Mediterranean Hegemony Road

Chapter 8. The Power of Capital

After the auction, Constantine, who was in a good mood, personally attended the evening banquet and had a close communication with the capitalists who participated in the auction.

Of course, that's all. In order to prevent the collusion between officials and businessmen, the Bulgarian government prohibits in-depth exchanges between officials and capitalists. Naturally, Constantine will not really become friends with the capitalists.

He attended the banquet in person, nothing more than to show goodwill to the Russian capitalists, saying that the Bulgarian government would treat them equally and would not suppress foreign capital.

As for preferential treatment? I'm sorry, Bulgaria has never said preferential treatment of capitalists, not at home, and naturally not abroad!

The Russians are well aware of these situations, and the economic integration of Bulgaria and Russia is not just a slogan. Before the outbreak of the World War, the economies of the two countries were truly integrated.

Now, of course, it has been divided. Taking advantage of the opportunity of the world war, the Bulgarian government has taken over more than 90% of the country's enterprises. It is not easy to adjust it? \u00261t;i\u003e\u00261t;/i\u003e

More than two years have passed, and the economic ties between the two sides are naturally not that close, but the disconnection is still indispensable.

Bulgaria's economic policies have always been the object of criticism by Russian capitalists, especially the government's forced intervention in the market, and the strict corporate laws and labor protection laws are all they hate.

But now they want the Bulgarian laws to be stricter, because although these laws harm their interests, they also protect their interests!

It is precisely because they know too much that the Russian capitalists dare to invest their capital here. If there was no Ferdinand's butterfly effect, most of them would fall under the butcher's knife of the Soviets, and most of the rest would end up in the United States, and in the end they would basically be devoured.

...

Constantine said happily: Your Majesty,

Here are the details of our auction, which was 15% higher than the Treasury had estimated, raising a total of 5.75 billion levs (about £230 million)! ”\u00261t;i\u003e\u00261t;/i\u003e

Ferdinand smiled and nodded, took the document and looked at it carefully.

For the government, it doesn't matter whether these enterprises are all in their own hands! Even if they were sold to capitalists, these factories remained in Bulgaria and would not affect Bulgaria's national strength.

Instead, the government is freed from these burdens, and can also recoup a sum of money through auctions to invest in new areas of state-building.

This is the helplessness of state-owned enterprises. They have many advantages, but there is only one real fatal disadvantage—economically uneconomical!

Many companies that can make money in the hands of capitalists will lose money in the hands of the government. No matter how strict the supervision is, as long as it is not a profiteering industry, he will lose money!

If it wasn't to ensure the government's control over the country, Ferdinand would not mind turning all state-owned enterprises into private ones, so that the annual tax revenue could increase a lot. \u00261t;i\u003e\u00261t;/i\u003e

Of course, just think about it. If all of them are sold, there will be a big problem in keeping them!

For example, the Bulgarian Railway Company, if it is handed over to the capitalists to operate, it is estimated that the profit can be increased by three or five times, and the consequence is that many unprofitable railway lines will be suspended.

But these routes that have no economic value, since they have been built, are naturally for national defense and security. For the government, the military value is often more important than the economic value.

There is not a lot of information. After a cup of tea, Ferdinand read the information and said with a smile: Well, not bad! This time, the restructuring of state-owned enterprises is progressing very smoothly, but you will continue to improve in the later stage. Guarantee the smooth handover and transition of the enterprise!

Yes! Constantine replied

After thinking about it, Ferdinand asked with concern: How will your government plan to use the funds from the sale of the company?\u00261t;i\u003e\u00261t;/i\u003e

For a country, the money in hand is not money, it is the real money only when it is spent and it produces benefits!

Constantine replied confidently: Your Majesty, the government plans to invest this money in infrastructure construction, which mainly includes three aspects:

First, the Balkan Ring-Island Railway Plan, connecting all the Balkan Peninsula with railways, mainly Romania, Transylvania and Bosnia and Herzegovina, the Ministry of Communications expects to build 12,000 kilometers of railways before completing this plan;

Second, the Asia Minor Peninsula plan, we will continue to build the Baghdad railway that the Germans have not completed, and extend it to the Persian Gulf region. If the branch lines along the way are counted, the total mileage of this railway will reach 42,000 kilometers;

Third, land reclamation. After the end of this world war, our government has added a lot of land. To open them up, capital investment is indispensable in the early stage! ”\u00261t;i\u003e\u00261t;/i\u003e

Sure enough, the money is still so useless! There are tens of thousands of kilometers of railways to be repaired, and hundreds of thousands of square kilometers of land to be opened. This huge sum of money was quickly swallowed up.

