Most Useless Megaprojects in the World (Part 2)
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- เผยแพร่เมื่อ 2 พ.ค. 2024
- Abandoned, Delayed, and Failed Megaprojects. In this video, we go over the Most Useless and Expensive Megaprojects in the World including the World's Strangest Airport, America's Superconducting Super Collider, and North Korea's Hotel of Doom! For more Construction & Mega Project content be sure to subscribe to Top Luxury. Thanks for watching this video: Most Useless Megaprojects in the World
Check Out These Videos:
Most Useless Megaprojects in the World - Part 1
• Most Useless Megaproje...
Most Expensive Construction Mistakes in the World
• Most Expensive Constru...
Most Expensive Construction Projects Ever Built
• Most Expensive Constru...
Special thanks to The Proper People
/ theproperpeople
#Construction #Megaproject #Engineering
0:00 World's Most Useless Megaprojects
0:23 Arena da Amazônia, Manaus
2:50 China's Abandoned Ghost City
5:24 The World's Emptiest Airport
9:13 Superconducting Super Collider
12:54 Ryugyong Hotel, North Korea
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Do you know about similiar useless megaprojects in your country? 🤓👇
No
Idk
Yeah the Bataan Nuclear Power Plant in the Philippines it was completed but never fueled
Jawa barat international airport is pretty same with srilanka airport🚀
My life
I didn't know that Lionel Messi was the former Sri Lankan President
LMAO, whoopsie
Wow I didn't know that™
I really hope they don't change it. That was the best part of the video.
My favourite part of the video
Hahahah you are not joking!
Props to Lionel Messi for his Sri Lankan political accomplishments at such a young age
As soon as I saw this I instaintly googled it just in case. I almost die
😂srilankan political accomplishment era starts afer 70 years of age 😂
5:33 😆😆😆
Yep
Lol 5:34 Lionel messi.
Went to China for 3 months back in 2011, weirdest thing was driving through the countryside and seeing completely abandoned cities off the side of the highway. Complete with 30 story plus empty condo buildings with visible cracks and vegetation growing over them. Very strange. Best part of China was visiting Dali. Beautiful there.
I saw someone explaining that many of these megaprojects actually do have people who own the residencies, they just don't live there. It's a second or third property they own. And they continue building those for there's a huge market in development there, and many will probably have the means to buy a house in the near future.
@@Cecil_Augus , it's true that many Chinese bought these properties but won't live in them, because they are 2nd or 3rd house to them. They bought these houses believing that they will go up in values. As always, too many good things are actually bad for you. So, there is a property bubble busting right now, across China, mostly in the 2nd or 3rd tier cities. But, the government is stepping in to mitigate the problem by pricing laws.
@@Cecil_Augus Most of the so called "ghost cities" have since been filled. But people still keep bringing them up for some reason.
It's a very interesting example of sinophobia.
@@christopheroverbeck3662 Attempts to paint China as a failed thing are not just a few. Its prolly just another one of those. Westerns, specially english-centered cultures of the hemisphere see China as their main antagonist, so its expected that they will try to take away its merits as much as possible.
Such a waste of resources and precious farm land
My mother and her family hailed from Waxahachie (Texas), so when the SSC was set to be developed, the entire area was super excited. When the entire project was cancelled in 1993, it was a major letdown to the people that would've benefitted from it.
The closing of the SSC had adverse consequences for the southern part of the Dallas-Fort Worth Metroplex, resulting in a mild recession, most evident in those parts of Dallas which lay south of the Trinity River.
The SSC failed because of contractor greed. The project had minimal financial oversight. Contractors were spending immense sums on frivolous times with no concern for the overall costs. The real losers were the local communities and the scientific community.
Dude. You copied that nearly verbatim from Wikipedia. lmao
en.wikipedia.org/wiki/Superconducting_Super_Collider#:~:text=The%20closing%20of%20the%20SSC,south%20of%20the%20Trinity%20River.
Lionel Messi should stick with football and leave the building of airports to the experts
Lmao 🤣
Lmfao 😭😹
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th-cam.com/video/QyiKUO-gyg4/w-d-xo.html
Repent to Jesus Christ
“You, dear children, are from God and have overcome them, because the one who is in you is greater than the one who is in the world.”
