Comment Re:No! But Greed Is. (Score 1) 53
Also infrastructure dollars spent on data centers are not spent on more useful projects.
It doesn't have to be a zero-sum game but it is. It is extremely hard to get the billionaires to allow us to spend any money on infrastructure. They do it begrudgingly and in exchange for huge amounts of free money. The last major push for infrastructure in America was in the mid 1980s when the Democrat party compromised with Ronald Reagan giving Reagan all the military spending he wanted in exchange for 1 trillion dollars worth of infrastructure spending to build out much needed cities. If you're over 50 that's why and how you are able to afford to buy a house.
I think one of the things that confuses economists is that the economy shouldn't be a zero-sum game and you're taught that it's not but in practice because of the bizarre political realities it is.
It doesn't have to be a zero-sum game but it is. It is extremely hard to get the billionaires to allow us to spend any money on infrastructure. They do it begrudgingly and in exchange for huge amounts of free money. The last major push for infrastructure in America was in the mid 1980s when the Democrat party compromised with Ronald Reagan giving Reagan all the military spending he wanted in exchange for 1 trillion dollars worth of infrastructure spending to build out much needed cities. If you're over 50 that's why and how you are able to afford to buy a house.
I think one of the things that confuses economists is that the economy shouldn't be a zero-sum game and you're taught that it's not but in practice because of the bizarre political realities it is.