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0 pointsBurningFrog10y ago0 comments

That's how government works everywhere, to some degree.

The planning horizon does not stretch further than the next election. For long term projects, private entities do much better.

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narrator10y ago

What about China?

clock_tower10y ago

Or old-fasioned kingdoms and monarchies. A number of English kings underwrote the wool trade; in general, the smarter sort of king tended to take an interest in improving his country's manufacturing and agriculture.

BurningFrogOP10y ago

They do have different planning horizons.

The lack of accountability in a dictatorship might offset that. I have no way of evaluating that.

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