> The government (local, State, and Federal)appropriated responsibility for the Mississippi River levy system, the drainage systems, the pumping systems, the road ways, and the bridges, but apparently, they left it to the market to provide the service of evacuating the poor and the infirm.< > --- Michael Giesbrecht
Why do you think so? The federal government is being blamed for not sufficiently preparing and executing evacuations. This implies the general belief that this too is the responsibility of government. Governments have appropriated the means of evacuation, such as highways, public transit, and military resources. > is this an example of market failure? No. The market is not operating in transportation and in emergency services, as it has been pre-empted by government. Only when the highways, public transit, and emergency services are voluntarized would the market be culpable. Today, everybody expects the cavalry that trots to the rescue to be governmental. Fred Foldvary
