Another important factor here is that our scarce resources will be applied where there is the greatest demand, not the greatest political connections. While the former might sometimes benefit wealthy drivers, this proposal is going to be a lot more egalitarian than the current patronage system. And right now our system is pretty fair in that, when

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A lot of the most important work that public institutions do is the most laborious, it's the most time consuming. It's the first thing that you would optimize away if you were trying to increase the profitability of your VC library, right?

[J]ust imagine taking [privatization] to its absurd extreme. Imagine if we could privatize city streets and create ownership rights for the air. Every time you walked out your door, you would have to pay some fraction of a cent for the privilege. Every time you took a breath, you would pay a far tinier fraction for the chemical changes caused by yo... See more