Timothy P. Carney: Pfizer deserts its monument to corporate welfare

Published November 11, 2009 5:00am ET



Susette Kelo’s little, pink house in New London, Conn. — like the houses of all her neighbors — is now a pile of rubble, overgrown with weeds. But Pfizer, the company that called for the demolition in order to build a new research and development plant, announced Monday it is packing up and leaving town in order to cut costs after its merger with fellow drug-giant Wyeth.

New London now has a wasteland where a neighborhood once stood, and no jobs or business to show for it. It’s another travesty of central planning.

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