In the podcast, the China was mentioned that govt there went in to provinces and no matter the price, just told everyone what they need to do, which factory to open etc. To keep everyone employed, and it worked.
So they went into debt to do all of that to work on something they can offer to other countries and have it for themselves too.
The underlying thought here that currently any government, especially if it hasn’t been much in debt, can go into debt or more into it to fund anything they want, they can also just go ahead print the money/or do other manipulations to have more money out of nothing (US case)
Now that makes it super unfair to everyone else, me personally, if I want to do something that involves spending, max I can get is probably €10k loan from a bank which isn’t much and would be for 1-2 years max to repay it with extra %.
The point I want to make is about something else though - why government can’t be the VC fund for people and why can’t the government pay for an in house IT company or a team of designers which will cost some breadcrumbs from any stupid bureaucratic or enterprise initiative
It’s like government is good with the way things work and doesn’t want to change or improve on anything unless people go riot and stuff or go starving etc.
I believe a small group of designers like myself and engineers could 20x the efficiency of a lot of fundamental processes which are heavily burocratized now and are super hard or inconvenient for people.
Why does government not invest into making people lives easier? Do they try to think about people by classes, not individually? In this case our governments may be too big to be enough grounded to the reality.