Greg Gerritt July 12 2019
Ever since CNBC released its report that labeled Rhode Island 50th of the 50 states for its business climate we have been inundated with woe is Rhode Island opinion pieces. We are told a good business climate directly leads to an increase in the economic growth rate (growth in GDP) of you community or state. If it was actually true that having a good business climate improved your growth rate, and a bad business climate reduced your growth rate the numbers would demonstrate it and we would all have seen them. But no one has ever demonstrated a valid statistical correlation between a business climate ranking and an economic growth rate. And with no correlation it is fantasy to claim causation. And yet the rich and politicians persist and the media joins in the lies. Rhode Island would be better served to ignore the paid shills who perpetuate this lie.