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Why are maglev trains still rare? (lemmy.ml)

submitted 1 year ago by frightful_hobgoblin@lemmy.ml to c/asklemmy@lemmy.ml

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They were invented decades ago.

They have fewer moving parts than wheelbois.

They require less maintenance.

There's obviously some bottleneck in expanding maglev technology, but what is it?

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[-] sxan@midwest.social 2 points 1 year ago

The current, dominant form of capitalism isn't and doesn't, though. It maximizes short-term profits and ignores all other medium and long-term costs. The efficient allocation of scarce resources doesn't happen when inefficient allocation yields greater short-term profit. The stock market ensures that high short-term yields with lower total returns will be favored over the inverse. In particular, it emphasizes competition over cooperation, which is more resource wasteful for the gestalt.

this post was submitted on 08 Sep 2023

237 points (94.4% liked)

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