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Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

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Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#161
post #9

The reason why China is spending a lot more on infrastructure than the U.S. is because they didn't have a lot of infrastructure to begin with and if they want some they have to build it. The U.S. already has most (not all) of the infrastructure we need. A lot of what we need to build is to replace existing infrastructure which is getting old but technically still works. Comparing Chinese to American infrastructure sp…

not sure why you're getting down voted, I think these are some great points. Similar to trying to update a large legacy codebase vs starting from scratch-- it's easier to design, plan, and execute using the latest and greatest, vs. ripping out old infrastructure and systems or building on top of/along side of/etc.

And yes, healthcare spending is unnecessarily insane. Healthcare is tough though because it is not your ordinary product. Is it a right? How do we deal with different levels of care? Politicians don't want to answer these questions. The truth is there is unlimited demand and limited resources in a market where we feel morally obligated to give everyone the absolute best-- an impossibility. Healthcare is just one example that gives me doubts about our political system. Do we have the collective courage/wisdom to make big, important decisions? Sometimes any decision is better than none and I see our current healthcare system as a non-decision-- a "kick the can down the road".

What scares me about China is their gov't's ability to make these decisions (whether right/wrong, regardless of consequences) and get shit done as well as their people's staunch nationalism, essentially, our weaknesses. I do think that western values of freedom and transparency win in the long game, I just hope that the free nations can stay in the game long enough to win.

On that note. I think we need to get better at being a country--politically, economically, etc. We need to work on inefficiencies in the markets: monopolies, corruption, and players in comfortable positions because they've gamed the system. The free market should be uncomfortable for all players. Constant competition is what we want. Unfortunately, as players in the free market win, they gain power and alter the rules of the market so it is no longer free/efficient. We can't fault them for these self-preservation tactics, hell we view them as individuals right? (corporate personhood, Citizens United, etc). At the same time we need to seek out and prevent these cancerous tendencies. In addition, don't let corporations get too big too fail. Let corporations that are no longer fit, die!

I watched that Crouching Tiger series on youtube and while I recognize that it is a bit alarmist, it's tough to ignore the facts.

Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#162
Um... I know it's part of what the cool kids do. Shitting on the US. But... this is the pot calling the kettle black.

China has been ramping up their own military spending like crazy the past few years. Plenty of articles from CNN and other media "The US should be scared of the Chinese military because of XYZ". Their infrastructure programs are just as bad as here. Difference is, we have actual code enforcement and building regulations that, yes, raise the price and increase in time to build/repair. But that also ensures that you get fewer buildings and public projects that crumble after a few years.

I also find it interesting that a lot of people jump on public transit as a poster child of "infrastructure". The economics for mass transit over large stretches SUCKS. It's one of the worst investments into public good.

Let's take a place I use to live in just 6 months ago, Colorado Springs. It's about 60-70 miles south of Denver. The Springs is a decent sized city (270k population). Roughly 21% of springs residents work in the Denver area. This was evaluated because I-25 is the main road between the two cities and a majority of it is just 2 lanes. Back ups. Oh my God. The back up traffic was so fucking bad. If I had to do a contract in Denver and had to be there at 9am, I had to be out on the road at before 6:45am to make it around 8:45am. That's if there wasn't an accident along the way. Anyways, a cost analysis was done to either provide mass transit between the two cities or give I-25 another lane on a ~50 mile stretch.

So, let's see, that's about 56,700 people that have a nearly daily need of going back and forth. To make it attractive for people to use, it has to be cheaper than standard car fuel costs. Yes, there's maintenance costs that SHOULD be considered. But normal people would never figure that in. That's like expecting people to "Read the terms and services". Driving my Jetta, it's about 4 gallons round trip. Between 8-12 bucks a day in fuel, depending on gas prices. Now, a car provides a level of freedom too. I can leave whenever I want. Go when I want. If you ever relied on mass transit for work (I did when I lived in Seattle and in Portland), you spend a lot of hours waiting. You show up early for the bus to take you to the WES train, which you wait for, that takes you to the Blue Line tram, that you have to wait for, that you then go to roughly where you need to be on foot. Essentially, you save little practical time. Yes, you can read. My answer. Library card and free audio books. Maybe if the cost is $5 for the day between CS and Denver. But more than that. I'll drive. I like sleeping when I can.

