Monday, April 09, 2007

Government guaranteed investment

Every thinking person since the dawn of history knows that good intentions provide the fodder for the greatest waste and disaster .

When ministers of the people play merry careless hell with tax incentives its even worse because they start a drip feed they can't stop .Sure they get results but not ones that put plannattaions where they make the most sense. The market will decide they say hypocritically knowing that tyhe taxincenetives make such discretion unlikely and maybe even uneccsray - they can afford the best land when theu need to use the marginal land .
MIS will be one of those types of investements because it fits the bill of goverenment guaranteed = giuranatedd that by the time the goverenmnet realises the long trem rate of return is sus and all the the smarties ( managers ) who run them , have made their killing,
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Thwaites was as keen on the idea as Hawker was and thats the rub - they are only bubs . They did not throw their own money but allowed billions at a rash of rural invetsement that t will do little to reteurn anything like a good return to invetseors in the long term . Good intentions that slash and burn the rural areas where they are now located.

With care these wannause power merchants might have encouraged the david jenkins of this world to add value to their farms . Now we have a hotch potch of monocultures and mediocre products that are unlikely to ever pay for themselves

Pay for themselevs in ways which unlitimately goverenmnets are supposed to manage money.

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