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105 sats \ 2 replies \ @kepford 14h \ parent \ on: 3 ways to fix construction productivity growth and the reason why it’s lagging. econ
If you want to see a case study in the problems in construction look at the high speed rail project in California. Just the permitting for it has taken many years.
Now, granted its a massive project but its also one being pushed by the state government with massive amounts of money from the Feds and the state. The state's own restrictions are making it very difficult to do.
When you compare that to China... well of course they are gonna be faster. While they are Communist they don't restrict their own actions. Just the actions of their slaves/subjects.
Yeah but sometimes I think these are legal money laundering schemes. I understand some studies taking some time but the overall delay is flat out ridiculous
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I know some people who's company has done work on it... its insane.
Also know a dude that works at a company that does highway construction. There has to be some shady stuff but also think most of the waste is just what you get with central planning something the private sector would never even attempt.
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