[BurningFrog]

That's how government works everywhere, to some degree.

The planning horizon does not stretch further than the next election. For long term projects, private entities do much better.

[narrator]

What about China?

[clock_tower]

Or old-fasioned kingdoms and monarchies. A number of English kings underwrote the wool trade; in general, the smarter sort of king tended to take an interest in improving his country's manufacturing and agriculture.

[BurningFrog]

They do have different planning horizons.

The lack of accountability in a dictatorship might offset that. I have no way of evaluating that.