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Author Topic: Waste of money  (Read 103 times)

Ivo_B

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Waste of money
« on: September 22, 2019, 10:48:20 am »

Flanders 1988
The last coal mine closed on a huge pile of money.
It was said the money would be invested in new economic initiatives.
Today, more than twenty years later it is clear what the economic initiatives are.

The old mine buildings are transformed in museums or pleasure domes, places to spend the huge pile of money we are sitting on. Nothing to produce or created, only to spend money.

And when I thought I saw it all, local politicians and artists joined forces and came with a fantastic idea. Letís make a theme park and ask one artist to fill it with art.
12.000.000Ä later the park is open for public.
Iím sure the local construction companies earned something with this one time cost. I canít understand why politicians are so difficult in understanding the difference between a cost and an investment.
« Last Edit: September 22, 2019, 12:13:53 pm by Ivo_B »
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Slobodan Blagojevic

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Re: Waste of money
« Reply #1 on: September 22, 2019, 10:53:33 am »

What was the "huge pile of money"?

Ivo_B

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Re: Waste of money
« Reply #2 on: September 22, 2019, 11:32:23 am »

What was the "huge pile of money"?

The remaining capital of the coal company.

Same happened with the Cokes industry, closed on a pile of money.
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Ivo_B

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Re: Waste of money
« Reply #3 on: September 22, 2019, 12:13:08 pm »

But we have a dromedaris.
Thatís something I guess.
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