An analogy: just because Japan has a very good high-speed rail network doesn't imply that a new one will succeed in the US. In California it's an open question whether it's going to succeed in the end. You can't assume the US way of doing things like that will do as good a job as other countries on some things, because the culture and politics are very different, and sometimes that means we screw it up.
In short, California has plenty of appetite for socialism, as long as it is the kind they want.
Am I reading this right? Are you saying that each decade, the California freeway department multiplies their budget by a quadrillion? If their budget was $1 in 2013, they would now be spending more money than there exists in the world? I'm going to request a source for that.
This does not count the budgets of the DMV and CHP which are 3x and 4x the HSR budget respectively.
Housing problem is not an economic problem, it is an effect of vetocracy of city councils and activist groups.
The best time to do the right thing is yesterday, the second best is today.
https://en.wikipedia.org/wiki/Otto_von_Bismarck
> A master of complex politics at home, Bismarck created the first welfare state in the modern world, with the goal of gaining working class support that might otherwise go to his socialist opponents.
I wish them luck, but I won't hold my breath.
Is it a problem? Sure. Is it an argument for reorganizing our economy? Hardly.
[0] https://rightcarealliance.org/activities/insulin/ [1] https://www.iii.org/fact-statistic/facts-statistics-lightnin....
https://en.wikipedia.org/wiki/Otto_von_Bismarck
> A master of complex politics at home, Bismarck created the first welfare state in the modern world, with the goal of gaining working class support that might otherwise go to his socialist opponents.
If you'd please review https://news.ycombinator.com/newsguidelines.html and stick to the rules when posting here, we'd appreciate it.
It is not a characteristic of (freemarket) capitalism in itself (like, the rest of the world make it work), but a concentration/tyrrany of powers (patents, regulation, lobbying) and a disregard of human life/health in society.
These are not factors that disappear in a socialist/comunist framework unless one is "government from the people" naive.
A "simple solution" would be to make patents on critical things to be "opensourced", licenseable in automatic to anyone interested in exchange of a % fee on sales to patent-holders, making still competitive for Original-inventors to produce things at a competive advantage while keeping prices for End-Users "honest" due to production competition
"OK, so let's implement their policies."
"No, that's socialism!"
(cribbed from a meme; https://twitter.com/pty/status/1109687920938541057)
No, that's not true. For example, the Heritage Foundation: https://www.heritage.org/progressivism/commentary/the-myth-s...