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To expand on your point, the "ROI" for a state doesn’t have to be strictly financial. It can invest to improve employment rate, to establish itself as a product
by ch_sm 5y ago
To expand on your point, the "ROI" for a state doesn’t have to be strictly financial. It can invest to improve employment rate, to establish itself as a production/business hub, etc.
- qeternity 5y agoNo. All of those things can and must be translated into ROI. This is the only way to compare investments. Maybe there’s a different use of these funds that would yield greater impacts in those areas you mention.
- ch_sm 5y agoI understand your point. But: fiscal balance is merely one of many goals a state has when it invests. There are also environmental concerns, questions of social equality and wellbeing. In other words: a state is not (only) a business. Not everything shows up on the balance sheet.
- qeternity 5y agoNo, you don’t. I’m saying all of those things have return functions. Financial ROI is just one metric. However you define your environmental returns, you can calculate an environmental ROI and then compare that across projects.
- belltaco 5y agoUnfortunately the track record of government spending is pretty bad. I'd rather have that money go towards private entities with good a track record, to find solutions to things like the climate crisis and pollution.