Oh and commuters don't run all day. Just the peak hours to and from work. As in. You don't get to "stay in the city for a little while". You have to go. Immediately after work. There's no waiting around. Have to work late? Got to call a friend with a car. You owe him gas money now as well.

Okay, now to the economics. IF, major if, 56,700 people take the commuter everyday at $5 X about 20 workdays a month X 12 months = $6.8 million a year. Let's say $7 million. Every year. Revenue generated. Now, minus fuel. Minus train maintenance. Minus employees. Even a $10 daily ticket only gives $14 million. For a how big of an initial investment? A billion dollar one? Even at half a billion, that's 35 years to break even if all the employees volunteer and the fuel was free. Shit, I forgot about insurance for whoever runs that train. In 35 years, you'd probably need a major revamp again. It's like being on a tram or train from the 80s/90s at this point. Another major cost sink.

But some of those 56k+ commuters, still need their cars. I built custom servers, delivered and installed them in Denver. You ever carry a 3u filled with hard drives? A lot of commuters are manual laborers too. You know, poor, hard working folks. Guys who do plumbing or electrical work. Dry wall. Carpenters. Those are just the commuters that pop in mind. They have too many tools and materials to ever imagine using public transit if their job requires them to actually carry their own gear. Plus, they have to travel around on a moment's notice.

Or spend the $350 million to expand the interstate which nearly everyone uses ALREADY. Logically speaking, what would politicians approve? You think they're going to risk having their heads roll for a half billion dollar investment that SOME people MAY use? Or expand what people ALREADY use?

You can apply the same logic to easily 90% of the rest of the country and come to similar results. There are definitely outliers to where it works. But let's not shoehorn ideas where they don't belong.

In reality though, being in the lead of commuter train technology is a lot like being in the lead of horse drawn carriage tech.

Are there infrastructure problems here? Fuck yea there are. The aging water system is major one. Electrical grids are being upgraded but there are trouble spots. Same with gas lines. Telecomm needs an over haul. Too many cities are also bottle necked on highways. If a natural disaster happens in certain cities, there's only one way out. Plus, just in time inventory causes major issues when these places do get cut off due to flooding. I'm not even getting started on social issues. Legit issues of dealing with foster care, criminal rehabilitation, mental health facilities, etc. Oh fucking hell, what about education? That too is a shit show. But to cry that other countries have "better trains"... seriously? How about we first deal with an aging water system before we shed tears for high-tech trains.

Also, wrong towards "It doesn't matter who says it". It really does. Because the connotations start to pop up. People start to bring up what that person "does right". It burns my ass that yes, the right conversation finally starts, then red herrings out to some bullshit territory like "more mass transit". No. We don't need that. We shouldn't solve Chinese problems in America. Trains are not our damn focus. Let's not forgot, they are sinking in debt just as bad as us. They've postured for a long time of being a "cash society". That little fairy tale is unraveling on them. They're not magically better. Factories closing. Human rights violations up the wazoo. Let's not miss how xenophobic they are. You think non-Han Chinese have a wonderful time? Hell, there's a government program to end their own Muslim communities in the western parts. They have, essentially, government minders that report on their non-party-approved activities. A forced assimilation program in essence. Oh, and that island that was "always there and always Chinese territory".

It's also funny, "invest in the Mid west". Really? I thought you all hate the mid west for mostly voting for republicans. Now, it's "Ma is right. We need to invest in the mid west" Come on! Seriously? And people also thought we should all politically follow Zuckerburg since he's rich and techie. How'd all that work out?

I'm all for investing into different parts of America. But shouldn't we invest in the Mid West because it's part of America and is struggling and we should help each other out? Not because some rich guy said so?

