A "boondoggle" requires the presence of government money. Fortress Capital proposes to do this the traditional capitalist way. It may succeed or it may fail. Failure is a great teacher.
“A “boondoggle” requires the presence of government money. Fortress Capital proposes to do this the traditional capitalist way.”
Sorry, “capitalist” or not, it will be a boondoggle grant to the engineering and construction outfits (the big money pushing for it) that will get paid, whether the high speed rail company investors do or not. The “infrastructure” magnets are the true and possibly only big beneficiaries of these BOONDOGGLES. And “capitalist” or not they have pols cheerleading as well (and getting new campaign contributions for their cheerleading). And when the “private” venture fails, watch how fast the “consumers” using the venture push their politicians to rescue it - after all.