Ryan Petersen is a smart guy with a good perspective but he started Flexport in 2013. He didn't go to Cal Maritime; he went to Berkeley. He doesn't have a deck license or even a CDL; he was a member of Cal Sailing. He is however smart and smart is good. Time will tell whether his suggestion was a major factor or just a good idea. I like his Twitter thread: What caused all the supply chain bottlenecks? Modern finance with its obsession with "Return on Equity." twitter.com/typesfast/status/1453753924…

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." twitter.com/typesfast/status/1453753924…

> He's wrong to suggest that the billionaire class and founders What? How did you get billionaire class and founders? He specifically says founder led companies and family owned businesses. Unless you reduce that group to the Waltons, how does family owned businesses equate to the billionaire class? "Only founder led companies and family owned businesses can stand up to the immense pressure from the dogmas of modern finance."[1] 1: twitter.com/typesfast/status/1453753942…

He lost me when he turned the thread into a plea to not raise his future taxes: mobile.twitter.com/typesfast/status/145…... We need billionaires like him! Not the other kind! /s

Sort of related (conceptually) to the Flexport CEO's recent thread (twitter.com/typesfast/status/1453753924…) about ROE and just-in-time production, and their impact. There was a long HN thread about that as well (news.ycombinator.com/item?id=29029825).