56 karma · joined July 14, 2014
Writes at: roblh.substack.com
Tangentially, I might be alone in this, but I consider great journalism to be like great science - it's able to discern the fundamental mechanics of an issue, but they're also notoriously terrible at applying those mechanics in a constructive way. As a result, when a journalist shares their perspective, I put a lot of weight on their analysis and little weight on their solutions.
But take any of the recent genocides (Rwanda) or even ISIS - innocent people are unquestionably being killed. A soldier hears about this in the news, prepares every day to stop large forces like that, and instead is being asked to stand down. The media obviously plays a large role in shaping the perspective of horrors being done in the world, and I wouldn't argue war is the solution to all but a few problems. However, it is fairly straightforward and morally defensible that innocent people would be alive if other people were killed, and soldiers are prepared and ready to kill.
Assuming investors are ignorant is convenient, but it may be a situation where many investors were avoiding that industry because of the regulatory uncertainty. Part of that uncertainty could be the possibility of the government encouraging competition. In fact, this legislation defines how they can operate the networks but does nothing to change the oligopoly of vendors or the barriers to entry new competitors might face. An investor, then, could reasonably view this as the entry point to an established oligopoly without the fear of future government regulation disrupting that, at least over the next decade or so.
It has all sorts of implications for life/work, where it could open up options for smaller towns; however, the problem becomes one of efficiency for the rail, as it can't slow down at every small town with a minor population unless it really was a feeder to the big city. I think it just reinforces travel between hubs (metropolitan areas, which still might have last-mile problems that Google, Uber, Lyft, etc. focus on).
I think it also increases the viability of what a "local ecosystem" entails. Suddenly, a manufacturing town that's normally an airplane away is a couple hours, so it's easier to establish a relationship and coordinate between two currently disconnected sectors.