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> Isn't this an unavoidable curse of all maturing democratic/capitalistic countries and economies? As the society matures, and people's incomes and standard of
by sfifs 3y ago
> Isn't this an unavoidable curse of all maturing democratic/capitalistic countries and economies? As the society matures, and people's incomes and standard of living rises, and the apparatus for doing such projects grows, it gets more costly to build the infrastructure that powered the very same improvements to get there?
Not really. Numerous examples world over of first world countries/ expensive cities managing to get infra done (Tokyo, Seoul, Singapore)
What's really happening in many western capitalist societies, both the rich landowning class as well as the unions dominate and capture the regulatory authorities and use the "system" to increase friction and costs for things that could reduce their own wealth extraction (land being taken away, more efficient construction) even if it's in the broader interest of the nation. Indeed this awesome flex of power of individual or small group wealth extraction over total system efficiency is seen as a highly positive ideology and is not all that far from third world countries where wealth extraction from corruption is seen as just a way of life.
As usual the key is how a society strikes a balance. The Western democracies of the 20th century did know how strike a balance pretty well - perhaps because of the existential threat of first the Great Depression, then the Nazi and then the Russian threat. Perhaps removal of existential threats that necessarily require a society to come together encourages private profiteering.
- chii 3y ago> reduce their own wealth extraction ... even if it's in the broader interest of the nation. aka, they are being asked to make a sacrifice for the benefit of someone else. Of course they're not going to agree. No reasonable person will. I don't see this as being wrong - it's in fact a feature of freedom and a high-rights country.
- sfifs 3y ago> I don't see this as being wrong - it's in fact a feature of freedom and a high-rights country. That's precisely the point I'm making. The US in particular values this over common social good, so public services don't really come about. > No reasonable person will. Many societies operate differently and get stuff done, even highly capitalist economies like Singapore or Japan. I've even found China to be far more markets oriented than European societies.
- chii 3y agoSingapore and Japan (and to some degree China) are collectivist societies first and foremost, and capitalist only recently.