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Borrowing state money that ultimately indentures a country with over-engineered massive boondoggle projects. That regulatory capture con strangled more emergin
by Joel_Mckay 9mo ago
Borrowing state money that ultimately indentures a country with over-engineered massive boondoggle projects.
That regulatory capture con strangled more emerging economies than most like to admit. =3
"The Dictator's Handbook: Why Bad Behavior is Almost Always Good Politics" (Bruce Bueno de Mesquita, Alastair Smith)
- gruez 9mo ago>Borrowing state money that ultimately indentures a country with over-engineered massive boondoggle projects. The datacenters of Meta, Google, Amazon, etc. are primarily funded by the government?
- Joel_Mckay 9mo agoDo they get tax breaks, subsidy, loan deals, and naive non-voting investor money? My point was these folks never gamble with their own cash from revenue. It is always the tax payer that ends up holding the gamblers debts. =3 https://www.usdebtclock.org/ https://www.usdebtclock.org/
- gruez 9mo ago>Do they get tax breaks The government also has "tax breaks" for certain foods and my 401k. Does that make my evening meal and retirement plan "state money funded" as well? > loan deals, and naive non-voting investor money? Well?
- Joel_Mckay 9mo agoIndeed, every US child is now born -$108,000 in national debt due to the behavior of their parents. The classic boondoggle state funded "big" projects have bankrupted many economies. Inflation corrected, people can expect $0.84 back for every dollar they now put into retirement plans. =3