China’s “Belt and Road Initiative” is famous as an extension of their domestic infrastructure investments, but Russia is also investing heavily in infrastructure. Both countries need to do it in order to improve the future for their respective populations, and both Governments have avoided the Western development model of going heavily into debt in order to pay for creating and maintaining infrastructure. Both are, in fact, exceptionally low-debt Governments.
According to the “Global Debt Clock” at Economist, China has a public debt/GDP of 17.7%, and Russia’s is 8.0%. For comparison, America’s is 93.6%. (Others are: Germany 85.8%, Spain 91.2%, Italy 122.6%, Greece 147.1%, India 54.2%, Pakistan 47.0%, and Brazil 55.0%.)
The United States isn’t going into public debt in order to finance building or maintenance of infrastructure, but instead to finance expansions of its military, which is already (and by far) the world’s largest (in terms of its costs, but not of its numbers of troops).
While the US Government now spends around half of the world’s military expenditures and plans to conquer Russia, China, and all countries (such as Iran and Syria) that cooperate with those ‘enemies’ (and please click onto a link wherever you question the truthfulness of an allegation made here), Russia and China plan to improve their infrastructures, in order to boost their national economies and to minimize the impacts that (the mainly US-caused) global warming will have. These infrastructure projects are optimistic and long-term expenditures, which are being planned and built only because the countries that the US aristocracy are targeting to conquer, expect the US aristocracy to fail to achieve its clear #1 goal, of controlling the entire world and conquering them — of America’s rulers finally achieving the global fascist empire that, in World War II, Hitler and the other Axis powers had been hoping to become.
By contrast, US infrastructure is rotting; and, while every recent US President has promised to reverse that decline, none has done anything significant to repair this nation’s rotting infrastructure — it has always been just talk and empty promises. A nation that spends over a trillion dollars a year on ‘national defense’ can’t have much left over to spend on things that ‘can wait’ — such as repairing its bridges, roads, etc. — and so those repairs do wait, while even more money, than before, becomes devoted to purchases of new weaponry, such as the F-35 program. . .