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  1. #1
    Quote Originally Posted by wufwugy View Post
    It is choice. Just not a very good choice.
    This is rather like saying if you don't like the train service to work, you can always walk 10 miles.
    Quote Originally Posted by wufwugy View Post
    ongies gonna ong
  2. #2
    Quote Originally Posted by OngBonga View Post
    This is rather like saying if you don't like the train service to work, you can always walk 10 miles.
    Yeah. It IS. And it matters. I explained in the post I referenced earlier how just this small amount of choice is possibly responsible for a lot of "keeping the company in line".

    The example you gave is a little extreme; quite a lot happens before a person decides to walk ten miles instead of take the train.

    Government regulation of an industry where the choices are not that great doesn't fix the problem, and it makes the natural function of the market regarding overcoming that problem less effective.
  3. #3
    Quote Originally Posted by wufwugy View Post
    The example you gave is a little extreme; quite a lot happens before a person decides to walk ten miles instead of take the train.
    I think expounding on this can exemplify well why private roads/transportation can work quite well.

    What is the "lot that happens" before a person decides to walk ten miles to a job instead of taking a train? Well, most of it I won't mention here because there's so much, but one of them is that for a person to walk ten miles to a job instead of taking a train, that person would likely need a HUGE pay raise. Like maybe ten or twenty more an hour, maybe more. Walking ten miles to work is quite costly, and it is directly on the worker (or potential worker). That worker then puts the cost on his employer (or potential employer). Where then would the employer put that cost? A variety of places, one of which includes the causer of why the worker is deciding to walk ten miles instead of taking the train.

    Since in this scenario, this problem is not just to one person, but to a very large number of people all at once, there would be a lot of employers who have very strong incentive to get the train company to shape up. There are a variety of ways they can do it; one might be to pool together and buy the train company out, and then make the train experience as efficient as possible so that then their workers and potential workers will demand less wage in order to work.

    This is essentially the process by which private roads would likely work. The worse the travel conditions, the worse it is for every damn employee and employer in the area and that is believed to be reflected in wages so well that this concept is covered in labor economics textbooks. Then incentives in a private road system would be towards getting people to and from where they produce and consume as efficiently as possible. Indeed, it could be the case that businesses would operate at a loss on roads just so they can make travel as efficient as possible. Most firms already do this sort of thing, like operating at a loss on printers to get more of them in people's hands then making profits on the ink.

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