New Railway Line
- Thread starter R2D2
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You seem to think Human Capital is an exotic phrase. It is not:
What Is Human Capital?The term human capital refers to the economic value of a worker's experience and skills. Human capital includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.As such, it is an intangible asset or quality that isn't (and can't be) listed on a company's balance sheet. Human capital is perceived to increase productivity and thus profitability. The more investment a company makes in its employees, the chances of its productivity and success become higher. |
Human Capital Definition: Types, Examples, and Relationship to the Economy
Human capital is an intangible asset or quality not listed on a company's balance sheet. It can be classified as the economic value of a worker's experience and skills.
What I am talking about is the Biden Administration propaganda that countries don't need infrastructure, it needs "Human Capital."You seem to think Human Capital is an exotic phrase. It is not:View attachment 956694
What Is Human Capital?
The term human capital refers to the economic value of a worker's experience and skills. Human capital includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
As such, it is an intangible asset or quality that isn't (and can't be) listed on a company's balance sheet. Human capital is perceived to increase productivity and thus profitability. The more investment a company makes in its employees, the chances of its productivity and success become higher.Human Capital Definition: Types, Examples, and Relationship to the Economy
Human capital is an intangible asset or quality not listed on a company's balance sheet. It can be classified as the economic value of a worker's experience and skills.www.investopedia.com
This is the idea that one should selectively default on Chinese highly subsidized loans and Chinese high subsidized infrastructure projects while also forcing the Chinese to "teach you industries."
This is total nonsense.
A country cannot simply learn a new industry for free overnight easy-peasy.
For a country to learn new industries, they need to pay the cost of tuition in terms of capital, human effort, efficient government planning, etc.
It's obvious where the propaganda narratives come from, people are simply too incompetent to reverse engineer those narratives to find what their actual goal is.
The U.S. is projected to spend ~369+ billion USD in the "Inflation Reduction Act" in their quest to replace their Chinese provided renewable energy with local ones.
The U.S. is projected to spend ~280+ billion USD in the "Chips and Science Act" in their quest to reduce their reliance on chip imports slightly.
In actual reality, developing the industrial know-how to even have a chance to build a globally competitive industry is extremely expensive.
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It is not Biden administration's propaganda. Reagan was advocating it in the 1980's - His famous quote being "Give a man a fish you feed him for a day. teach a man to fish, you feed him for a lifetime".
In the case of railways, after laying tracks, maintenance of locomotives will be a problem. Pakistan can't use electric locos because people steal cables. Diesel electrics require high skill for maintenance and hence they will be out of service quickly.
Different propaganda narratives are used differently at different times.
One needs to drill down to the actual brass tacks to get the real story.
If one does not extract the real story, one will simply be a puppet to whatever the narratives want you to do.
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