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Comment by Cupertino95014 | Hacker News Reader

You could go on newspapers.com (free for 7 days) and look at those old papers. I know that the Transcontinental Railroad was intensely controversial.

What's "bad-faith" about it?

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OP is saying the opposite: the TCR required huge investment, and was massively speculative, with a huge bubble ensuing. But rail travel did revolutionize the world, and few people sat around asking whether or not it was worth it.

TCR could have been justified by everyone having massive faith in the future, as OP is suggesting happened with roads. But you're quite wrong that "few people sat around asking whether or not it was worth it", as Iron Empires details:

https://www.amazon.com/Iron-Empires-Robber-Railroads-America...

it was hugely controversial in Congress.

I don't happen to know about roads, since that wasn't one single thing. But I doubt they happened because of blind faith in the future, either -- it was probably more businesses demanding roads NOW. So the argument that no one questioned them is dubious at best.

Sorry, you are correct. It was controversial.

What I meant to say was that the AI bubble is feels different in that there seems to be relatively more skeptics versus railroad mania or the dot com bubble (but this could just be skewed by my own experiences).

Whether or not this suggests a flawed value prop for AI is another story.

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