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this post was submitted on 18 Nov 2023
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I'm not decrying investment in infrastructure. But rather the types and ways China has done it, specifically with propping up their faltering economy in mind.
I'd also love to see nationwide build out of quality desirable public housing in the US. To put landlords out of business and bring housing costs back to reality. But it would be silly to build it all in Wyoming where most people don't want to live. Or as Brutalist architecture which most people don't enjoy.
High speed rail and public transportation too. But building high speed rail to villages that don't need or want it. Just to prop up the economy. Is again wasteful, not actually serving their needs, and only going to make their problems bigger in the end. The party is serving the party and not the people.
I mean, I think it's just a completely different development model.
China develops for future demand, while the US develops for past demand.
Invariably, developing for future demand sometimes leads to poor development, but those cases are not the norm. What it does allow is taking advantage of economies of scale to improve net efficiency (again, in the HSR example, China incurred 10x the debt to build 50x the rail of California and 150x the rail of the UK). Even if half of your buildup is useless, it's still more efficient than the American approach.
I'm sure there's some optimal point in the middle and I don't think China's hit that, but I think you're conflating different issues to justify the lack of infrastructure investment in the US. The thing is, with the massive rural-urban migration in China, it was always better to have excess capacity than insufficient capacity: the urban population is the key driver to economic growth.
For what it's worth, you can ask people in SF if they'd prefer to live in brutalist buildings for $500/month or pay the exorbitant rents in the area...