[Alberta's Child]

That link you posted explains why private roads financed by tolls had so many flaws even in the early 1800s. It undermines your previous post on that very topic, doesn't it?

That's exactly the dilemma that any private entity faces in a capital-intensive industry. If the industry in question relies on a very expensive asset with a long cost recovery period, it will often only make the investment if it is not subject to a business environment with competitive pricing. That's the basis of a "public utility" business model.

[Wuli]

B,S.

Its why capitalists should not get into bed with the government and why the representatives of government should not get taxpayers on the hook for risks that need to be taken by private industry.