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I would suggest that the 'damage' largely consists of the capture of government by an elite intent on wealth extraction and capture first and foremost. So, if the houses get built that elite will want to insure high economic rents accruing to them from that result, but, more likely, they will identify ways to extract more wealth more quickly from other 'investment' and the rest of the economy can go to Hell.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Aug 6th, 2013 at 01:54:07 PM EST

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