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by dctoedt 236 days ago
> So why don’t we build some damn factories then? Our infrastructure stack is woefully outdated and yet all we seem to be funding is AI and other SaaS.

The short answer: 1) Veto power vested in too many NIMBYs, in various flavors; and 2) Wall Street is rewarded on — and therefore chases — short-term results that goose the stock price.

1 comments

Ah yes, rust belt towns, midwest towns with huge disgusting meat processing plants and countless shuttered plants they would love re-opened. Notorious NIMBYs.
We don't need new meatpacking plants, we need factories to do high tech manufacturing. Unfortunately small towns in the Midwest aren't nearly as attractive for that.