Comment by Joel_Mckay a day 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)
Do 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
Indeed, 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
>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?