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by tmoertel
27 days ago
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> What are the incentives for corrupt people to fix potholes under a purely capitalist economy? Well, in a purely capitalist economy, the answer would be property rights, competition, and liability. For example, a road would be owned by someone, and you could sue that someone for damages if the road damaged your car. A road owner could discharge liability risk by purchacing insurance, and insurance underwriters could require some minimum standard of maintenance from owners in exchange. > You need some kind of government for such things as education, healthcare, roads... fixing potholes... The whole point of the article that spawned these discussions is that society has already delegated the responsibility for fixing potholes to the government, and the government is doing a crappy enough job of fixing potholes that "art activists" need to make potholes into public art projects to get the government to actually do its job. |
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> This resulted in eliminating funding to the county's senior-citizens council, town offices going unheated during the winter, poorly maintained roads filled with potholes, and the Grafton Police Department being reduced to one officer (the police chief), who said he was unable to answer calls for service as the town had no money to repair the one police vehicle left. Other issues were inconsistent basic public services, such as trash collection.
Most roads are unprofitable individually, but still beneficial to the greater economy. It's very unrealistic to expect private individuals to build and maintain them. And the logistics of paying for every street one drives one, and the profiteering this enables sounds hellish.
There was a time when the government was able to build and fix stuff. We should probably get to fixing that, by kicking out the parasitic contracters, actually hiring competent civil servants at competitive wages, taxing the ever-increasing wealth of the top 1%, etc. Not by privatizing roads, which is a nonsensical idea that failed miserably anytime it was tried.
The golden age of America (and the West) happened when redistributive taxation was maximal and the government had the means and the will to improve citizens life. We've been privatizing stuff ever since the 1980s with arguably disastrous results. It's time we came back to first base.
[0] https://en.wikipedia.org/wiki/Grafton%2C_New_Hampshire