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If state governments made suburbs pay their bills and externalities out of current accounts instead of mortgaging the future and cutting up and poisoning city
by lonelappde 7y ago
If state governments made suburbs pay their bills and externalities out of current accounts instead of mortgaging the future and cutting up and poisoning city residents with highways, the invisible hand of free market economics would push people to live together in cities if they want to keep their highly materialistic lifestyles. As it is, people make short term optimal, long term bankrupt, and tragedy of the commons, pollution externalizing choices.
- closeparen 7y agoI doubt you could build a public transit system without mortgaging the future. If the pollution externalities are priced in, people will buy electric cars.
- lifeisstillgood 7y agoWhat do they drive the electric cars on? I agree about mortgaging the future, but roads + (electric) buses makes a perfectly sensible public transit system for a lot of density levels.