Re:China Completes Green Belt Around Taklamakan Desert
by einpoklum on Sunday December 08, 2024 @03:35PM
(#42360183)
> Denmark, where I live now, has the luxury of commanding massive taxes from its citizens to finance its projects,
Well, so does the US - which is also able to do defict-spending much more easily due to the USD's role as a global reserve currency. But as you've pointed out, a huge part of it feeds the military-industrial complex - and that's a part (but not nearly the most important part) of how it struggles to expend on public infrastructure. Also, red tape is mostly not a per-capita thing; that kind of red tape is mostly in distributed execution rather than decision-making, legislation and such.
But point taken regarding Danish overspending on predatory contractors.
Well, so does the US - which is also able to do defict-spending much more easily due to the USD's role as a global reserve currency. But as you've pointed out, a huge part of it feeds the military-industrial complex - and that's a part (but not nearly the most important part) of how it struggles to expend on public infrastructure. Also, red tape is mostly not a per-capita thing; that kind of red tape is mostly in distributed execution rather than decision-making, legislation and such.
But point taken regarding Danish overspending on predatory contractors.