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Could be a myriad of issues. In 10 years the People's Republic of China was able to construct, at a fraction of the cost per km, 16,000 miles of fully connected
by justinzollars 6y ago
Could be a myriad of issues. In 10 years the People's Republic of China was able to construct, at a fraction of the cost per km, 16,000 miles of fully connected high speed rail compared to the California High Speed rail project that completed 100 miles in the same period of time.
I think its a total institutional failure - and neither Republican or Democrat have a solution.
From my personal perspective, China seems to be much more capitalist than the United States. And we have embraced extreme regulation preventing us from doing anything at all.