I came to this realization of this by deconstructing the ideas of Socialism. I came to the conclusion that both can be bad or good, but it depends on who's hands it is in. If the person who is head of a company or a head of nation cares about people, and not power, then the little man will be happy.If the person wants power, than the little man will suffer. This is true in either cases of government.
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Anonymous2007-01-15 18:26
"Now why are you entitled to take the fastest route?"
Entitlement has never entered the issue. My point was that roads are natural monopolies and private ownership of them will tend to increase prices. And roadcompanies will prolly also consolidate and try to buy eachother out, and roadcompanies will prolly be bought by carcompanies so they can optimize sales.
"If the road owner let only 5 millionaires per year use the interstates, he'll lower prices."
Assuming he has no competition, he would set the price where revenues are at a maximum. Oversupply does not matter. Why doenst luxury resturant lower prices, they should if your argument would be true. Other modes of transportation is not real competitors as they are not equal goods, they are just like the other modes of transportation. For example, one person prefers planes because of comfort while another prefers cars because of freedom, planes and cars are not complete competitors because of this, they satisfy different wants.
"The free market is inherently less wasteful, as waste is limited by competition."
Yes, but not if there is a monopoly, this have been my point all along. Come on, its stupid to assume that the free market allways in any world in any circumstances is more efficient than the state. For one, this makes your claims unfalsifiable, meaning they are not arguments but opinions equal to religious belief.