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Comment by eynsham

The European Investment Bank provided €1.5b of funding.¹ EIB decisions don’t generally attract lots of attention from member states other than those concerned, since it is generally understood that the EIB is funding lots of projects in member states simultaneously. Similarly, the budget of the Commission and similar bodies will generally be set in advance, usually with a formal or informal understanding as to the broad distribution of funds between member states that will follow.

In any case, this project seems to me to be no more extraordinary than the redistributive effects of e.g. Medicaid or Pentagon spending, or the construction of Interstates. The Interstates, in the present US political environment, might indeed seem extraordinary; but the question is then not how one convinces people from state A to spend on state B, but how to convince people to make large long-term investments in the first place.

1: https://web.archive.org/web/20130111042126/http://archiviost...

parent eynsham 1 year ago

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