August 13, 2013
Another View
The other day, Brickmuppet Blog commented upon Elon Musk's Hyperloop concept. This article takes a 180 degree different view of his business model from ours.
UPDATE: Rand Simberg strongly disagrees with the characterization of Musk as a corporatist at least as far as Space-X is concerned. Space-X does seem to be rather different from Tesla in that it's paying it's own way and not getting vast piles of taxpayer money as loans and subsidies plus government mandated payments from his competition. I was probably wrong to not put that venture in the same category as Paypal.
Still...
The huge ammount of political shenanigans he's engaged in to get his Car and solar panel company to float should give one pause. Dr. Simberg's argument is that if the government offered him a dump-truck full of our money it would be a breach of fiduciary duty not to accept it. This is true to an extent, depending on the strings attached, but given that at least 2 of his ventures seem to be quite nonviable economically without the government subsidies one can rationally wonder about whether a mass transit system (a type of venture with a poor history of viability in this country) is not a boondoggle.
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UPDATE: Rand Simberg strongly disagrees with the characterization of Musk as a corporatist at least as far as Space-X is concerned. Space-X does seem to be rather different from Tesla in that it's paying it's own way and not getting vast piles of taxpayer money as loans and subsidies plus government mandated payments from his competition. I was probably wrong to not put that venture in the same category as Paypal.
Still...
The huge ammount of political shenanigans he's engaged in to get his Car and solar panel company to float should give one pause. Dr. Simberg's argument is that if the government offered him a dump-truck full of our money it would be a breach of fiduciary duty not to accept it. This is true to an extent, depending on the strings attached, but given that at least 2 of his ventures seem to be quite nonviable economically without the government subsidies one can rationally wonder about whether a mass transit system (a type of venture with a poor history of viability in this country) is not a boondoggle.
Posted by: The Brickmuppet at
11:33 PM
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