The economic opportunity New York traded away in its deal with Amazon could have been better spent

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(Photo: AP/Getty/Photo Montage by Salon)

Word last week that New York State and the City of New York pledged $3 billion dollars to Amazon, one of the world’s fastest growing corporate behemoths, was more evidence of the race to the bottom underway between the world’s governments to attract capital that has no allegiance to any particular place.

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