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A lot of the core components of government are subject to well-known areas of market failure, examples include a well-regulated militia and the justice system.
by dantheman 16y ago
A lot of the core components of government are subject to well-known areas of market failure, examples include a well-regulated militia and the justice system.
When were market solutions ever tried for these problems? Not being an ass, im just looking for info.
- pedrocr 16y agoGlobalization could be argued to be a market solution for war. If your economies are interdependent you're much less willing or able to enter war. Seems to have worked in Western Europe.