Taking money from individuals and using it for politically popular "investments" usually winds up destroying the capital. Politicians don't usually care if its paid back, as long they can claim credit for giving it away.
Private investors are much more likely to earn a return on an investment. Which means they can keep re-investing it.
Yes, you get all the "stimulating" effect without destroying wealth. Of course, its been that way wherever societies become wealthy.
And government handles all of the "investments" wherever societies become poor.
Private investors are much more likely to earn a return on an investment. Which means they can keep re-investing it.
Yes, you get all the "stimulating" effect without destroying wealth. Of course, its been that way wherever societies become wealthy.
And government handles all of the "investments" wherever societies become poor.