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Rich Europeans need to stop buying stupid stuff like hotels
- llampx 6y agoFully agreed with the headline. The Old World is severely behind in terms of tech investments. I can write pages about how the stock market is treated as a game or gambling in Germany, and about how private wealth-building is actively discouraged by the government thanks to ever more creative taxes. To another point: > Projects such as Hardt Hyperloop, one of Europe’s most advanced hyperloop projects, would need €25-€30bn to build its first real track, and the company is struggling to get it. It is the kind of sum that only governments can provide — but tech funding on this scale is rare in Europe. Is a Hyperloop project tech or is it infrastructure?
- netizen-9748 6y agoHyperloop is a bad idea, at least the vacuum tube implementation. It would take more energy to maintain the vacuum than it would save by reducing air resistance.