(cont'd from yesterday's post)
An editorial (2018) at Investor's Business Daily says, "Hyperloop Is Running Circles Around California's 'High Speed' Rail Boondoggle."
The CA train project is years late and billions of dollars over budget. But the state government continues to throw huge amounts of taxpayers' money into it. (The question begs to be asked: why?)
Meanwhile, progress on the hyperloop idea has moved at breakneck speed. New and innovative though it is, the idea has already generated at least two companies (VHO and HTT) which are developing the technology and moving ahead with multiple projects. Get some background here.
When it comes to business, central-planning-by-government is not best. California's HSR linking San Francisco and Los Angeles looks like a waste of resources.
"In contrast, private investors risking their own money aren't going to build hyperloop systems that are endlessly over budget and that won't attract significant ridership. And when they do see an opportunity, they won't take two decades to build it.
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