|
|
|
|
|
by Prrometheus
6529 days ago
|
|
Transportation is a good with a large demand. I am certain that, absent the government, quite a bit of transportation would be demanded and provided in the free market. The quantity of roads or rail produced might be less without all the subsidies, but I'm not sure this would be a bad thing. It would certainly be easier on the environment, since transportation tends to be resource-intensive. The amount of transportation produced in the free market would be equal to the amount that people were willing to pay for, and that seems fair to me. Producing roads that people aren't willing to voluntarily pay for is a social loss. The people paying for the roads would rather use their money for other things. We are taking their consumption away from more highly valued goods and putting it towards lesser valued goods. |
|
I like free markets too, but whenever there's something like the Tragedy of the Commons or Moral Hazard involved, free markets lose much of their advantages.