Bob's Links and Rants

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Tuesday, October 16, 2007

There goes the neighborhood

Back in January (no, it wasn't my last post) I wrote about how Pfizer was pulling its 2100 local jobs out of Ann Arbor, and how they were abandoning a huge, expensive facility that they were continuing to expand right up until the day of the bugout announcement.

Well, nine months later, many of the employees are gone, taking the local housing market with them. While construction finally stopped, the "Construction Traffic Only" sign remains:

However, the only traffic lately has been moving vans

and a big crane,

which is removing some valuable piece of pharmahardware to be hauled to its new home in Connecticut (which will be built where the old homes of some old people were).

The moving vans have been departing regularly for the past week or two. The "invisible hand" of the "free market" efficiently allocating resources? Hardly. No, it's evidence of an immensely wasteful and corrupt economic/political system run solely for the benefit of the very wealthy few.