Originally Posted by GregW
The adage “Get your own house in order before attempting to order others” is appropriate.
Well spoken, indeed, Greg. Nice turn on the phrasing.
The way I usually put it in the design/board meetings is, "Secure your own oxygen mask first before attempting to assist your children or others." Since most the folks in the meetings have done more than enough business travel, they could do the whole airline pre-flight safety speech by heart and recognize the concept quickly, and it gets a laugh without anyone feeling dumb.
I like the Jesus version -- get the log out of your own eye before getting the sty out of your brother's eye. But it is sort of clumsy and any Jesus ref tends to have religious pre-loading.
From most folks own perspectives just about everyone's view is correct in this thread as far as I can see. And I work this industry. You (Greg) hit it very correct that Capitalist types will not venture forward without likely return on Capital, as well as return of Capital. So they are ok for limited time and limited capacity projects, but you do not want to bet the farm on Wall Street and Vulture
Truly large projects like Hoover, Grand Coulee, as well as hundreds others including the Tennessee Valley Authority and Rural Electrification would not have existed without direct Government involvement, direction, funding and support. Even the new proposals for new Nukes are based on getting around 80% government funding. That is why the "free market" (phonies) contractors are supporting them.
I have worked in extensive detail in Power Generation Centers all across the US, and the truth is, in general the Government Operations tend to be much more competent, effective and efficient than private industry. No political interest from my end, just what I have seen and dealt with.