zlacker

>>tedsan+(OP)
The US appears to be fully in the grips of centralized economic autarky. A tiny coterie of industrialists who have the President's ear decide how to allocate a gigantic amount of capital for their pet projects while the state raises tariffs and implements bans to protect them from competition.

Didn't go well for South America in the 60s and 70s but perhaps, as economists are prone to saying, "this time will be different".

>>rchaud+592
this is private capital. yes, we are in an era of big projects and big capital deployment. is that synonymous with centralized autarky? i don’t agree

>>whimsi+Ba2
This is an amount that would be a meaningful change to most US states' gross annual economic output that we're talking about, and a few people control it. Sounds pretty centralized to me.

The fact that a handful of individuals have half a trillion dollars to throw at something that may or may not work while working people can pay the price of a decent used car each year, every year to their health insurance company only to have claims denied is insane.

>>lenerd+hb2
It's a great thing that they can throw half a trillion at something that may not work. Every great tech advancement came from throwing money at something which might not work.