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David R.'s avatar

A great many of the phenomena this newsletter discusses can be explained by the "project/product" dichotomy. Some fields of endeavor just remain stuck in the "project" phase of the learning curve, in which everything is boutique and production too small-scale to learn and improve by iterating endlessly, let alone to defray the upfront costs of tooling and capital plant.

Cars and appliances bridged that gap pretty quickly after their inception, with some government support in the form of road-building and rural/public electrification. Semiconductors got there with a greater proportion of government support (if I recall correctly the Apollo Program was the single largest global consumer of integrated circuits in the 1960's) and then took on a life of their own as commercial applications emerged widely in response to falling costs, as did solar PV.

Conventional commercial aircraft are *just barely* close enough to a mass market product that jetliners can be produced (somewhat) profitably by a handful of firms with lots of hiccups and screw-ups and ongoing government subsidy in the form of military R&D and contracting.

Supersonic civil aircraft are not, at present, a mass market. They have the potential to one day become a mass market, but only if someone gets basically every decision in the development tree right while operating on a relative shoestring of venture capital funding, so that the first "project" iteration of the eventual "product" shows sufficient promise to justify continued investment.

I don't know enough to guess what the chances of that are, but I can't see them being very good for any individual effort.

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John's avatar

I have maintained that SST is made obsolete by wifi on planes

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