I think at some point we will need to admit that every system is corrupt, ours just happens to be corrupt in the direction of not building anything.
the sort of graft that was common in America a century ago and which you can read about especially in Huey long's Louisiana was one in which politicians got kickbacks from vendors and unions working on public projects.
the incentive structure for everyone involved was to build and the worst outcome of that system was that it would overbuild or that what got built may be subpar or overpriced, but which in any case the thing got built.
today's system is no less corrupt but is perniciously less obvious, the beneficiaries are not union workers with lunch pails and their cigar smoking leaders in backrooms. but rather the menagerie of educated titled employees who draw their cut from every obfuscation.
every study, every committee hearing and every lawsuit keeps this cadre of overeducated overproduced elite employed. The result is every project cost more and runs longer than it should or doesn't get built at all.
if we want things built we may have to turn our heads and pinch our noses and let the sausage get made.
I bet you whatever amount of money you want that whatever happen with AI, with the build out of AI in the US your deflation estimates are completely OFF.
Brilliant post. I've been increasingly concerned about the balance of power between the US and China. Id rate their ability to extend and pretend a fair bit higher however given their complete control of the financial system.
This is really well thought out. My doubt is the US ability to execute.
Writing the plan is one thing (the start is here), building consensus and implementing are another.
I hope we can achieve this. But we need more critical mass running towards it.
yes, that's a key point in our next/final chapter
I think at some point we will need to admit that every system is corrupt, ours just happens to be corrupt in the direction of not building anything.
the sort of graft that was common in America a century ago and which you can read about especially in Huey long's Louisiana was one in which politicians got kickbacks from vendors and unions working on public projects.
the incentive structure for everyone involved was to build and the worst outcome of that system was that it would overbuild or that what got built may be subpar or overpriced, but which in any case the thing got built.
today's system is no less corrupt but is perniciously less obvious, the beneficiaries are not union workers with lunch pails and their cigar smoking leaders in backrooms. but rather the menagerie of educated titled employees who draw their cut from every obfuscation.
every study, every committee hearing and every lawsuit keeps this cadre of overeducated overproduced elite employed. The result is every project cost more and runs longer than it should or doesn't get built at all.
if we want things built we may have to turn our heads and pinch our noses and let the sausage get made.
I bet you whatever amount of money you want that whatever happen with AI, with the build out of AI in the US your deflation estimates are completely OFF.
Have you set foot outside of your house recently or you just spent all your time in your bubble thinking those pieces that have no base in reality?
CAMPBELL for CONGRESS !
This reads a bit like a well thought out fever dream that doesn't acknowledge the reality of today.
How about collaborate instead of compete?
not up to me/us!
Brilliant post. I've been increasingly concerned about the balance of power between the US and China. Id rate their ability to extend and pretend a fair bit higher however given their complete control of the financial system.