3 ms·

- sovereign governments (which fund many government projects) can literally create money; individuals cannot - government projects often have multi-year fundin

- sovereign governments (which fund many government projects) can literally create money; individuals cannot - government projects often have multi-year funding commitments legally bound by legislation; virtually no private enterprises have such guaranteed runways - goals of government projects are often not "survive then maximize profit at all costs"; in fact, the idea behind infrastructure projects is for extreme long term payoffs, virtually impossible for from-scratch private projects due to lack of capital whereas .gov projects don't have the survival component - because of things like infrastructure and overhead, there is evidence that public utilities with monopoly-like properties make more sense than rampant theoretical capitalism (imagine 100 sewer companies with 100 sets of pipes, ...)

poilcn 7y ago
>sovereign governments (which fund many government projects) can literally create money; individuals cannot The only government that can "literally create money" is the American one. >government projects often have multi-year funding commitments legally bound by legislation That was my point. When it breaks, everyone would pay for it, and not in money. >goals of government projects are often not "survive then maximize profit at all costs"; in fact, the idea behind infrastructure projects is for extreme long term payoffs, virtually impossible for from-scratch private projects due to lack of capital whereas .gov projects don't have the survival component That what I meant when I said that governments don't live in alternative dimensions where they have unlimited resources. It just looks for an individual that omnipotent governments can do anything, but they have the same limitations as anyone of us. If there are X of something and government would print X*3 equivalent of paper to pay for it, it would denominate the value of the paper the government call money, but won't make more of X. What they can do (the same goes with corporations) is to expand their spending at expensive of individuals and business, present and future. You don't see it in static. But that what helps most government projects to survive. I already described what happens when they have no space to expand. >(imagine 100 sewer companies with 100 sets of pipes, ...) Sewers, pipes, wires and similar entities are physically bound. Pension funds and healthcare organizations do not provide anything that are bound to specific place. I am not preaching "rampant theoretical capitalism". I am telling that these things, "alternatives" are doomed from their start as governments exist in the same world as individuals and companies. There is no magic behind it. They are fine now and here, but that won't last forever.

poilcn 7y ago

>sovereign governments (which fund many government projects) can literally create money; individuals cannot The only government that can "literally create money" is the American one. >government projects often have multi-year funding commitments legally bound by legislation That was my point. When it breaks, everyone would pay for it, and not in money. >goals of government projects are often not "survive then maximize profit at all costs"; in fact, the idea behind infrastructure projects is for extreme long term payoffs, virtually impossible for from-scratch private projects due to lack of capital whereas .gov projects don't have the survival component That what I meant when I said that governments don't live in alternative dimensions where they have unlimited resources. It just looks for an individual that omnipotent governments can do anything, but they have the same limitations as anyone of us. If there are X of something and government would print X*3 equivalent of paper to pay for it, it would denominate the value of the paper the government call money, but won't make more of X. What they can do (the same goes with corporations) is to expand their spending at expensive of individuals and business, present and future. You don't see it in static. But that what helps most government projects to survive. I already described what happens when they have no space to expand. >(imagine 100 sewer companies with 100 sets of pipes, ...) Sewers, pipes, wires and similar entities are physically bound. Pension funds and healthcare organizations do not provide anything that are bound to specific place. I am not preaching "rampant theoretical capitalism". I am telling that these things, "alternatives" are doomed from their start as governments exist in the same world as individuals and companies. There is no magic behind it. They are fine now and here, but that won't last forever.