Because they know something that capitalists forget in the last few decades, that infrastructure investments migh be not profitable in itself but pays off like nothing else in economy.
Of course, but it’s the biggest problem in neoliberalism: everything must make a profit. They are btw aware of the paradox, just look how they privatised rail in UK or Poland. USians are currently making a step further, everything must bring a profit, and thus we see their infrastructure deteriorating rapidly.
Everything must make a profit unless you are an airline corporation. Then it’s an endless cycle for going bust and getting bailed out with public wealth.
The US waste more on public military violence than the ~10 richest countries conbined, give tons of free taxpayer money to their oligarch from the authoritarian principles of “too big to fail” and “trickle down theory”, and bribe mainstream news to spread false information. If the US can maintain its economic superpower status despite its top world record of countries that waste the most public money, then I would not understand the opposition to the investment in public infrastructures that have short-term cost for long-term benefits to society.
Because they know something that capitalists forget in the last few decades, that infrastructure investments migh be not profitable in itself but pays off like nothing else in economy.
Plus the fact that public infrastructure does not need to make a profit
Of course, but it’s the biggest problem in neoliberalism: everything must make a profit. They are btw aware of the paradox, just look how they privatised rail in UK or Poland. USians are currently making a step further, everything must bring a profit, and thus we see their infrastructure deteriorating rapidly.
Everything must make a profit unless you are an airline corporation. Then it’s an endless cycle for going bust and getting bailed out with public wealth.
Something something highest, monopoly stage of capitalism.
Same with banks
Sådan er kapitalismen
Such is capitalism
true, but the money required to build it doesn’t come out of nowhere.
The US waste more on public military violence than the ~10 richest countries conbined, give tons of free taxpayer money to their oligarch from the authoritarian principles of “too big to fail” and “trickle down theory”, and bribe mainstream news to spread false information. If the US can maintain its economic superpower status despite its top world record of countries that waste the most public money, then I would not understand the opposition to the investment in public infrastructures that have short-term cost for long-term benefits to society.
the us can print its own money. china cannot.