Question

In the video on "Public vs Private Sector Investment", what were the two examples given where massive gov't investment failed, while people using their own money (a tiny fraction as much) succeeded? ____________ and _______________

What key factor is cited for Mexico's economy under performing relative to the US economy? _______________

Link to video: https://www.youtube.com/watch?time_continue=348&v=0Xg4Uq1W4L8&feature=emb_logo

Answer 1

1. The examples used were of, first, the Union Pacific and James J. Hill - in which Union Pacific with huge federal funds did a poor job at building the rail roads while James J hill built the northern road efficiently with very less money. The second example was, airplanes - where Langley backed with the whole government failed but Wright brothers with 2000 dollars succeeded.

** The video ends with the two examples. There was no discussion on Mexico. Please recheck and see if another video for the second question is applicable. Thank you :)