1 John 4:4 NIV
Damn, Lionel Messi kinda looks like the former Sri Lankan president Mahinda Rajapaksa
Oh is Lionel messi the former Sri Lankan president
@@srilankanv1nce221 hahaha no he wasn't
@@moarx25 It's a joke.🤣
@@Desertfox18 Hahaha yep ikr
@@Desertfox18 woosh
What pisses me off isn't that they wasted billions, what pisses me off is how much nature got destroyed and nothing happened out of it!
China's debt trap .. hambantotta port
Chill
dead now doesnt mean dead forever. Whats a real waste is building a magnificent and massive stone railway station or skyscraper that could be standing for thousands of years only to tear it down to build a boring glass building.
chill
Nature? What about the deaths of all the slave labor building this crap?
It’s a shame so many resources were wasted on that Manaus stadium. I’ve been there before. The area is beautiful and the people there are so nice and welcoming. That money could have helped so many people there. They could have built tons of affordable housing or strengthened the transportation connections to the rest of the country to make trade easier and more profitable while also gaining better access to necessary resources. The Brazilian people deserve a much better government. Real shame.
That is why Leo Messi is considered the GOAT, he can handle 2 jobs at the same time
And be useless at both of them .
HAHAHA
I’m sorry I don’t get the joke
@@bazil4146 wrong name, check 5:34
@@southamptonfan3460 this aged perfectly PARIS OUT
It is absolutely amazing how most of these countries are able to spend all of this money on Mega Projects, but don't have money in order to take care of the citizens of the country.
The thing is, most of the time, it's not their money. Those mega projects in Sri Lanka are loans from China, thats where this money comes from.
@@geob1438 Right, but there in lies the problem. Government's can find money for mega projects and building infrastructure, but can't find money in order to help people achieve a better living status through different developmental programs.
the political party PT, commanded by LULA, is the one who embezzled the most money while in power. Leaving a billion dollar debt during his term.
It's called embezzlement, kickbacks, bribes and commissions where both sides the lender and lendee get money at the expense of taxpayers. Infrastructure projects is always a consistent source of government corruption because it's a manual process most of the time that's why bidding should be digitalized and transparent but most of the time it isn't.
Well, they have the money. They just don't want to.
Brazil's 7 - 1 defeat to Germany wasn't the only disaster to come out of the 2014 World Cup. England played a game at Manaus and the problem was how ridiculously hot it was, cities by the sea are cooled by the sea breeze, cities in land in the Amazon are heated nonstop by the ecosystem of the Amazon itself, as a result it was one of the worst games of football I have ever watched, 25 minutes in to each half they stopped for drinks breaks, by the end of the game it was like watching exhaustion trying to opperate..... plus England were crap that year anyway. I do hope Qatar has taken something from the experience and found a way to control the air supply
Air supply where?
This probably won't be seen by many but I wanted to throw out my compliments to you my friend -
You do not just put pretty pics up. You have actually done your homework on these projects.
Nice job ~
Personally, I don't think a moustache really suits Lionel Messi. He should shave it off.
yeah
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the superconducting supercollider sounds like something dr doofenshmirtz would build
😅😅
I heard 'superconducting supercollider' and thought of Sam Seaborn & The West Wing (the show)
You mean *superconducting supercollidinator*
Ah yes, the SSC, the cancellation of which essentially rang the death knell of science in America, kicking off a long tradition of offshoring American science, industry, and manufacturing.
With a self destruct button
The Cobalt Silverlink is apparently the biggest business estate in Europe but yet its virtually empty. Probably 20% if that is being used. Great race track tough. 👍
@5:40 lionel Messi - former president of Sri Lanka 😂😂😂
:O A new president?!!??!!?! My FaVoRiTe
Another big problem with the Manaus stadium during the 2014 World Cup is that it's the only stadium in the area. Of the other 11 cities, 9 of the venues were on the coast, one was Brasilia, the other was Cuiaba. It was almost 900 miles away from the nearest other venue and a nightmare to get to, if I remember the reports from the media correctly. When it rained heavily, the area was just about flooded.
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now imagine you put so much effort to organize the world cup and all you get is a 7:1 against germany, DAMN!
I bet if they held a gladiator type games like ancient greek it would get attention
@@MahoCan2158 lol
You'd think they would be smart enough to think things through before rushing to build a stadium (or anything else) in such a location. It makes you wonder why in the world they didn't build that stadium in a coastal area, too. I feel bad for the locals.
I'm so proud of Lionel Messi. He is truly an international hero.
