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Not when it starts out as government spending, sluicing wholesale into a gaping, capacious private-capital pocket. We see this most frequently in military cont
by ncmncm 4y ago
Not when it starts out as government spending, sluicing wholesale into a gaping, capacious private-capital pocket.
We see this most frequently in military contracts, although NASA and public-works projects often oblige; most particularly nuke plants, of late. Public works and NASA innovate by sluicing to an impressively wide array of smaller yet still gaping pockets.
- jtbayly 4y agoBut that’s basically what is being praised as “investment” here. The question is whether government spending is good, or whether we should let private capital fund it? (If private capital will fund it, but will then want to profit off of it.) The argument was that it would make sense to spend government money in that case.