5 ms·
The problem is that "inducing demand" for people who would otherwise take public transit doesn't actually increase efficiency. Putting more cars on the road is
by noahmasur 4y ago
The problem is that "inducing demand" for people who would otherwise take public transit doesn't actually increase efficiency. Putting more cars on the road is not necessarily a net benefit.
See this video from CityNerd for more details: https://www.youtube.com/watch?v=za56H2BGamQ https://www.youtube.com/watch?v=za56H2BGamQ
- maccolgan 4y agoYou are making the assumption that deliberately causing an undersupply of road space so that people are forced to use public transit is a net virtue, while in reality it's just acting against the market.
- tashi 4y agoNot to say they've found a good strategy(!), but when the market fails to price in externalities like pollution from cars, acting against the market would be the right thing to do, wouldn't it?
- aporetics 4y agoYes. The market is not a good in itself. Nor is it a perfect system.
- chronometry888 4y agoAnd you are making the assumption that acting in accordance with the market is automatically a net virtue.
- sagarm 4y agoPublicly funded road infrastructure is has nothing to do with the "market."