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10 years ago @ Ludwig von Mises Insti... - Mises Canada In Vancou... · 0 replies · +1 points

In regards to the infrequency of competition in large-scale infrastructure, I would have to disagree. Certainly there are physical limitations to competition, as there concerning everything materially. But I don't think you are accounting for the kind of innovation we might see should free market forces be allowed to flourish.

Think: no one knew what an i-phone looked like 10 years ago. We don't know what a double layer, triple layer, or quadruple layer bridge could look like either.

I don't think it is that far-fetched to assume new technological developments could compensate for a lack of material space. After all, the job of the producer is to meet a demand regardless of obstacles.

If a builder with private capital were to go to his state or local government and apply to build a kind of overlapping bridge, or a kind of double decker, I have a hard time seeing that he would be approved. In a private law, private property society, this builder could build on any unowned space he wished.

The beauty of the market process is that we can't predict would innovations will occur.

My misgivings of government-fostered privatization stem from the likelihood of cronyism.

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