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Education doesn't, but police and fire definitely do: police because beat cops reduce crime for everyone, so they're a natural monopoly. Fire as well, since sto
by arjunnarayan 12y ago
Education doesn't, but police and fire definitely do: police because beat cops reduce crime for everyone, so they're a natural monopoly. Fire as well, since stopping houses burning down helps stop the entire neighborhood (especially when you have close-together row houses) burning down.
Healthcare is arguably a public good, at least as far as vaccinations and contagious diseases go, since herd immunity is a large way to fight them (especially for contagious diseases for which we have 80%-90% effective vaccines). Not so sure about other illnesses (like cancer) though. I'm personally for socialized medicine for other reasons (humanitarian), but I agree that the natural monopoly argument is not applicable there.
- Tossrock 12y agoA natural monopoly doesn't mean it provides a public good, it means that a single entity can provide the service more efficiently than multiple competing entities.
- arjunnarayan 12y agoYeah you're right. I'm conflating the two and being confused. I apologize.