That's a public good that occurs if the government puts their thumb on the scale with subsidies or regulations, because otherwise the market can't get there itself (example: TSMC building plants in US only because of government incentive). But the Nscale case looks like private investors deciding this is the most profitable place to build it on the margin, which is anomalous.
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That's a public good that occurs if the government puts their thumb on the scale with subsidies or regulations, because otherwise the market can't get there itself (example: TSMC building plants in US only because of government incentive). But the Nscale case looks like private investors deciding this is the most profitable place to build it on the margin, which is anomalous.