zlacker

>>tedsan+(OP)
The US appears to be fully in the grips of centralized economic autarky. A tiny coterie of industrialists who have the President's ear decide how to allocate a gigantic amount of capital for their pet projects while the state raises tariffs and implements bans to protect them from competition.

Didn't go well for South America in the 60s and 70s but perhaps, as economists are prone to saying, "this time will be different".

>>rchaud+592
Private capital. That detail seems to derail your whole comment.

>>ahmene+Sm2
Also the fact that two of the names in the headline are foreign owned. (North Korea is an autark's wet dream.)

>>JumpCr+eo2
Also the fact that they're not going to invest $500B, and this is mostly a puff piece.

As Elon said, they don't the money.

Talk is cheap.

$500B is not.

>>onlyre+au2
$500B may be a lot, but at the national level it's not that much if you spread over a few years. Even now, it's "only" 1 week worth of US GDP. It depends how much they expect to get back.

>>HPsqua+AK2
This isn't national funding.

$500B is a lot - no matter how you slice it.

It's a lot easier to talk pie in the sky than to actually get $500B to spend.