the investment monetarily = to the outcome. You cant sink trillions to fight climate change and then say we got trillions back in fresh air, stable climate, food security.
One can go infinitely in the RED or debt as long as there still the Confidence of the population in the Govt action. Debt to GDP ratio is nothing – people trusting it is what matters.
One of the advantage of a command and control economy would be – fight climate change, technological security, retrain our entire rural population to be factory workers and the support personel needed, etc…
They built a train and its not paying off. Thats ok. they built all this infra and its not paying off its ok. They have the CAPACITY to build these things. Paying off is the mindset of a capitalist who bought Bonds and was hoping for dividens. Uplifting peoples lives and creating infrastructure will not always give dividends.
If that was the measure of an action then Minorities are too small to generate any dividens to invest in.
If we reacted to Climate change without thinking of the Fiscal Payoff and we would spend Trillions of dollars as a Planet or Human Species and avert the disaster can you imagine the Talking heads who would talk about the GDP to DEBT ratio
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