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0 pointsCalChris4y ago0 comments

I completely agree. It is just too soon to tell. Moreover, this stacking rule won't change the port; it will change things in the City of Long Beach.

I don't think it will make matters worse but I won't be surprised if it doesn't actually solve the problem. It just seems like a cheap+fast attempt at a solution which is good.

There's a lot of narrative that's going into this discussion, an heroic visionary CEO, a bumbling politician. In fact, the mayor made the change as soon as it was brought up.

But I really like Petersen's thread:

  What caused all the supply chain bottlenecks? Modern finance with its obsession with "Return on Equity."

https://twitter.com/typesfast/status/1453753924960219145

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ncmncm4y ago

At least, they will have a lot of yards with empty containers stacked five high, when LB doesn't want that.

Then, once the yards are stacked high, if the inflow and outflow rate still do not match, the problem will remain, just with a lot of higher stacks.

throwaway815234y ago

That seems to also be a disguised pitch against the proposed unrealized gains tax. Whether that tax is good or bad or has fixable problems, I don't know, but there was some clear self-interest going on in that tweet thread.

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