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Infrastructure spending is in many ways just a large social safety net that happens to produce very useful things as a side effect. The cost to build these thi
by ralusek 6y ago
Infrastructure spending is in many ways just a large social safety net that happens to produce very useful things as a side effect.
The cost to build these things doesn't just go into an abyss, it gives an enormous amount of workers jobs in building it, and then employs tons of scientists for running it.
The west really needs to take a page from the CCP's book; you can raise people out of poverty by educating them and putting them to work on ambitious, far reaching infrastructure projects for the good of everyone. Much more desirable to most welfare solutions.
- supernova87a 6y agoWell, I appreciate that point. But the question is also whether the underlying activity or thing being produced gives benefit to how many people. Because, as has been pointed out in the past, you could pay people to simply dig holes in the ground and have others fill them in, which would equally create work and productivity. But was it more worthwhile and beneficial than other ways the money could be spent?