I’m a neoliberal. Maybe you are too
Sam Bowman
25860

I like the concepts here, and generally agree. However, the details really matter for some of these issues. I think that the Return on Investment (ROI) of social initiatives is just as important as it is for private projects. It is just harder to measure and get agreement on. For example, ripping out a perfectly good road and replacing it with another road has a negative ROI since it requires borrowing a lot of money to pay for something that is overpriced and unnecessary. Creating a new road that links two areas that formerly were unlinked may create new opportunities and probably has a positive ROI. As a pragmatist, I know that the real reason that road was replaced was because the construction companies and their union co-conspirators wanted to get their hands on all that tax money, and some of that money probably ended up in the hands of the politicians approving the project.

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