Even, Ferdinand thought that even if he sold all the creditor's rights for the war reparations, the money he got would not be able to withstand the government's tossing, and there was no way who would make him want to open Asia?

How can the cost of operating a colony as a homeland be so low? A traffic problem alone is enough to crash!

Fortunately, Bulgaria is also a big business now. Unlike in the past, when building thousands of kilometers of railways, you have to raise funds everywhere. Now, there are tens of thousands of kilometers of railways.

Ferdinand nodded. \u00261t;i\u003e\u00261t;/i\u003e

The railway exploration work in the Balkans is still very easy to complete. After all, the previous Austro-Hungarian Empire also had a similar railway plan and had already built a part of the railway. Now what Bulgaria needs is to connect these branch lines in series.

The Asia Minor peninsula, Syria, Palestine, Iraq, and the Persian Gulf are in big trouble. The poor railway left by the Ottoman Empire can be ignored, even if Ferdinand is demolished.

If within five years, Bulgaria can repair the main railway line to the Persian Gulf, Ferdinand will give the Ministry of Communications a medal, and within ten years can penetrate the Arabian Peninsula, then this century will be the century of Bulgaria!

At present, Ferdinand is not sure whether it can be completed. Now it depends on how powerful the Bulgarian bureaucracy is. If they can maintain the fighting spirit they had when they built their homeland, then this problem will not be a problem! \u00261t;i\u003e\u00261t;/i\u003e

Constantine replied immediately: Yes! Please rest assured, Your Majesty, we will definitely implement it as soon as possible, and strive to start construction before the end of the year!

Ferdinand thought for a while and added: The government will prepare a new five-year plan. If there is no accident, we will be able to sell our debt within this year!

How much money does it do, that's the status quo of the Bulgarian government! It's not that Ferdinand didn't want to make the Great Leap Forward, but he really didn't dare!

Blindly developing the industry, other industries in the country did not keep up. When the economic crisis broke out, the company suddenly lost the overseas market, the domestic market did not grow again, and the government still owed a huge amount of foreign debt. The consequences are simply unimaginable!

According to Bulgaria's national conditions, once the fatal economic crisis occurs, prepare for war!

Ferdinand is not afraid of war, but the question is who to fight with? What good is it to win? \u00261t;i\u003e\u00261t;/i\u003e

What Ferdinand can be sure of is that he can't fight with Britain and France!

First, the two sides do not have enough conflicts of interest; second, no one can do anything to the other.

This is determined by geopolitics. Bulgaria cannot hit the mainland of Britain and France, and Britain and France have no strength to hit the mainland of Bulgaria. Apart from adding an enemy to the war, there is no substantial benefit!

Perhaps the Suez Canal looks delicious, but it is a pity that Ferdinand doesn't think Bulgaria can break through the Royal Navy's blockade, referring to the naval strength of both sides.

This is troublesome. After finally grabbing the canal, in the end, there is no way for free navigation at all. Why don't you dig another canal yourself? Why go to war?

Since there are not enough interests, and there is no way to win each other, such a war is naturally impossible! \u00261t;i\u003e\u00261t;/i\u003e

The rest are the Austro-Hungarian Empire and the Russian Empire. If the Russian Empire has been in constant civil war, then there will definitely be no fight between the Bulgarians and Russia, and Ferdinand will not be so kind, creating a chance for them to reconcile. .

And the Austro-Hungarian Empire has no offensive value at all. It has defeated the Vienna government. Apart from facilitating the rise of the Germans, Ferdinand has not found any benefits!

This is embarrassing, what should I do if I can't find an enemy?

If the contradiction cannot be transferred, then there is only the last way to digest the contradiction internally!

Considering the risk of this operation, Ferdinand decisively chose sustainable development. After all, it is easy to provoke a class struggle, but it is difficult to deal with the aftermath.

To put it simply, it is to rationally arrange the country's infrastructure construction, and to carry out infrastructure construction within the scope of its own capabilities.

Then, when the economic crisis hits, Bulgaria can continue to build infrastructure to ease the pressure. If it doesn't work, Ferdinand can still drive in Africa, and if it doesn't work, he can still play tree planting and afforestation to ensure employment!

The premise is that the government cannot owe huge debts, be kidnapped by capital, and then be loaded into a chariot!

Specifically, you can refer to the Germans in World War II. No matter whether there is Hitler or not, they will provoke wars, and the capital behind them is forcing them to go to the battlefield. This cannot be changed by individuals.

Bulgaria was also pulled aboard by the capital in World War I, but because the interests were large enough, Ferdinand gave a half push and joined in.

Forget it again!

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