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 Originally Posted by d0zer
It's hard to defend inefficiency for obv reasons, but I guess some things are just important enough to overpay for just so you make sure everyone gets some, like the american military.
Well, part of my point is that "everybody getting some" is improved by the markets. I don't know for certain, but it appears that Central Park decreases accessibility to parks in aggregate. Being that it's in the middle of urban congestion, not that many people have easy access to it relative to population and costs and other factors. How networks organize themselves isn't unique to markets. City topology suggests that access and quality for parks would increase if they're somewhere on the perimeter of the urban center. I imagine that a lot of people who don't live or work that far from Central Park still have to commute forever to get there, and that if the city didn't subsidize a park, there would be more accessible and higher quality parks elsewhere. And even if the city stopped collecting taxes for the park, if people still valued it, those people could pay for it, which would distribute capital more reasonably, in a fair manner, and ultimately benefits everybody
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