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They don't need it though, China already had a very robust traditional passenger rail network which is the primary reason many of these high speed lines are hemorrhaging money: people aren't willing to pay the increased cost for a high speed ticket
Hemorrhaging money 😂 These high speed lines are owned by the state, which has infinite money. It can charge as much or as little as it pleases.
Infinite money? Is that why the factory workers are all paid great salaries and have the best working conditions?
Do you think you’re being clever?
Do you think you’re proving they have infinite money or great working conditions?
- Workplace Safety Now Better in China than in Australia
- It is self-evident that the Chinese state, which has fiat monetary sovereignty, does indeed have an infinite supply of its own money. As does the US: The United States can pay any debt it has because we can always print money to do that. — Alan Greenspan, 13th chairman of the Federal Reserve
160 comments