These projects rationally take over a decade to be self sustaining. However, much like anything the GOP disagree with, they want to sabotage and crush them, to stop it from spreading -- country and people be damned.
Why do you guys think they hate Europe and the rest of the advanced world so much? Because they know the second their base gets a taste of the lifestyle and perks realized by the people abroad, they'll never let it go.
You are right in also pointing out that this is exactly what Bain capital (i.e. Romney) did/do.
Do you mean the same 'lifestyle and perks' that Europe can't pay for and has put the economies of Greece, Spain, et al in the shitter?
Don't you mean hamstrung by the Euro and therefore unable to adjust their currency values, in order to adequately meet their liquidity needs?
You mean devalue their currency against the Euro??? They should have never joined the Euro if they wanted to be able to devalue at will. Defeats the whole object of the Euro. You do know that devaluing your currency hammers the fix income people such as retiree's???? A whole chain of events happens it's not as simple as just saying, "Ok we are going BK let's use inflation to get us out of the mess".
History tends to repeat itself.. telco companies know Internet is the new "railroad", but they don't want anyone else to be a part of it and want profits all for themselves-- much like the land grabbed from the Indians and others in the Manifest Destiny (comically portrayed in Blazing Saddles).
Not versus the Euro necessarily but to have a currency which the local government has control of.
Inflation isn't such a bad thing either considering it reduces debt that's in local currency, which is good for individuals.
Either way the point I was trying to make is that half of this mess comes from individual members not being able to manage their own cash flow, leaving them at a disadvantage... as opposed to platitudes about "evil socialism" -- Support Bacteria -- It's the Only Culture Some People Have