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<blockquote data-quote="Dannyalcatraz" data-source="post: 6109331" data-attributes="member: 19675"><p>True, but the $6b figure assumes that the backers have a certain amount of access to technologies and liquidity. The <em>*ahem*</em> average billionaire might not have that kind of access without incurring massive startup costs. And willingness to spend that money is also a concern.* Partnerships alleviate but do not eliminate these issues.</p><p></p><p>The same goes for corporations. Sure, IBM or Apple or any number of companies could foot the bill here, but in doing so, they may well have to compromise their corporate secrecy to do so. And that doesn't even address the issue of exposing the company to shareholder lawsuits for investing large portions of the company's money in such a risky venture.</p><p></p><p>Nations, OTOH, have all kinds of advantages in such a project- economies of scale, taxation to raise revenue, sovereign immunity and powers like eminent domain or even nationalization (in the extreme).</p><p></p><p></p><p></p><p></p><p></p><p></p><p></p><p>* where I live, Jerry Jones convinced the city of Arlington to foot a good portion of the bill for the new stadium for his Dallas Cowboys with public money. I know for a <strong>fact</strong> that the new stadium could have been paid for by Jones out of the revenue stream from the luxury suites at Texas Stadium within 5 years. But why should he pay for something himself when he could get others to do so for him?</p></blockquote><p></p>
[QUOTE="Dannyalcatraz, post: 6109331, member: 19675"] True, but the $6b figure assumes that the backers have a certain amount of access to technologies and liquidity. The [I]*ahem*[/I] average billionaire might not have that kind of access without incurring massive startup costs. And willingness to spend that money is also a concern.* Partnerships alleviate but do not eliminate these issues. The same goes for corporations. Sure, IBM or Apple or any number of companies could foot the bill here, but in doing so, they may well have to compromise their corporate secrecy to do so. And that doesn't even address the issue of exposing the company to shareholder lawsuits for investing large portions of the company's money in such a risky venture. Nations, OTOH, have all kinds of advantages in such a project- economies of scale, taxation to raise revenue, sovereign immunity and powers like eminent domain or even nationalization (in the extreme). * where I live, Jerry Jones convinced the city of Arlington to foot a good portion of the bill for the new stadium for his Dallas Cowboys with public money. I know for a [B]fact[/B] that the new stadium could have been paid for by Jones out of the revenue stream from the luxury suites at Texas Stadium within 5 years. But why should he pay for something himself when he could get others to do so for him? [/QUOTE]
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