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better appreciate the hard work by the blogger than criticizing an accidental error
He can be a world-class football player and the leader of a country at the same time... this is why he is the true 🐐
I pulled all my investments out of China 10yrs ago when the secretary mistakenly landed us at an airport 4hr drive away from where we were supposed to be. The entire 4hr drive was lined with half finished high-rise buildings on both sides. When asked the driver casually told us that they were never intended to be occupied.
Why did you invest in China?
@@user-wr8bs8vx9r had business relationships long time ago. It was very good for a time and even long after i ceased investing. I like to put in for long term and i just did not see that there.
You should include Bataan Nuclear Power Plant in the Philippines
Construction Cost : $US 2.3 billion
Issues:
1. Plant revealed over 4,000 defects.
2. Was built near a major geological fault line.
3. Close to Volcanic Mount Pinatubo.
5:35 - we discover that Lionel Messi is not only a fantastic soccer player, but that his talents stretch into politics as well… the man was the former president of Sri Lanka! You go boy!
That was back in his younger days before he became famous.
As a Brazilian I will say that our government is extremely proficient at wasting as much money as possible. Yet the school that I went to didn't have paper to print out activities
That's so messed up. The government obviously has it's priorities backwards. That seems to be the case in most countries, unfortunately.
FIFA is a huge corrupt problem in that mess. Why does Brazil need to build so many brand new stadiums? They had existing number of good sized stadiums already, and most people watch on TV dont care about anything beyond the soccer field. But FIFA officials get a bunch of side money and handouts behind the scenes for awarding all kind of construction projects to other corrupt organizations. Yes the government had a role in it, but so does the whole FIFA wheel of corruption.
Such as govts Go. too bad politicians didnt have to spend their own money which startingly was OVER-PAID To Them!!!!!!!!!!!!!!!!!!!!!
@Nomadcreations
The Nordic and Japanese governments are probably the only truly competent ones in the world.
People definitely died over those 'engineering problems' during the building of the hotel in North Korea.
I thought about the semiconductor before it was even listed. I remember how excited people were about that in the early 90s.
The Ryugyong Hotel was such an embarrassment for North Korea that for many years afterward, they would alter official photos of Pyongyang's skyline to not include the hotel. I'm not sure if they still do that now that there are LED displays on the exterior.
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Not anymore. It is even used to to show the national flag of the PRK on official fotos with its LEDs. Since its apparent second abandoment foreigners living in or visiting north korea have since spotted some progress here and there, like the official logo and name beeing added to the entrance. So it is to hope that maybe it might open soon. Especially after the PRK has completed a new international airport and almost completed a large tourist resort near Wonsan, they might reconsider or update their tourism concept.
@@StAngerNo1 North Korean "tourism" is simply a way for their government to try to trick foreign tourist into believing the reports about them aren't true and it's not as bad as people say by using fake civilians (which are actually actors/actresses) who pretend they're happy and living normally, while they only let you go to specific "tourist areas" so you can't see how the country actually treats its civilians lol
@@Cmarf2 Well yes and no. The primary reason for tourism was and will stay the money they bring. Tourism is one of the few branches that will bring dividends without having to provide anything to the outside. So tourism brings money, but the money they spend to make this possible stays inside the country. But sure, it is also part of their propaganda machiene and they pay close attention to what the tourists see and hear and bring to the outside. But it is not like everyone is an actor. When you visit public spaces most people there will be actual passerbys. If someone comes up to you or you are encouraged to talk to someone specifically you can be pretty safe that they will be actors, but most people are just "regular" people. But the "regular" means not "regular" as in average, since most people who live in Pyongyang or any other tourist area are already somewhat upper class. Of course you will not see any poor people, maybe with the exception of farmers in the fields while riding a train or bus.
The only "tourists" that visit NK are spies and those schadenfreude folks.
There are a few naive childlike tourists who feel for the people. The people could end this totalitarian playground anytime they liked. They like being subservient children. Enjoy.
As a brazilian, the entire world cup was a project failed, and the Amazonia's Arena is the biggest exemple of waste of money.
By the start, many citzens doesn't want the world cup on Brazil because of it's costs, but the president at the time says that private companies will build the stadiums and the governement will only invest on infrastructure like transport, airports or hotels. In the end, few private companies runs the construction and they get the money from loans or financing by state banks. The Amazonia Arena is constructed by the Amazonas state government.
