Twenty American cities, including Los Angeles, have been busy in recent weeks wooing visiting executives from Amazon, hoping to become the location for the company's second headquarters. Amazon has promised that up to 50,000 jobs and $5 billion in investment will flow to the new HQ2 city. The winner of this competition, however, may find itself a big loser.

Learn why courtesy of the LA Times: http://www.latimes.com/opinion/op-ed/la-oe-glazer-amazon-hq2-20180507-story.html.

Glazer is a professor of economics and director of UCI's Program on Corporate Welfare.