Dwarkesh Hirani

First of all, actually, why is it the case that these investments aren't productive?

Because it's not like it's entitlement spending where you're doing it for, I don't know, old people.

But then at the end of the day, you're not getting any return for it.

Theoretically, these are like you're building real bridges.

You're building airports.

So why aren't they productive?

And then what does a solution at this point look like?

Can I ask about this?

Yeah.

If the reason that the provincial leaders kept doing this construction was because they want to get promoted and they want to get, you know, GDP numbers on the book and government spending now is as the GDP, even if the ultimate thing you're building is not that productive.

But then the central government has had a problem with this for a while.

And then they think this is fake.

They don't want to keep this fake growth going.

And they see the local debt numbers.

Were they still promoted nonetheless?

Why were people doing this?

Who was the person who created?

And also, a lot of these people got arrested in the aftermath, right?

So they weren't promoted.

They were actually arrested.