I remember by the time it was finished, the governor of Amazonas says "the soutern people was jealous of the arena" because they will not pay itself by the time. In fact, the local football(soccer) teams plays on the lowest divisions of Brazil and the citzens of Manaus are more fans of São Paulo or Rio de Janeiro teams.
One year after the cup, the same governor admitted the stadium is a "White Elephant",as it cost of maintenance was high(about 200 thousand dollars per month) and it cannot self sustain, leaving the dept for the local governament to pay it.
And there is more useless megaprojects made in Brazil that can make a whole series.
In retrospect the 2010 World Cup in South Africa was a success! Only cost us $2b and most of the facilities are still in use. I know it's a low bar but it seems FIFA and the IOC duped a lot more people than us
Feels like hosting international sports events is more of an honor than an economic benefit. If I recall it right in the 20th century most countries are reluctant to host the Olympic Games because it hardly has any economic gain for hosting such huge events. Rich countries can still absorb the loss, but it's usually a heavy burden for a lot of countries.
I am far from being a physicist but, I do remember when Super Collider was set to be built, I was just a teen in high school, I was really excited about this. I’m disappointed to this day that they stopped the build.
In my fictional world, all projects in this video already finished and successful
nigga what does than mean
i`m from brasil and i can say that 95 per cent of our projects are much more expensive and useless than any other project in the world
Same story here in South Africa. We built stadiums for the World Cup in 2010, that now just burn tax money and never made money in the first place.
u forgot about russia)
Apparently all countries want to show as if they are kids with a new toy for it to be forgotten later
You're talking only about stadium for world cup. There's huge sucessfull projects in Brasil.
@@Gomitasd It's more than that. Politicians use the building of billions opportunity to steal from the people, by bribes from the construction companies. That's what happended in Brazil
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In September 2014, my Sister and I went to Beijing 🇨🇳 and took the bullet train to X'ian during the day. Passed a dozen ghost cities. Dozens of concrete high-rise unfinished at each one.
2 days later we returned to Beijing at night. Couldn't see the towers. But could see the open fires of groups of shacks.
Fabulous trip, Beautiful things, interesting history and guards ARMED TO THE TEETH EVERYWHERE.
@Ash bringer 😂😂
Thank you very much for this video. Apparently many countries should learn from this failures. Cheers from Indonesia.
Brazil had a lot of stadiums already, but apparently none of 'em were _"FIFA-grade."_ So, A lot of the taxpayer's money went to the renovations and also construction of this magnificent, useless stadium. Quickly, people started to demand _FIFA-grade_ hospitals, _FIFA-grade_ schools, _FIFA-grade_ highways, _FIFA-grade_ public services. Or even jokingly sayg the likes of "I ate a _FIFA-grade_ BBQ", "I need a _FIFA-grade_ sweetheart."
Then, more renovations and constructions for the 2016 Summer Olympics...
FIFA is like the Olympics a scam. The poor end up paying for such over hype garbage.
Who cursed Brazil so that they can win a World Cup anywhere except in Brazil?
Me thinks this a huge money laundering scam?
@@alanwann9318 I agree contractors etc.. a lot of very fat envelopes handed out
No one forces a country to apply... Unfortunately governmentsare too happy to host such money sucking events 😕
that ghost town looks like it could have been truly beautiful.
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@@devontewhite6080 spam bot
They can use it for films.
All they had to is put some factories, university or some attraction to bring people to that ghost town
@@btrueeth Covid gave the movie studios plenty of stock deserted city footage.
Good to see videos from the Proper People, I am a subscriber of their channel. That ghost city was a good video.
3:36 There's a partially abandoned mixed-use building in Kaohsiung, Taiwan/ROC that's literally named "City in a city" also (城中城 Chéng Zhōng Chéng), but the 'mixed' part of it is abandoned with only the apartments still in use today I think while it's movie theatre & shopping area isn't I remember. It was sadly hit with a fatal fire a few months ago believed to have originated from a prayer altar's joss stick possibly in an act of arson, help by clutter left in corridors by tenants/residents that sometimes couldn't be traced
It is amazing what you can spend on projects, with other people's money.
that’s me with my parents’ money
12:13 I like how you made it a sad face right there lol
Mattala Rajapaksa is now operational accepting about 1 chartered flight per day bringing in Russians to go to the beach. Hardly a flood of planes but at least it should be maintained and could one day get going.
