Wednesday, June 14, 2017

Technically Social Services, Toll Roads, and Adam Smith

Nina Shapiro presents a must read entitled the “Hidden Cost of Privatization”. I will not even attempt to do its excellent discussion beyond noting some conservatives what to pretend that the only public good is national security but she makes the case that roads are also a public good. Guess who also made that case?
as Adam Smith emphasized in The Wealth of Nations, roads and other transport facilities should be undertaken by governments not to increase the revenues of the “sovereign,” or “defray” the expenses, but to “facilitate the commerce of the nation.”

1 comment:

Eubulides said...

Alas, the lawyers have been significantly more thorough on misnamed 'privatization', which needs to go the way of phlogiston: