3 ms·
>built too much ... debt Infra net benefit goes beyond basic balance sheet math, no serious analysis suggest US high way system or 1T infrastructure bill to ge
by dirtyid 4y ago
>built too much ... debt
Infra net benefit goes beyond basic balance sheet math, no serious analysis suggest US high way system or 1T infrastructure bill to get US infra unfucked a massive waste. The purpose of infra is to generate more economic activity than it consumes. Analysis of net benefit of PRC HSR a few years ago was ~400B, or ROI of ~7%. It's a solid investment. The other context is PRC pop concentration of 1.3B east of Heihe–Tengchong Line, denser the closer to coast, where military aviation gets priority due to proximity of neighbours makes mass civilian air travel not feasible - HSR is replacing capacity for air travel not slow rail. Imagine if all US aviation, military and commercial are biased towards one coast to the point where capacity to move bodies becomes functionally saturated. Hence the joke that once PRC reunites with TW, they can afford to push military aviation further out from coast and then civilian aviation (notorious for delays in mainland) wouldn't be such a shitshow. Also why it's not useful to contrast to Germany since connecting requirements for a long trip (i.e. 600km Berlin-Munich) in a small country is different from long trip (i.e. 1500km Beijing-Shanghai) in a large country. Ultimately, PRC HSR is impressive reflection of CCP state capacity because it's not just about laying down fuckload of tracks, but being able to politically realize enormous projects for the right reasons.
Also for reference this entire idiotic PRC HSR boondoggle narrative was popularized by Indian nationalists after PRC nationalists made fun of them for not being able to build HSR, then amplified by customary western PRC bad bubbles.