- Reaction score
- 11,576
- Points
- 1,040
I've written repeatedly that what government can do is mobilize resources to achieve particular aims (and that mobilization tends to be inherently economically inefficient, but that's just part of the cost of achieving the particular aims). The point of NSS isn't to goose the economy. I wouldn't have accepted DoF's argument in that context either.I hated that opportunity cost arguement; DoF tried to apply that to the NSS and see if there would be a bigger economic investment if the same money was goign into cars or something.
Maybe, but it completely missed it was a strategic investment into a key economic activity that supported a GoC goal, so spending the money on a car plant would do absolutely FA to rebuild the RCN and CCG, and get a shipbuilding capacity in Canada. It's a strawman arguement that completely misses the point of why you are doing that.
When people start talking about the benefits of a project in terms of economic benefit, though, opportunity cost ceases to be a strawman.
If people want to argue that there's some sort of strategic benefit to the HSR, they can try. A huge amount of money, sunk into transportation infrastructure which is highly inflexible, vulnerable to faults in the line, and can't be shared with other private and commercial users. A grave misallocation of capital.
Projects tend to overrun costs and schedules a lot, these days. Factor of 2? 3? 6? Numbers being floated for cost and benefits are the best cases proponents can massage, not worst.