I drove past it a week ago and it is looking pretty good.
Money wasn't an issue for the SSC. It was the fact that peace broke out in Europe with the fall of the USSR.
Russia,, the country at war trying to steal its neighbours country
Must have been tuff for Messi to lead Sri Lanka and Argentina at the same time! Kudos
5:36 7 ballon d'or and won the civil war. True GOAT.
The man's incredible and I didn't even know about the Sri Lankan stuff.
Greed, and/or hubris, seem to be at the heart of all these failed 'megaprojects'.
Is this the best time?
@@ericdouglas47 Living off Uranium stocks currently. It's fun
Congratulations
You know your airport is doomed when the country’s own airline stop using it
Well now all my abandoned pet projects don't look so bad in comparison.
12:00 I knew the SSC would be in here. I like the way you turned it into a sad-face smiley.
@5:37 Lionel Messi, Former President of Sri Lanka? Messi continues to impress both on and off the football field.
Even as a Sri Lankan & a huge fan of football😂 I did not know Lionel Messi used to be our president😂
That guy is really amazing you should be very proud.
😂😂😂😂😂😂😂
How u feel about this ? th-cam.com/video/7lwe0ZYD5CU/w-d-xo.html
🤣
be proud bro... at least we have Lionel Messi 🤣🤣 even the megaproject was abandoned
Love the proper people. Great channel
Lol for the Texas one I was like yay I can’t wait till this gets finished! And then I remember what this video is about
5:30 I didn't knew that Lionel Messi was a former President of Sri Lanka.
You have a wonderfully resonant voice - and "the lips, the teeth, the tip of the tongue" speech clarity to die for!
Lionel Messi, most ballon dor, greatest barca goal scorer, Argentina's national hero, GOAT in football and Former President of Sri Lanka! I learn something new today, thank you!
The huge amount of money spent on this projects could have been used to help ordinary people and public services.
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Just imagine how good the makeup-artists of Lionel Messi must be to make him look completely different week in, week out for the last 20 years.
bylo to velmi zajímavé vidět. díky autorovi😜
In Venezuela there are hundreds of useless or unfinished megaprojects worth $billions. Railways, water treatment plants, electric generation plants, electric substations, soccer stadiums with no teams, invaded buildings, expropriated buildings, state companies that never started production, expropriated hotels, etc. Even abroad the are abandoned megaprojects like an oil refinery in Cuba.
i've always had recurring dreams of exploring ghost cities and would love to sometime in my life
It would be even better if you could do it as a ghost tho.
It would be more better if ghost cities visit you instead.
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I would be interested in projects that are now used for very different functions than designed for, like unto the airport used for rice storage.
China has a habit of making useless project to debt trap poor countries like Sri Lanka and pakistan
The NSCR Project is Built by Japan, It is Now Useful and Cheaper Because Japan Builds Very Innovative and Efficient Megaprojects while The Northrail Project Built by China is Useless, Only Columns of Northrail Existed and Useless Before NSCR Started Construction
I agree, these projects can be easily reused for another purpose. For example that science project tunnel can be used as oil reserve
@@LevineLawrence Good idea. Levine Lawrence for President.
@@eternal2780 Only for Sri Lanka, Pakistan has never fallen in a debt trap
13:40 This building(The Westin Stamford Hotel in Singapore), of course can be one of the reason that pushed N.Korea to build this pile of ridiculous, but the biggest reason was the "63 Building(also known as 63 Square or Hanwha 63 City)" that was completed in 1985, in Seoul. The 63 Building was the record-breaker in "The tallest building in Asia", which was formerly occupied by "Sunshine 60" in Tokyo, Japan, since 1977. Since the 63 Building is 249 m tall, and the Ryugyong hotel was planned at height of 330 m, so if this hotel was built and opened in 1989, when it originally planned, it sure was recorded as the highest building in Asia for a while before the Bank of China Tower(367 m) in British Hong Kong was opened in 1990. Even after the plan was postponed to 1992, if it was completed following this revised plan, it could enjoy its glory as the tallest building in Korean Peninsula until 2017, when 555 m high Lotte World Tower was built in Seoul, but it was never happened. Now, in 2022, after 2017, South Korea built several buildings higher than 330 m, so Ryugyong hotel ranks 6th in Korean peninsula if it is considered as a complete building.
imagine in 30 years time the LINE will be TOP of the list.
