the last several years, the state of Illinois is dealing with crippling deficits and negative perceptions surrounding corruption. This is because only two of the states last few governors were allowed to retire from office without any kind ethical or legal issues. The combination of these factors has created a situation where many firms believe that a long term investment in the Illinois is not financially sound. To highlight how this is hurting the economy, there will be a focus on key ideas from the article that was examined. This will support the thesis statement about how the state will have trouble attracting long term investments until these issues have been rectified. Main Points The main points from the article are demonstrating how the Illinois economy is facing tremendous challenges. To highlight these issues, the author is discussing how Orascom Construction Industries wanted to establish a large fertilizer plant. On the surface it appeared, as if the company had a bias toward Illinois. This is because the owner attended the University of Chicago and had special connections with the region. At the same time, the state had introduced the most favorable bid for the firm by focusing on tax breaks, rebates and financial assistance for establishing the facility. However, executives decided to build the plant in Iowa (just miles from the Illinois border). This is because they did not believe the promises made by IllinoisShow MoreRelatedThe Rise Of Corporate Capitalism1398 Words   |  6 Pagesthey began to intervene in business affairs despite their original pledge not to. The government assisted a great deal in the rise of corporate capitalism (bu siness economy run by corporations and monopolies such as the Standard Oil Company and the U.S. Steel Company) through its laissez-faire policies, railroad involvement, and corruption. 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