Imagine a world where the state owns a school demolition business. It roams the countryside knocking down perfectly fine public schools chosen by the state government. This company then sells the rubble to merchants. Not that anyone really wants to buy it, so the school-dozing company barely breaks even despite government subsidies. The obscene arrangement is justified on the basis that several hundred school rubble jobs are at stake. This is patently nuts. It is also the world in which we live right now.
We don’t really need to imagine that world – we saw something just like it in 2009 when the government went around knocking down perfectly good school buildings, didn’t bother to on-sell the rubble, and then rebuilt those schools. At the time this was called “economic stimulus”, now it is recognised as being an “obscene arrangement”.