4 ms·
The best option is it being decentralized and diffuse and operating through market mechanisms. If that leads to bad outcomes, then government is a next best ch
by mlyle 8mo ago
The best option is it being decentralized and diffuse and operating through market mechanisms.
If that leads to bad outcomes, then government is a next best choice.
(Of course, all the special cases, natural monopoly, etc etc etc-- government has a role in addressing the bad outcomes associated with those).