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by jvanderbot 260 days ago
All fun and games to point out seeming contradictions! Especially here.

Unfortunately GP is right - optics matters more than factual correctness, and the optics here is mixed - yes gov is overspending, but the solution is to offshore more jobs.

1 comments

"Government is spending the amount required for developed world jobs to build buses." would be a better title than "US cities pay too much for buses." The macro of deflationary globalization due to enormous surplus labor in the developing world are mostly over.

Someone's comment said "why not let China subsidize US bus deployment?" I think that's a fine argument, as long as we're still spending to keep the US manufacturing muscle strong. The cost is the cost to have domestic skilled manufacturing labor at the ready, and someone is going to have to pay it, because you're not going to be able to buy warships from China for war with China. No different than the US auto and aerospace industries retooling from civilian to military production rapidly during previous world wars.

Corporate America cares about quarterly profits, not capability readiness. This is an incentive alignment and capital efficiency issue requiring policy improvement.