By governments will probably still tax Taxi ownership just like they do now, and just like for the airline industry you'll end up with taxes doubling the price of your trip. I don't believe in a cheap future of transportation as long as government has a say in it...
Yeah, like, because, airports need to see their taxes quadruple in 10 years, with no improvement whatsoever in their infrastructures ? Isn't that very obvious to you that they are just milking the cow and not just paying back for the operational costs ? Same for motorways.
If you are American, your cost of flying and driving is already quite low compared to the rest of the world, what's being "milked?" Since you used motorways and might be from the UK, I don't know what your situation is. Transportation infrastructure is one of those monopolies that the government is the best choice to take care of.
> Transportation infrastructure is one of those monopolies that the government is the best choice to take care of.
There are many countries around the world where the government has no money to take care of the infrastructure and you need private ventures to step in.
relationship > You can't expect governments to do everything. And these countries used to be in authoritarian regimes, so don't blame the private sector, it didn't exist there until recently.
I agree, so we can't make any inferences about them at this point. The problem with the libertarian hypothesis is that it lacks any reasonable examples to support it. There are however plenty of examples of governments that do work pretty well; even the USA is not as dysfunctional as many would like to believe.
> even the USA is not as dysfunctional as many would like to believe.
Well, when you have 15 trillions of unpaid debt behind your door, I can hardly call that functional. If it were any private business they would have gone bankrupt 50 years ago. If you cut the money supply, the government stops in the hour.
You have no idea what it means for the USA to be a debtor of last resort and support the world's most popular reserve currency. Only in a libercrazian world, which is necessarily stuck in the stone age, would the USA go "bankrupt." But this is not the forum to discuss this, I suggest you hang out in reddit's /r/economics rather than /r/libertarian for a more realistic discussion about the American and world economies.
China buys treasuries because its the only think they can do with their forex without destroying their economy; they basically lend us money at a negative interest rate after inflation is considered, and are very happy to do it. If we stopped borrowing money, that would be a big problem as we are a debtor of last resort.
I would love to argue more, but my Beijing to Detroit flight is boarding.
Stop pretending you have the universal truth in the matter. Go and read Hayek for a change instead of Reddit, you will get a whiff of fresh air. Explain me who's going to pay the massive debt when China and others refuse to play the role of creditor in the future. And let's not pretend it's never going to happen.
