Oh my. In our market economy, some of the services that are invented by private actors become infrastructure. The last century has seen a vast philosophical and political gulf among different ideologies in terms of whether that infrastructure should be managed by the public (nationalization) or by privately run companies (privatization) and with private companies, what kind and degree of rules (regulation) those companies should be placed under. Because there are major flaws in both directions, we're always disappointed. I aim to lay out the flaws and strengths of each model in pursuit of designing a better path.
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Nationalization, Privatization, Regulation
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Oh my. In our market economy, some of the services that are invented by private actors become infrastructure. The last century has seen a vast philosophical and political gulf among different ideologies in terms of whether that infrastructure should be managed by the public (nationalization) or by privately run companies (privatization) and with private companies, what kind and degree of rules (regulation) those companies should be placed under. Because there are major flaws in both directions, we're always disappointed. I aim to lay out the flaws and strengths of each model in pursuit of designing a better path.