The White Elephant Called High Speed Rail Corridor
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Spain is bankrupt. Of course chief role has been played by Socialism it espoused as its economic philosophy. But pace was recently double-quickened after it constructed a High Speed Rail Corridor. Capital is the most scarce resource for any society. What becomes of a society, just as what becomes of a family, depends upon what it does with its Capital. The Capital may be put to use in a way that it leads to increased productivity for everybody, or it may be so deployed that it gets locked in a loss making venture, sucking more Capital towards itself, and destroying this incoming Capital as well.
The White Elephant Called High Speed Rail Corridor
The White Elephant Called High Speed Rail…
The White Elephant Called High Speed Rail Corridor
Spain is bankrupt. Of course chief role has been played by Socialism it espoused as its economic philosophy. But pace was recently double-quickened after it constructed a High Speed Rail Corridor. Capital is the most scarce resource for any society. What becomes of a society, just as what becomes of a family, depends upon what it does with its Capital. The Capital may be put to use in a way that it leads to increased productivity for everybody, or it may be so deployed that it gets locked in a loss making venture, sucking more Capital towards itself, and destroying this incoming Capital as well.