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by gbacon
2640 days ago
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Anything can be said to be “worthwhile,” a political rather than an economic characterization commonly followed by handwavy appeals to unidentified stakeholders, intangible dividends, and vague but supposedly urgent need. If customers are unwilling to pay the asking price for an offering, the value proposition is off. Perhaps the model is bad, the price too expensive, or the terms old-fashioned. “The market” is individuals seeking mutually beneficial trades: greedy capitalists and greedy consumers. If the trades aren’t happening, the necessary mutual benefit is not present. Forcing people to render services or accept services for terms they wouldn’t voluntarily agree to is not freedom. Yes, voluntary persuasion is hard work. |
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Then why does the US governement fund roads? Because there's a collective bargaining / coordination problem. It benefits us overall if we have them, but that doesn't mean that a profit could be usefully generated from maintaining them, or that this is the best way of running the system (we want to maximise use of the infrastructure, not discourage use with high usage tariffs).
The is fundamentally an economic argument, albeit one that recognises value beyond monetary value.