The most successful societies balance investment in public goods and private goods. The ideal balance can change over time and the division between what is public and private can change as well. Note that in Japan the privatization of the railroads seems to have worked well. In Vancouver the lack of public sector housing investment seems to have led to a market failure. We can be sure that countries that move too far in either direction get poor results.
The most successful societies balance investment in public goods and private goods. The ideal balance can change over time and the division between what is public and private can change as well. Note that in Japan the privatization of the railroads seems to have worked well. In Vancouver the lack of public sector housing investment seems to have led to a market failure. We can be sure that countries that move too far in either direction get poor results.