its the height of a massive famous skyscraper (forgot what one) and that alone took 8 years to make, maybe if they have the people but still the total is something like 20,000 of those skyscrapers, there was a whole yt vid about it
5:24 I didn't know Messi was president of Sri Lanka
It's funny how in one part of the video it's said "ye, they built a ring near Geneva for only 5 billion" and a while later "to complete the north-korean hotel they would need 5 billion which is 5 % of the whole GDP of the country" 😃 Interesting, how the same amount of money seems unachievable for one country yet completely normal for another
I just wish they could just help the homeless ones Magdalena
First of all, the completion of the hotel requires 2 billion, not 5 billion and those 2 billions are 5% of North Korea GDP. which is very low from obvious reasons.
As for the the Hadron collider - it was not financed by one country buy the CERN members countries and some non members countries so it was so it wasn't such a strain on any country's budget.
You're comparing Europe with an anthill.
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The international science community is building an experimental fusion reactor somewhere in France.
I bet it'll cost a lot more than a mere 5 billion dollars, but I'm all for it to be honest as the developement of a sustainable energy source would instantly solve a lot of the worlds problems (as well as creating new ones but alas).
I find it sad that the SSC was cancelled, could have been a gamechanger if it was completed.
A massive hotel on the other hand in a country that isn't able to feed its population is a different story.
9:48 - Back around 1992 I got to spend a month in the Collider Detector Facility (CDF) at Fermilab, working to demonstrate a data collection computer after porting a million-line gigabit network driver (way before Gigabit Ethernet) to our operating system. The detector was being refurbished at the time, and it was open in the main bay and I got to walk past every day.
11Billion?
Elon Musk: fair amount i guess, ill take that
Seeing that Brazil stadium go to waste makes me appreciate South Africa's worldcup stadiums even more. They are centrally located and are still doing well more than 10 years later
In other states the stadiums are still used and in Rio the Olympic area is still used today
@@pedro.morais Okay that's better
Qatar is also making use of the stadiums after the World Cup.
@@eavocado5890pppj that’s what they always say but never happens
@@eavocado5890pppj Brazil loves football, Qatar does not
Messi A President???
We have one in The Netherlands. Lelystad Airport. Since its completion it hasn't been used because the government didn't calculate the amount of Co2 the airport would produce. So now the permit has been withdrawn. It's not sure if the airport will be operated in he near future.
One useless megaproject is my engineering degree
Las Vegas is full of failed mega-hotel projects. The Fountainbleau/Drew still isn't finished after almost 15 years, and only a fraction of the Echelon hotel site was just completed, more than a decade late, as Resorts World. The projected cost of both hotel complexes ran into the billions, ranking them right up there with the other projects on this list
I think unfinished mega hotel in Las vegas is a private own hotel. a private own spend money and not by the government funds. The videos topic is all about government spenditure and it's useless.
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If they were failed, they would never be completed. Echelon was completed after Genting took over and built RW, and Fountainbleu construction has resumed. You make it seem like this was a big abandoned town lol
So depressing to see all these huge losses
Brazil is awful, as is North Korea and China
Fucking politicians and their delusions of grandeur. Pick a spot on the map and and give them the money. Not accountable and gone in 4 years. China's waste is criminal and their sent is spiralling out of control.
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@@pyrobison2002 nah, as a Brazilian I can say our country is pretty beautiful. Our government is nowhere as bad as NK or China, though it's still extremely corrupt
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Lionel Messi as Sri Lanka Prsident was the highlight of the video.
I cant believe that the first one got 24 mil views and wasnt even on trending
My 10000 word essay thats due in 4 hours is a pretty good example of a useless megaproject.
How'd it go?
10000 words fuckin hell
yes i could never understand school.most of the time spent on things that were a waste of time.also after you have been to school for the day you need to do homework.
😂😂😂😂😂
College in general is a scam. Lol.
Time to bring all this projects back to life 🙏👁👁👁
Sitting here at home in Waxahachie, TX and I chuckled at your pronunciation, lol. Great video! For anyone curious, it's pronounced wox-ah-hatch-you
These videos are eye opening on how much money we as a world waste
If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key. 😊😊
I agree with you mate. Investment is the key to
sustaining your financial longevity. And not just any
investment but an investment with guaranteed return.
To earn more you are required to have a multiple
diversified means of income", which is why
Investment is an avenue of making more money once it's profitable.
