Exactly. As it stands wealth is drained away from the people with skills to the people with quills. Thus we end up with mountains of strangulating regs and no b

Exactly. As it stands wealth is drained away from the people with skills to the people with quills. Thus we end up with mountains of strangulating regs and no bullet trains or hyperloops. I remember Germany, early 2000s, same story: they had their beautiful maglev train on a test track run in a circle for 11 years. They couldn’t build it anywhere. Environmental, political, regulatory ‘uncertainty’. Finally the Chinese invited Siemens on a joint project to build a real track for Shanghai. There is still no maglev train in Germany but several in China...