Not sure if this is the right place to ask an econ questions such as this, but I hope with a bunch of analytic minds, we could have some sensible answers in this convoluted scenario and avoid double counting things.
I will be using real life numbers since it has been a real life phenomenon:
Suppose a group of people with large capitals got together in the mid 2000s and decided to start/expand a new industry. Over a period of 10+ years they invested over 4 trillion dollars (yes this is very close to the reality) into this industry; the industry as a whole grew at an exponential rate and captured the minds and hearts of the public.
It is estimated that each 1 million dollars of investment resulted in 7 workers being hired so 4 trillion dollars led to 28 million jobs worldwide cumulatively. A network of supply chains worth perhaps 100s of billion dollars had also been established during the time frame. (The investments required to establish the auxiliary businesses are unknown but likely a few trillion dollars as well)
The only problem, is that the industry (both primary and auxiliary) hasn't made money. On the rare occasion that it did, the margin is so tiny it is practically negligible compared to the original investment.
My question is, are the benefits of 28 million jobs and their multiples enough to offset the "waste" of the initial investments. Moreover, would it be better, if the investments had been made elsewhere, say, in a more established industry which would have generated 30% inflation adjusted return and created 10 million jobs (wages being 50% higher) worldwide cumulatively.
Thanks.