this post was submitted on 06 Sep 2023
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Russia is fairly litterally blowing up its money and setting it aflame. That is not an investment. An investment should return more money in the future. I fail to see how destroyed T-90s do that.
But yes the fact that countries like Germany, with the great option of borrowing are not using that to make actually smart investments into things like railways, renewables, heat pumps and so forth is quite simply incredibly dumb.
In my opinion we should see beyond national investments: there should be more European funds for more European projets. It was strong 20 years ago but lately many projets fail or lag behind.
I somewhat agree. The only way forward in most areas would be European projects. But we are lacking competent and agile institutions. They got so big and bloated โ that for me it looks like they are not able to reform themselves. So first we need good (european) organizations, then we can pour the money over them..