The Forum > General Discussion > The next great white elephant. $43bn NBN
The next great white elephant. $43bn NBN
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I was living in UK when the excesses of “nation building at all costs and damn the consequences” were being paid for by those who succeeded the failed socialist politicians responsible for such incompetent strategies
The point –
The real world lives with a very simple economic model... called “return on investment”
Now, just as “investing in climate change” produces no economic return
So too throwing an additional $30 billion or so at a supposed “problem” will produce no economic return
And when ventures, especially ventures on this scale, are pursued, with no economic return one has to ask the question –
Where does the money come from.
Well that is simple
One of two places
Either the electorate are taxed to recoup the costs or
Other government services are slashed to finance the cost
Those are the only two options... no “magic-pudding” scenarios, that is what got the UK into so much bother in 1970 was the primary reason for the economic collapse of
Russia in 1990
Greece in 2010
Of course
If such ventures are left in the hands of private enterprise, where the notion of return on investment is an ingrained guiding principle, any network will either be “profitable” (= positive return on investment) and (technically) structured in an efficient and effective form
or it will not be undertaken
regarding solutions – see my previous post for a possible starting point for solutions ...
Regarding “who don't give a toss about generations to follow”
Now I suggest you take your “gimme-gimme, hand-out mentality” and consider this -
do you not think you are too old to expect to still be suckling on the teat of some ancient baby-boomer momma?
And like hasbeen so accurately put it “Instead of throwing insults around you should be glad that we are prepared to at least try to protect you from your most stupid ideas.”