House of Paine

bureaucrat capitalism?

" think of the party
  as the Chinese bureaucrat capitalist party....."  

"It has nothing really to do with Communism. anymore..."
                                              A Pundit 



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     so whats bureaucrat capitalism ?

"the state "
      stepping in.........

as  in 
besides venal rent extractions
of the parasite kind 

being 
the Rx for stuff like this....


"A new 1,400-megawatt nuclear power plant
 is going to cost about $2.6 billion," 

 "It is going to take 6 1/2 years to build.
 While you are building,
 you have to issue equity, 
you have to service that equity.
 You have to issue bonds;
 you have to service the bonds 
 You don't have any money coming in
 You have an average of $1.3 billion out 
for 6 1/2 years that is not earning anything."

"the private sector is never  going 
       to build anything
  under those financial conditions"