Private Capital vs Central Planning
Private Capital vs Central Planning
Private Capital vs Central Planning
I live in a national park and the Govt just awarded a contract to a private company to build a fiber line to the villages for high speed internet, and the company building the thing will own the network while the govt is stuck paying the bill forever. So stupid imho. No private company should own a network that exists entirely on federal land, and everyone depends on .
Wait, you live IN a national park?
God damn that sounds awesome. But yeah, the private fiber line sucks. Same happening in my country with most "last mile" connections belonging to exactly one private company. Whereas our neighbours to the south (Latvia) nationalized the entire network and everyone benefits from having competition (same company, Telia, has their prices like 80% lower there than here - claiming that Estonians don't care about price)
Its not stupid when its bribery
This happens in Europe as well.
This happens in most European countries as well, I believe?
It works fine as long as the private companies are held accountable for their shit and the high-level planning is done by public offices.
It breaks down when there are no consequences for budget or deadline overruns, or the actual deliverable failing to meet requirements, because obviously private companies are gonna fleece the tax payer.
Well since the privatisation of germanies public transport systems everything went downhill.
We have less lines and lots of late trains. Funny thing is that the private company "Deutsche Bahn" was doing so bad it is now 100%owned by the state but still a "profit orientated" private company that does weird shit in order to fake the numbers.
This CAN actually make sense… if done right… which it is often not due to corruption.
lemmings stop idolising China challenge (impossible)
libs stop seething over China challenge (impossible)
Are you really saying that Elon is the reason America doesn’t have high speed rail?
I'd say Elon is a symptom of an underlying problem which is relying on private capital to provide infrastructure.
he is indeed a part of a problem. Car manufacturers have been quite responsible for dismantling America's public transportation infrastructure.
Sounds ridiculous to me. If politicians didn't decide on the rail system because of elon, it's still a problem caused by the politicians
@yogthos
I didn't know California is a private company
California isn't a private company, but it relies on private capital to do infrastructure development. Hope that clears things up for you.
Because they do not have money due to too expensive road maintenance?
@yogthos
But the decision-making process is supposed to be done by the state, right?
Tbf California, unlike China, does use slave labor https://apnews.com/article/prison-to-plate-inmate-labor-investigation-c6f0eb4747963283316e494eadf08c4e
Very good point and one that people often forget. It's literally impossible to build high speed rail without first becoming an authoritarian dictatorship.
TIL Germany, Belgium, Austria, France and Portugal are authoritarian dictatorships
Don't forget Taiwan as well. They have HSR although to be fair it's also a very small country.
US is the authoritarian dictatorship here, and it can't build shit. Meanwhile, worker democracy in China is able to build infrastructure at scale. Don't take my word for it though, every western study admits this
I don't know, man. This sounds like some "the enemy is both strong and weak" BS to me. When they can't build a HSR in California they are an unplanned economy but when I point out the cost of China's flavour of government suddenly the US is a dictatorship?
I've got no issues acknowledging when China does some good things but come on. I was rightfully making fun of the implication of your meme here and you come back with doublespeak. There's really no need to pick a side and defend it at all costs, we can acknowledge the positive and negative things.
I'm confused by this, because it looks like China is proving you wrong right now?
China managed to overbuild high speed rail, they got so good at it. Their whole system is built to incentive huge infrastructure projects. Which has been good, but now they're getting way into the diminishing returns.
They're so good at it and got addicted to it they want to build it on other countries too!
Ontario did the same thing
Course there's the downside of China too. Consider the Ghost cities, built in anticipation of an influx of people that never came: Yujiapu, Yujiapu, and Meixi Lake.
yeah about that https://www.reuters.com/article/opinion/the-myth-of-chinas-ghost-cities-idUS1704458002/
That's an article all right! But it's from 5 years before the article I posted, and it's just detailing what China THOUGHT was going to happen.
Here it is 9 years later and it turned out they were wrong.
It's okay for countries to make mistakes. We err on the side of not wasting money. They err on the side of preparation. They have more money to waste than we do so good for them.
Elon has all but admitted that the hyperloop was just a distraction to derail California's public rail plans, and now that that ship has sailed he doesnt give a shit about hyperloop anymore. The Hyperloop concept is literally just a tool that Elon uses to prevent development of public transport in California so that people will buy more teslas instead.
The Hyperloop seemed impossible form the get go. It had so many issues that are easily solved by... Not putting people in vacuum tubes
Here let me try to solve all of it's issues:
Wait a minute... 🤔 🚉
A major flaw in our societies is that we allow jackasses like that to come into positions like the one Musk has. Fuck Phony Stark!
Literally all I want is for my government to manage capitalism instead of capitalism managing my government.
I am certain that Elon will try to co-opt Trump's cult following and be his political successor when Trump finally kicks the bucket, and that legitimately terrifies me. Elon will run for pres in the next 20 years I'd bet on it.
I would love a source for this to pull up in future discussions
There's this but musk shills will discard it like anything that doesn't praise musk
https://www.sfchronicle.com/opinion/openforum/article/elon-musk-hyperloop-rail-17486877.php