Earlier quoted context omitted.
Correct me if I'm wrong but if Chinese can produce the same quality at %99 discount, then the supposed $500B investment is actually worth $5B. Isn't that the kind wrong investment that can break nations? Edit: Just to clarify, I don't imply that this is public money to be spent. It will commission $500B worth of human and material resources for 5 years that can be much more productive if used for something else - i.e…
> i.e. high speed rail network instead You want to invest $500B to a high speed rail network which the Chinese could build for $50B?
The problem is loose vs strong property rights.
We don't have the political will in the US to use eminent domain like we did to build the interstates. High speed rail ultimately needs a straight path but if you can't make property acquisitions to build the straight rail path then this is all a non-starter in the US.