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Markets are geared towards individualised, itemised solutions. They have all kinds of perverse incentives. For example there’s no incentive for car companies to
by Synaesthesia 6y ago
Markets are geared towards individualised, itemised solutions. They have all kinds of perverse incentives. For example there’s no incentive for car companies to make public transport, or a cheap efficient car. Hence we’ve been seeing cars get larger and fancier instead.
In New York and other cities, financiers and banks buy up entire apartment blocks and let them stand empty to drive up property prices.
The advantage of the government is it isn’t tied to a profit system.