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> At first I didn't really understand but then I realized this is America. Funding and maintaining infrastructure is not exactly a priority As opposed to where
by adventured 5y ago
> At first I didn't really understand but then I realized this is America. Funding and maintaining infrastructure is not exactly a priority
As opposed to where? Asia?
The US typically spends between as much or slightly more of its GDP on funding infrastructure vs what either the EU or Eurozone do. European spending on infrastructure has been mediocre for decades.
2017 "Europe’s spending on infrastructure at ‘chronic’ low level ... Spending at 20-year low threatens region’s prosperity, EIB report warns"
https://www.ft.com/content/51524ab4-cf77-11e7-9dbb-291a884dd8c6 https://www.ft.com/content/51524ab4-cf77-11e7-9dbb-291a884dd...
2017 "Germany’s low investment rate leaves its infrastructure creaking ... The country with Europe’s strongest economy faces potholed roads and crumbling schools"
https://www.economist.com/europe/2017/06/17/germanys-low-investment-rate-leaves-its-infrastructure-creaking https://www.economist.com/europe/2017/06/17/germanys-low-inv...
https://www.cpr-am.fr/institutionals/Local-content/Actualites-Presse-Recompenses/Decoding-The-European-infrastructure-plan https://www.cpr-am.fr/institutionals/Local-content/Actualite...
2014 "EU Infrastructure Cutbacks Worry Economists"
https://www.wsj.com/articles/eu-infrastructure-cutbacks-worry-economists-1405886120 https://www.wsj.com/articles/eu-infrastructure-cutbacks-worr...
- gibolt 5y agoSpending doesn't equal spending efficiency. It also doesn't account for added costs due to age of infra/retrofitting vs new infrastructure. I have no point to make, other than direct comparison misses a lot of nuance.