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presentationyesterday at 2:03 PM1 replyview on HN

Works in progress also had a great article recently (also discussed on hacker news) about how Japanese railways are private, profit earning real estate development corporations. [1]

Unfortunately, people from western countries have very negative views toward the privatization of mass transit despite the wild success that Japan has experienced. The model makes so much sense: if trains are just a way to get people to the real estate that you developed, then you’re going to make sure that the trains AND the destinations are really nice, which also turns out to be very lucrative (at least in densely populated areas) as a cherry on top.

And even worse, like this commenter above alludes to, it is trendy in the West to believe that real estate developers are evil, and that corporations that make money are sucking the life out of society. This kind of degrowth populism pretty much guarantees that the successful Japanese model is out of reach for most countries, because it is exactly the pursuit of profit that makes Japan’s system so nice - not some edicts from a benevolent and extremely capable government.

[1] https://news.ycombinator.com/item?id=47762060


Replies

bluefirebrandyesterday at 2:27 PM

> Unfortunately, people from western countries have very negative views toward the privatization of mass transit despite the wild success that Japan has experienced

Japanese culture would frown heavily on enshittifying the transit experience to earn more profit. Western culture mass transit is already often shitty, and I cannot imagine how shit it would become if a for profit corporation took it over and started to squeeze it to make more money