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One of my thoughts is building infrastructure is a speculative bet. You hope that it generates enough economic benefit to pay for it's construction, maintenance
by Gibbon1 6y ago
One of my thoughts is building infrastructure is a speculative bet. You hope that it generates enough economic benefit to pay for it's construction, maintenance, and eventual replacement. A thought is sometimes that bet fails. You end up with infrastructure that doesn't generate enough revenue to pay for it's maintenance or eventual replacement.
I feel like post war the US made a lot of extravagant speculative bets on infrastructure, particularly related to suburban housing development.