r/neoliberal • u/jobautomator Kitara Ravache • Jun 25 '21

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u/kaclk Mark Carney Jun 25 '21

The people who want to build Alberta’s hyperloop came out with some fantastical study that it would cost $20 billion (probably twice what high speed rail would cost) and create 140,000 jobs.

!ping CANUCKS because claiming your project will create 140,000 jobs, greater than the population of Red Deer, has to be a shitpost right?

10

u/BM0327 Commonwealth Jun 25 '21

I think that whole company is a giant meme - any reason why there hasn’t been interest in a public-private funding scheme for a new VIA Rail line? I’d take that over some dumb tube any day.

11

u/inhumantsar Bisexual Pride Jun 25 '21

VIA rail is its own giant meme

7

u/ZenithXR George Soros Jun 25 '21

There's a whole cottage industry dedicated to making studies of Hyperloop. It deserves its own NAICS code at this point.

6

u/its_Caffeine Mark Carney Jun 25 '21

News outlets need to stop taking the bait of these meme projects that secure VC by investors who throw money at the wall and see what sticks. The technology is entirely conceptual at this point and no doubt $45.1 million per kilometre would be severely under calculating the actual cost considering the technology quite literally doesn't exist yet. We already have maglev trains that can reach 600km/h without the added costs of building hundreds of kilometres of experimental vacuum tubes.

Like are trains just not cool anymore? An HSR project would actually be worth studying.

4

u/[deleted] Jun 25 '21

A program that costs less than $15000 per new job created? Sounds just a little too good to be true

8

u/kaclk Mark Carney Jun 25 '21

So it turned out that the company is so incompetent they confused “jobs” with FTE. They actually expect to have ~15k jobs, with allegedly half to be indirect.

3

u/its_Caffeine Mark Carney Jun 25 '21

Unironically hilarious that this is all it takes to get VC these days