INFRASTRUCTURE SPENDING But infrastructure spending is also very capital intensive (i.e. expensive), and the benefits generally only become tangible beyond the life of a single electoral cycle, which creates a key headwind in this modern political era of short-termism, where personal political gain (re-election) has long taken precedence over serving national long-term national interests. However political trends are to an extent reflective of the broader trend towards the ‘financialization’ or ‘commoditization’ of everything, above all the accompanying focus on return on investments (ROI) and capital (ROC), and the short-term focus on quarterly corporate earnings and performance reports as yardsticks of success. Inevitably this leads to a greater focus on linear and solutions oriented thinking which will tend to overlook or ignore systemic and lateral thinking considerations, above all the complex ‘interconnectivity’ of supply chains. The pandemic and Russia’s invasion of Ukraine highlighted the fragility of globalized supply chains and ‘just in time’ production management, the latter having now given way to ‘just in case’, despite the associated increase in costs.


THE ENERGY TRANSITION AND THE DRIVE TO MITIGATE THE IMPACT OF CLIMATE CHANGE IS PERHAPS THE BIGGEST INFRASTRUCTURE CHALLENGE THE WORLD HAS EVER FACED.


24 | ADMISI - The Ghost In The Machine | Q3 Edition 2024


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