MEGAN MCARDLE: Say, maybe those Chinese bullet trains aren’t all they’re cracked up to be.

With all the other horrible events of the weekend, China’s high speed rail crash sort of faded into the background. But the toll is horrific: 43 dead, and hundreds more injured after one high speed train ran into another. Critics are now arguing that this is the result of cut corners in the construction process . . . .

China’s decision to build a $400 billion, 16,000 km high speed rail network in the space of a few years was initially greeted with awe at their commitment to winning the future, and laments from the usual suspects that America could never do something this fantabulous. Then the network was forced to slow the average speed of its bullet trains down due to safety concerns; lower-than-projected ridership caused big deficits; and the head of the rail ministry was removed in a tawdry corruption scandal.

But they’re winning the future.