|
|
|
|
|
by holbrad
1569 days ago
|
|
Generally for most goods markets work really well. There's two intrinsic failure cases: externalities and monopolies. So arguably housing fits into the monopoly bucket, especially if you lean towards a land value tax. Safety and a monopoly on force most would argue are the domains of government. But the rest of your examples seem fine to be market based, though the devil is in the detail. |
|
I agree, but you are omitting two other cases: Equity and availability.
Again, markets are built to serve those who provide the highest profit. That's fine for iPhones, but not for health, safety, education, basic food, and basic shelter. Everyone should have those, regardless of how much profit they provide.
Markets also depend on 'creative destruction', businesses fail and their goods and services go away. That can't happen with healthcare, food, education, safety, and shelter. There are 'food deserts' in poor communities, where people can't get anything but expensive corner-store groceries. We can't have a safety, education, shelter, or healthcare desert (or a food desert).