Comment: That may be fine in theory

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Michael Nystrom's picture

That may be fine in theory

And under a free market.

But what most people fail to understand now is that we don't have a free market. The economy that we have is set up under the rules described and dictated by the Federal Reserve.

Privatizing public infrastructure is expensive. Who could afford to buy out a state's highways? Not you, and not me. But under the current system, it would be anyone who has political connections with the Fed / banking system, which just prints money at will. How can an honest person compete with that?

In other words, it would take some kind of banking/government insider to pull of such a deal. The result is not private enterprise, it is a government / business hybrid, aka fascism. The problem with that is you have a private company that also has access to the use of force. And that is a terrible combination.