Most failures and loss on Investment usually
happens when you invest without proper guide and
the analysis of the profit and risk percentage of the Investment.
So how do you get your proper guide and the analysis you mentioned? Because have incurred huge losses while investing by myself
it's safe to have an investment manager who has vast knowledge about Investment, to make you profits from your
Investment on your behalf while you monitor the
Investment growth.
Population will grow until the abandoned citys will be needed
Brazil needs to focus on preserving the natural beauty of the Amazon, but needs to make these rivers more navigable to justify development and investment. And they can do it. Build infrastructure along the river. Add security. Bring programs to indigenous residents and pave the way for further growth of cities located on the river. No reason why today this hasn’t been done.
As I see it, the majority of these failures comes from the egotistical desires of politicians who want something to mark their success, usually at the cost of some other country's success. The empty airport was an obvious attempt to make its leader look good and its failure made its leader fall by the wayside. The idea and fate of the Hotel and the SSC were surprisingly similar in that the political will was based on making something bigger than anything else, whether or not it was needed, a problem that the US and North Korea have indulged themselves in over many decades.
@@greziakoply9555 you're the one that needs water, and boiling water at that.
The SSC would have actually been very useful if it had been completed as planned. It was just way too ambitious for its time, with collision energies three times higher than the LHC is capable of. As much as the LHC cost, it saved a lot of money by reusing an existing ring tunnel. But you are right that national pride played a role both in the motivation to build the SSC and its eventual demise. Whereas the LHC was funded by dozens of countries (via CERN) and therefore never had nationalistic overtones, the "make America number one!" jingoism attached to the SSC turned off almost every potential international partner.
The SSC was needed.
You literally just described humanity - "the majority of these failures comes from the egotistical desires of politicians who want something to mark their success". I can guarantee you pretty much everyone wants to "mark their success"
Politicians always been the problem and always will be. If covid hadn’t show you this already
Looks like Indonesia shared the same fate as Sri Lanka. Our government built a super expensive Kertajati International Airport that cost more than 180 million dollars. Construction was finished in 2018, but it rarely served any flight. The airport is located in the small town of Majalengka where population is pretty small, and most of them can’t even afford an airline ticket. The town is also near to Bandung, a mega city that already served a major airport in the region. Eventually, Kertajati Airport only operate some cargo airlines. And since the Covid-19 pandemic, all service were stopped. Now, well, you can say it’s just an empty luxurious airport. Not to mention numerous corruption scandals behind the project. 🙄
It's a classic problem of Indonesian government, they know how to build but they don't know how to maintain and make it usefull. Like Brazil, Indonesia have some big stadiums that build for national and international sport multievent, after the event finished they have no idea how to manage their stadiums and it's start abandoning.
Sebenarnya pembangunan kertajati menurut gw adalah pembangunan untuk masa depan, maksud gw adalah jabodetabek mengandalkan 2 bandara baik Halim perdana kusuma & di tangerang banten. Menurut gw itu terlalu rakus dalam kawasan jabodetabek. Gw tinggal di kab bogor anggap saja bandara halim kusuma saat ini dibangun & gw ke bandara tangerang banten gw ada 2 pilihan mau lewat parung/full tol jagorawi dst. Gw lewat full jagorawi mobil pribadi hampir 4,5-5 jam gilanya macet jagorawi lalu tol dalam kota belom seterusnya, gw bener2 stress! itu gw otw abis solat subuh. Jujur gw ke bandara kertajati gw berani taruhan ke bandara itu hanya 2,5-3 jam saja karna ke arah jateng pagi2 masih sepi ketimbang ke arah dalam kota jakarta, kenapa gw berani dalam taruhan itu? Gw pernah tembus ke kab sragen hanya 6-7 jam aja, apalagi kertajati itu hal biasa. Dan menurut gw lebih baik bandara halim perdana kusuma ditutup saja terlalu rakus menurut gw dalam kawasan jabodetabek ada 2 bandara. Percayalah bandara halim perdana kusuma & bandara husein sastranegara ditutup "total sepenuhnya" ditambah tol cisumdawu udah jadi, bandara kertajati akan layak jadi persaingan ketat dengan bandara tangerang banten. Tempat strategis antara jateng jabar pantura dekat + team selatan apalagi cianjur sukabumi hanya via bandung lebih bernafas lega ketimbang ke bandara tangerang banten. Pariwisata industri baik pangan tekstil akan naik drastis kalo memberlakukan kedua yg gw sebutkan!
