It’s almost as if infrastructure is there to facilitate growth and economy and not to turn a profit.
Do the same math for roads: How many percent of the roads in your country (or any other country) turn a profit?
Do the same with water works, sewage and so on. All these things have benefits far greater than immediate profit.
You need roads so that people can get to work and to places where they can spend money and so that goods can be shipped. And all of these things generate taxes and economic benefit, which in turn finance, among other things, road building.
It would be entirely stupid to think that every piece of infrastructure needs to finance itself and turn a profit, while completely forgetting the actual purpose and benefit of the infrastructure.
Ok, let’s assume you read the article. Quiz question: who owns the China State Railway Group Co Ltd? (Hint: it’s in the name)
Also, I guess you didn’t just invent the “stated goal” of the China State Railway Group, so it should be quite easy for you to find said stated goal in their actual stated goals (wap.china-railway.com.cn/…/t20190408_92993.html), correct?
If you had bothered to actually read the article and if you had bothered to actually research anything at all about the topic at hand, we probably wouldn’t have the discussion.
The reality is the high speed rail it China is not solvent and is operating at a tremendous loss. That’s just reality. The question is if that loss serves a larger benefit to Chinese society. It’s a gamble either way.
squaresinger@lemmy.world 4 months ago
It’s almost as if infrastructure is there to facilitate growth and economy and not to turn a profit.
Do the same math for roads: How many percent of the roads in your country (or any other country) turn a profit?
Do the same with water works, sewage and so on. All these things have benefits far greater than immediate profit.
You need roads so that people can get to work and to places where they can spend money and so that goods can be shipped. And all of these things generate taxes and economic benefit, which in turn finance, among other things, road building.
It would be entirely stupid to think that every piece of infrastructure needs to finance itself and turn a profit, while completely forgetting the actual purpose and benefit of the infrastructure.
anachrohack@lemmy.world 4 months ago
squaresinger@lemmy.world 4 months ago
Ok, let’s assume you read the article. Quiz question: who owns the China State Railway Group Co Ltd? (Hint: it’s in the name)
Also, I guess you didn’t just invent the “stated goal” of the China State Railway Group, so it should be quite easy for you to find said stated goal in their actual stated goals (wap.china-railway.com.cn/…/t20190408_92993.html), correct?
If you had bothered to actually read the article and if you had bothered to actually research anything at all about the topic at hand, we probably wouldn’t have the discussion.
TheFonz@lemmy.world 4 months ago
The reality is the high speed rail it China is not solvent and is operating at a tremendous loss. That’s just reality. The question is if that loss serves a larger benefit to Chinese society. It’s a gamble either way.