The Hyperloop also can only exist with government cooperation. Stringing together such a technology across multiple state (or nation) boundaries will require much more collaborative effort than the Eisenhower administration's Interstate system.
Tesla, iPad Socialism and the Return of the Future
11–12 of 12 posts
Re: Tesla, iPad Socialism and the Return of the Future
#12Earlier quoted context omitted.
I understood it to be that seemingly Ayn-Randian heroes like Musk are standing on the shoulders of giants, giants being the State. Add to that the thesis that the same way Musk wants to keep SpaceX private to focus on the long-term, states can take that same long-game stance with their strategic economic policies. And because of that, the author is looking forward to a more leftist current (Sanders, Podemos) to incre…
Except that the state doesn't take any sort of a long term view, unless you consider the next election a "long term". The state can't do anything to benefit the economy- by definition all the money spent by the state was taken via taxation or inflation, in both cases taken out of the private economy exactly at the point where they would otherwise be invested in economic growth... and the state is notoriously terrible…
Just to clarify, I wrote what I understood the piece to be, I don't necessarily hold the same view. I have seem my share of resources squandered by a short-sighted politician looking for re-election.
I guess in a perfect world, the State realizes it needs to plan and invest beyond 4 years, and in the rest of the cases your mileage will vary greatly.