Regulation, not competition, killed American railroads — a warning for AI
"Will demand for advanced AI chips (GPUs) be 1:1 for every person? We sit down with Greg Osuri to find out." (Block Fuel)
“Railroads did not die because airplanes came or motorways came… railroads died because they got overly corrupt and regulated as a result, and that led to the death of a whole industry. And that’s the reason why we have railroads in Asia and Europe but we don’t have railroads anymore in America.” — 00:19:48
Context: His historical argument against heavy AI/chip industry intervention (quote spans into the 00:20:30 block), paired with a Chips Act critique (“the intention is always good, but the implementation is always bad”) and a recommendation of Rothbard’s Progressive Era.