Specifically, there's 71% left to go.https://twitter.com/CNBCTechCheck/status/1395785121861718021 …
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I feel like I increasingly don't understand anything that happened after the 2008 financial crisis
How the heck are you going to get 12,000% returns building factories and trains?
Maybe because investment increasingly consists of essentially fun money from the hyper-wealthy investor class? If your goal is "jackpot" rather than "returns", you'd rather spin the wheel on dumb startups than build new stuff.
BECAUSE of the buildup. If you used that money to start building a product for real money someone else would use another part of that moolah, times 1000x, to create a “disruptive” system selling the same thing but with a Pom Pom on it at a 70% loss, bankrupting you. #barelyjoking
smh at @Pinboard, who still thinks "infrastructure" is a useful thing that you build, and not an expansion of entitlement spending and a mandatory union dues deduction for everyone who gets money to take care of a grandparent
— mind you, this may still be better than the last stimulus when they had people deliberately trying to make the things they were building more expensive, that they might cost more money.
because regulatory delay. — not that the regulators say "no." and not that the regulators said, "mitigate this environmental impact." it'd at least be finite and knowable. the real problem is when regulators and lawsuits leave a project in limbo for years before they say yes
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