2 ms·
While I acknowledge absolute free market may result in tragedy of the commons in many scenarios, you gave a pretty poor counterexample American towns are going
by trinovantes 5y ago
While I acknowledge absolute free market may result in tragedy of the commons in many scenarios, you gave a pretty poor counterexample
American towns are going bankrupt because federal/state subsidies (e.g. the Highway Act) allowed them to make inefficient decisions like creating financially unsustainable suburbs instead of intensifying urban areas