Agreed, esp. in re: “scary”. BMW (maybe Mercedes?) is bragging that they can now tell if a new factory will actually work, or avoid major & costly errors, if first modelled as a virtual factory “metaverse”. Wut… this hasn’t been done for decades? I expect for every real or presumed / theoretical productivity tailwind you listed there are…
Agreed, esp. in re: “scary”. BMW (maybe Mercedes?) is bragging that they can now tell if a new factory will actually work, or avoid major & costly errors, if first modelled as a virtual factory “metaverse”. Wut… this hasn’t been done for decades? I expect for every real or presumed / theoretical productivity tailwind you listed there are plenty of regulations, grifts and unintended consequences to more than negate the benefits.
Then there’s the ESG / DIE BS one must pretend to value and take seriously to get anything done in too many endeavours. Silicon Valley Bank collapsed in no small part because of it. Someday skyscrapers probably will too.
In France they recently spent some $200mm+ IIRC (or billion?) on trains too big to fit into existing tunnels. We could certainly debate whether this was actually an error. Our perceived error or inefficiency is someone’s huge payday if not entire career.
Yep, I think that's exactly the point. We should be able to do at least as well, or better, but we've lost that ability and should seriously look at what is making everything so slow and expensive. It's not all BS, some stuff should be kept, but I suspect that A LOT of it is BS and could be cut or reformed.
Agreed, esp. in re: “scary”. BMW (maybe Mercedes?) is bragging that they can now tell if a new factory will actually work, or avoid major & costly errors, if first modelled as a virtual factory “metaverse”. Wut… this hasn’t been done for decades? I expect for every real or presumed / theoretical productivity tailwind you listed there are plenty of regulations, grifts and unintended consequences to more than negate the benefits.
Then there’s the ESG / DIE BS one must pretend to value and take seriously to get anything done in too many endeavours. Silicon Valley Bank collapsed in no small part because of it. Someday skyscrapers probably will too.
In France they recently spent some $200mm+ IIRC (or billion?) on trains too big to fit into existing tunnels. We could certainly debate whether this was actually an error. Our perceived error or inefficiency is someone’s huge payday if not entire career.
Yep, I think that's exactly the point. We should be able to do at least as well, or better, but we've lost that ability and should seriously look at what is making everything so slow and expensive. It's not all BS, some stuff should be kept, but I suspect that A LOT of it is BS and could be cut or reformed.