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85 sats \ 1 reply \ @freetx 15 Jan \ parent \ on: Mississippi River Bridge decision may not come for another two years, LA DOT Construction_and_Engineering
This is why long term / large scale projects can no longer be accomplished. Inflation of material and labor cost grows faster than the capital they raised...this is in contrast to pre-1971 when large scale projects could still be accomplished.
A related tangential item is, you can see this in construction in general. Go to a city center and check out the buildings....the new construction buildings are easy to spot vs the buildings built with commodity-money.
Nearly all buildings built today are more or less 'disposable'....gone are the giant stone buildings.
Yeah it’s hard to preserve capital for major civil projects. Part of my goal with this territory is to show how bitcoin can be that capital to preserve the purchasing power for large civil construction projects.
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