This got off to rant territory pretty bad. But this is silliness and someone needs to call it out. The comments in HN to this article is a prime example that the one problem this country has is too many people look elsewhere for answers instead of internally. It's complained that companies hire from the outside to lead/manage instead of internally. That thought process is represented here too.

Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#163

Earlier quoted context omitted.

Dick Cheney is a traitor and has exploited the American people, and murdered countless Iraqi and Afghan lives for personal gain.

And a really dangerous person to go hunting with. George W Bush had exceptionally terrible taste when it came to his cabinet.

His father had warned him about Cheney and Rumsfeld,that they would stab him in the back, but he chose to ignore that advice to show his independence:

Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#164

Earlier quoted context omitted.

Sure we can all acknowledge those are all deeply complex and intertwined facts about the U.S. and its military strategy and spending. Foreign policy, both diplomatic and militaristic, are also not democratic - I think some people just want to call out "the worlds exemplar of democracy" spending the largest portion of its budget on undemocratic means. We The People want to see something more meaningful domestically fr…

>We The People want to see something more meaningful domestically from our tax dollars and public debts - if the elite know better, then drop the facades. I think this is what people don't get about US military spending. From the moment you wake up every single day you are directly benefiting from it as an American. The fact that you, as a normal middle class person, are able to step out of your brand new house purch…

Meanwhile a larger and larger portion of our population declines into third world living conditions.

Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#165

This is so true. I went to Shanghai about 3 summers ago right when Denver was finishing up the "A Line" train from Downtown to the Airport. This project cost over a billion dollars and the damn thing can't run smoothly or stay operational. Tons of issues. Meanwhile we took the Maglev train from the Pudong Airport to the Shanghai City Center. The Maglev cost $1.2 billion dollars [1]. The train can travel up to 270 MPH…

Amazing -- they get a Maglev train for $1.2B, and in only 2.5 years of construction[1]. Meanwhile, in San Francisco, we get a [flawed] bridge for $6+B that took 11 years to build[2]. [1] https://en.wikipedia.org/wiki/Shanghai_maglev_train#Construc... [2] https://www.citylab.com/equity/2015/10/from-250-million-to-6...

Another example is about Boston's Big Dig. https://en.wikipedia.org/wiki/Big_Dig $6 billions with 15 years for 1.5 miles tunnel. What a horrible project!

Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#166
post #116

Folks, realize that US military spending: - backstops the US dollar as the world's reserve currency, which allows the US to have a large deficit with low risk to its economic system, which basically means the US can ship paper to other countries and they will send real stuff back to us in return. Let's not kid ourselves, this has a lot to do with the US' large military and financial advantage. - makes opportunistic a…

Thinking that this spending is ok based on your reasons amounts to a tacit acceptance of a huge amount of dishonesty, I find it quite cynical. This is a totally ass-backwards way to do stimulus and domestic investing, with the upside that it lets you do stimulus and domestic investing while pretending you're not doing it, but doing something macho and patriotic instead. This is a way to maintain US economic and diplo…

I didn't see the part where I said anything about stimulus or investing.

WWII is what enabled the US to adopt this position, and its memory, rapidly fading into history, are why the US chose involvement and leadership of the world instead of isolation. Before WWII the US was (relatively) isolationist. You can claim that it would have been better off staying that way, but given the way things spiraled into WWII, the conclusion of US leaders was a reasonable one: we must lead, or else things will spiral into conflict once again, and we will not be able to contain, control, or ignore it.

How could they come to any other conclusion? They had already tried the "let's try to avoid picking sides and please can't we all just get along" option in WWI and it turned out, shall we say, badly.

None of this excuses the absolute folly of the US' many military misadventures, and likely huge amounts of waste (in terms of people and treasure) in pursuing them. I am merely pointing out that the idea that we could abolish most military spend because somehow the world will just get along by itself, or even that we can just ignore what happens elsewhere, is just not the case and hasn't been for a long time.

Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#167
post #116

Folks, realize that US military spending: - backstops the US dollar as the world's reserve currency, which allows the US to have a large deficit with low risk to its economic system, which basically means the US can ship paper to other countries and they will send real stuff back to us in return. Let's not kid ourselves, this has a lot to do with the US' large military and financial advantage. - makes opportunistic a…

> US military spending...provides funding for basic research Someone has to really have drank the kool-aid to even comprehend that statement, never mind believe it. What does military spending have to do with basic research? If what you mean is that the US has a convoluted, wasteful system where workers work, get taxed, the money is sent to the Pentagon, and physicists at universities have to write out fantasy-laden…

Actually, I agree with you that this is kind of how it works. My point is simply this: the headline number for "military spend" includes a great deal of funding for research:

https://www.aaas.org/programs/r-d-budget-and-policy/historic...

No, I don't believe this is a great system. On the other hand, consider that if research spending weren't under this guise, would popular support for research allow for the funding to exist at current levels, much less increased ones? Given understanding of the average American of basic science, that would be a stretch (to put it mildly).

Perhaps having researchers write a few extra paragraphs in grant proposals isn't so bad after all.

Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#168
post #164

Earlier quoted context omitted.

>We The People want to see something more meaningful domestically from our tax dollars and public debts - if the elite know better, then drop the facades. I think this is what people don't get about US military spending. From the moment you wake up every single day you are directly benefiting from it as an American. The fact that you, as a normal middle class person, are able to step out of your brand new house purch…

Meanwhile a larger and larger portion of our population declines into third world living conditions.

According to the US Census Bureau, poverty in the US has been on the decline since 2010. It's still not below the 2000 levels, but is still declining.

Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#169
post #147
post #116

Folks, realize that US military spending: - backstops the US dollar as the world's reserve currency, which allows the US to have a large deficit with low risk to its economic system, which basically means the US can ship paper to other countries and they will send real stuff back to us in return. Let's not kid ourselves, this has a lot to do with the US' large military and financial advantage. - makes opportunistic a…

So you're saying we, the rest of the world, are funding your inefficient military budgets and troops sitting in garrisons around the world, doing push-ups, playing with guns and yelling each other? Had US policymakers little more sense in their heads I'm sure they could achieve the same result (dictators around the world not willing to invade their neighbours) and get actually working infrastructure. But nope, let's…

Yes, exactly. You, the rest of the world, are indeed subsidizing this system to some extent, and in exchange, far fewer of your own young people are sitting in garrisons around the world, doing push-ups, playing with guns and yelling each other.

I won't defend US incompetence wrt infrastructure. But I will observe that "spending more" hardly seems to be the problem, as we seem to do plenty of that already. It's that (lack of) stuff we get in return that's the problem.

As far as global "peace", it is certainly true there is still conflict, but from the bigger picture perspective it's been a relatively peaceful half century.

Again I'll point to this chart: https://ourworldindata.org/war-and-peace. Consider that the y-axis is log scale, and contemplate the WWI and WWII bubbles at the top.

Re: Jack Ma: US wasted trillions on warfare instead of investing in infrastructure

#170
post #158

Earlier quoted context omitted.

But just saying money is still circulating is very short sighted. Is the velocity is the money the same? Is it circulating among rich or poor? Taxation is normally for taking money from the rich and spending on the poor. In this case however, money was taken from the middle and lower working classes, and given to the rich stock owners. And the country got nothing in return, not bridges, trains, or roads. If you give…

The velocity of money returns to normal after it is spent into the private sector again. It’s just one hop for how it is spent. In the meantime the taxed money may be held in some funds, and those funds may be invested in private banks. We really don’t know. The Grace Commission found that hardly anything from personal income taxes even reaches public works. There is hardly any difference if the government burned all…

I don't think the velocity of money returns to normal. Money used to buy a single Ferrari probably circulates less than money used to buy million gallons of milk. This should imply that for higher gdp we must tax the rich and spend on poor.

American defense spending spends lesser on the poor, and the country does not even get bridges or trains in return.

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