3 ms·
There’s a little truth in what you say but a very fatalist part too which is quite untrue. We could say that roads are a natural monopoly (since they have to i
by LeonB 6y ago
There’s a little truth in what you say but a very fatalist part too which is quite untrue.
We could say that roads are a natural monopoly (since they have to intersect everywhere it would be inefficient to have competitors fight and negotiate about every intersection) ...however, the consequences of that natural monopoly can be limited or extreme. For example: do we get to own private cars that drive on those roadways? Or must we all rent a national transportation vehicle at a non-competitive price? etc. where exactly does the “natural monopoly” begin/end and how natural is it?
I caution against letting your thoughts rest on the words “natural monopoly”.
(I think it’s natural for gravity to bring things down to earth. It’s physics. But the NTSB don’t seem to be satisfied with the notion of “natural plane crashes” just being unavoidable.)