China to Spend $182 Billion to Boost Internet by End of 2017

CommanderFrank

CommanderFrank

Cat Can't Scratch It
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You have to hand it to the Chinese, the government of China will be investing $182 Billion dollars over the next three years to build new Internet infrastructure; a bold move even by the Chinese philosophy of build it bigger and better standard.

The State Council said the government will invest more than 430 billion yuan ($69.3 billion) this year on network construction, with at least another 700 billion yuan ($112.8 billion) spent over the following two years.
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182 billion and the real end result will just be more port scans originating from their country. GG China.
 
China is going to play a huge roll in the future and they certainly need better internet. Preferably internet that doesn't use as much copper as Americans and Europeans use per person. Cause there's isn't enough copper in the world to wire every Chinese person.
 
In related news, U.S. Government will spend the exact same amount in court battles with Comcats, Verizon and ATT over the next three years...:rolleyes:
 
America use to take big infrastructure investments like this seriously, spending nearly 4% of our overall GDP, paid with "high" tax rates at the top, resulting in massive economic growth for everyone during The Great Prosperity. Infrastructure spending fluctuated however over the decades, with a slow but gradual decrease to today's nearly 2% spending of GDP. The biggest decrease being during Reagan's term when "trickle down" was introduced, replacing the success of Fordism. Give this money to the rich instead, and they'll do it for us cheaper and more efficiently they said... Well, decades of this policy has delivered us to today's crumbling America, which went from having nearly the world's best infrastructure that everyone envied, to one that lags behind dozens of other countries and is mocked constantly. A few municipalities have however woken up and started investing in their own publicly owned infrastructure with great success once again, especially those who kicked out the ISP's and built their own Gigabit fiber networks at a substantially cheaper rate than the corporations were offering.
 
mzs_biteme said:
In related news, U.S. Government will spend the exact same amount in court battles with Comcats, Verizon and ATT over the next three years...:rolleyes:
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And in reality more than that because the companies will write off the legal expenses against their profit margin as a cost of doing business and pay less taxes.
 
Chunder said:
America use to take big infrastructure investments like this seriously, spending nearly 4% of our overall GDP, paid with "high" tax rates at the top, resulting in massive economic growth for everyone during The Great Prosperity. Infrastructure spending fluctuated however over the decades, with a slow but gradual decrease to today's nearly 2% spending of GDP. The biggest decrease being during Reagan's term when "trickle down" was introduced, replacing the success of Fordism. Give this money to the rich instead, and they'll do it for us cheaper and more efficiently they said... Well, decades of this policy has delivered us to today's crumbling America
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Balogna. Liberal enabling and waves of union were strikes launched in the 60s. Families fell apart - "services" became black holes. Blue state cities were near bankruptcy by 70s. Carter's infaltion and interest rates went sky high. The bill for all that toxic debt and waste blossomed under Reagan - whose economic revival helped pull cities like NY out of the fire. Now its still big blue cities that are falling apart the most. Blue pols call for "infrastructure" spending and most of it ends up as pork (like Obama's "stimulus" the WSJ said was only 22% stimulating and the bulk was mostly dead-end wealth transfers)

Even Dialy Kos knowns Regan wanted to build infrastructure:
http://www.dailykos.com/story/2011/...taxes-to-build-infrastructure-and-create-jobs
 
It gets expensive having control over what content your citizens have access to.
 
Chunder said:
America use to take big infrastructure investments like this seriously, spending nearly 4% of our overall GDP, paid with "high" tax rates at the top, resulting in massive economic growth for everyone during The Great Prosperity. Infrastructure spending fluctuated however over the decades, with a slow but gradual decrease to today's nearly 2% spending of GDP. The biggest decrease being during Reagan's term when "trickle down" was introduced, replacing the success of Fordism. Give this money to the rich instead, and they'll do it for us cheaper and more efficiently they said... Well, decades of this policy has delivered us to today's crumbling America, which went from having nearly the world's best infrastructure that everyone envied, to one that lags behind dozens of other countries and is mocked constantly. A few municipalities have however woken up and started investing in their own publicly owned infrastructure with great success once again, especially those who kicked out the ISP's and built their own Gigabit fiber networks at a substantially cheaper rate than the corporations were offering.
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Where I live we've spent an extraordinary amount on infrastructure, but rather than spend it on mission critical infrastructure like roads virtually all of it was wasted on bioswales, streetcars and various other green elephants while key infrastructure was left to crumble. When people got tired of it, the city claimed it didn't have enough money and demanded more, This from a city that has a history of diverting funds from areas they promised in order to fund said various green elephants. Furthermore there actually was a couple of attempts over the last 15 years or so for a municipal wi-fi, each of which was an expensive failure costing the tax payers millions. Then there's all the hand outs to various corporate special interests in the form of huge subsidies and interest free loans to politically correct "green" companies. And then there's more hand outs in the form of urban renewal zones. So do I trust them to spend money? Not one bit, their track record speaks for itself.
 
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