| What social contract? That's a convenient fiction, but no one ever agreed to any social contract anywhere. My adopted home of Singapore goes a lot harder on private initiative than Thatcher and Reagan ever dreamed off. And thanks to that, and some other factors, they went from third world to first world (or arguably zeroth world) in less than a generation. > The core problem with free markets being used as a mechanism to settle all societies ills is that theory ignores natural monopolies. You can't have a car parking space and a children's park in the same place: you must make a choice. You might want to read up on how https://en.wikipedia.org/wiki/Natural_monopoly What you are describing here has nothing to do with a 'natural monopoly'. Funny enough, most places in the US have outrageous mandatory minimum parking space requirements. A free market would most likely provide less street parking. See https://en.wikipedia.org/wiki/Parking_mandates and especially https://en.wikipedia.org/wiki/The_High_Cost_of_Free_Parking Revenue means people are willing to pay for something, something they value. So it's not the be-and-end-all for how to run your city, but it's better than many other ways political decisions are made. (And better than whatever political decision procedure leads to mandatory minimum parking requirements, IMHO.) |