China Finances Its Own Infrastructure Spending. We Can, Too.

A friend has published a piece pointing out the problems with public-private partnerships and infrastructure investment:

“In effect, the Chinese government decides what work it wants done, draws on its own national credit card, pays Chinese workers to do it, and repays the loans with the proceeds.The US government could do that too, without raising taxes, slashing services, cutting pensions, or privatizing industries.”
Ellen Brown

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