Do you both get investment funding from Chinese mega-corporations
The Line getting in the line for this compilation:
Love Messi”s mustache 😂
For me, from the USA, the largest current megaproject is our present preoccupation of nominating and electing candidates for political office who are: 1) incapable of understanding and/or carrying out the duties of the office, or 2) too disinterested in the duties of the office to bother with actually performing them or 3) too corrrupt ever to have been entrusted with the duties anyway. By extension, these points apply to private leadership posts as well.
The problem is, as people the world over we have not been able to change the way we choose our 1. Democracy 2. Leaders 3. The "powers" we give to these leaders for over 100 years.
You mean to tell me that most people who choose to be politicians are not CRIMINALS.
Your top court allowed such a waste of money. it now billions paid you get negative results. it free enterprise running the country the middle class and the poor are the losers.
@@kabelompe4334 Businessmen = Criminals on some lists...
i don't know if i've ever heard of a project that didn't run comically over budget.
"this 500 billion dollar project was originally estimated at just $2. two entire dollars."
Exactly my thoughts 🤣🤣🤣
Honestly it's because these projects aren't actually estimated; if governments select the lowest bidder you are guaranteed to have "cost overruns".
everytime I hear about a project costing 5 billion dollars and it going over budget I always remember this... I was quoted 2k for my bathroom to be done and because of costs being "ran over" I paid 4k. 5 billion dollars is a LOT of money. Someone and multiple generations of their family screwed the taxpayers.
The United Kingdom's HS2 railway. It will cost well over £100bn and link only London and Birmingham, saving at most 20 minutes on the journey. No-one will want to travel on it, as the tickets will be hugely expensive and many business meetings are now done on Zoom and Skype. There has been much talk of cancellation but the Government seems obsessed with the project.
In the case of the SSC, we find an ugly case of «to soon to speak about it» overlapping «to late to change it». The magnets could not sustain the stress of the magnetic fields that they produced. That caused them to twist and bend, causing the beam to get badly defocused. That was found when the first one got tested, AFTER over 1000 of them got delivered. They had to be sold as scrap metal to alleviate the sunk costs.
The hypocracy of the politics around the SSC is that Congress spent the money on other stuff due to the anti Texas attitude prevalent then. The Texas economy was doing well while the rest of the country was not so good.
@@THEDFWKID Texas couldn't step up. Oh well... US economy was doing quite well in the 90's.
I agree, however I chuckled when they mentioned International Space Station as alternative scientific project. That is true waste of money with cost of $4 billion a year now way over $150 billion in total and as far as I know there is no significant scientific breakthrough stemming from ISS.
For the cost of ISS we could have coliders, fusion reactors, experimental 4th generation nuclear reactors and on top of that dozens of manned and unmanned space exploration missions. What a waste.
@@j.vdubois5074 Do you realize that the weekly military budget of the U.S.A. alone is similar to the total investment put into the ISS ?
You should know that those $150 billions are distributed across over 20 countries.
$4 billion is LESS THAN the DAILY budget of the US military budget.
Now, that military budget IS A MASSIVE WASTE. The return on that budget is about $0.02 per dollar.
There may not have been scientific «breakthrough», but, there have been ongoing scientific ADVANCES.
I'd like to know how these budget shortfalls compare to other big subterranean projects in the U.S., such as the new subway extension in Manhattan, or the Big Dig in Boston. Apparently many similar tunneling projects have been much more expensive when undertaken in the United States compared to in European or Asian countries. What's up with that?
Building those stadiums is a waste of money. Usually, after the end of the World Cup, it all falls apart, as they no longer serve any purpose and are very expensive to maintain.
Very informative, thank you!
Lionel Messi made my day. Thank you Messi!
That was cool that he started today’s list at the number two spot. 15 minute video and they couldn’t catch that 😄
The Ryugyong Hotel in North Korea looks like Kim Jong Un is trying to hide a Spaceship🤔🤔
When you order a SpaceX Starship on Wish😂
they purposely made that Messi "mistake" to generate engagement. it worked so, good on you Top Luxury!
You get it. Because who doesn't rewatch their videos before uploading
Can't wait for Mexico to appear in these vids. We are currently building three doomed mega projects all at once.
05:35
best part of the content!!