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Published by jack elliot

After the Berlin Wall came down and Germany had to re-unite the ex-soviet East Germany with the modern and industrial West, it embarked on a programme of refitting factories, upgrading infrastructure and bringing the standard of living in the east towards that of the west (it still hasn't equalised).

The cost is said to be $2 trillion.
Much of that was spent early, when a single $ or Deutschmark (before the Euro) bought much more than it does today.

And that was just for Germany.

Now scale that amount of work, which seems to me to be comparable: refitting an entire country) to the USA.

From East Germany's 16 million in 1990, to the USA's 330 million today (and forecast 440 million in 30 years time).

It would need $40 trillion.

Not two!

Two trillion is a good start.

But only for the first year. 

With 20 times the population, comes 20 times the cost (refitting homes, replacing transport, getting workplaces up to scratch) And to do that by the 2050 "deadline" will need the same amount of investment every year.

Increased for population growth and inflation.

However, the outcome for Germany was a reinvigorated country. It used to be called "the sick man of europe" and has since become the world's fourth largest economy.
However, it is not just the USA that needs to make this sort of investment. It will have to happen in every western country. To transform them into energy efficient places, based on carbon-free energy.

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