What’s worked in the past may not work nearly as well in the future. From James Howard Kunstler at kunstler.com:
A nation literally falling apart certainly might want to Build Back Better, but it also might want to consider building back differently, consistent with the signals that reality is sending to humankind these days. For instance, the signals that the old industrial paradigm is coming to an end, and that the furnishings and accessories of it may not be the ones that humankind actually requires going forward.
Alas, the psychology of previous investment tends to dictate that societies pound their capital — if they still have any —down a rat-hole in the vain and desperate attempt to keep old rackets going, and this is the essence of Mr. Biden’s infrastructure bill, a colossal confection of government over-reach with its thin cake layers, cloyingly thick “social justice” frosting, and its giant cherry-on-top of drawing on “capital” that doesn’t exist.
The main racket is the ongoing effort to replace a transactional economy of individual enterprise with the managerial state that attempts to allocate all resources and direct markets. We’ve seen that movie before. It beats a path directly to totalitarian tyranny, and that is already sickeningly visible in the pre-production activities for the new movie, with social media assisting government to set up total control of its citizens lives — actually copying the techniques already operating in China. (And you have to wonder whether we’re doing this on our own or at China’s prompting, considering all the money China lavished on the Biden family in recent years.)