[ExI] Americans are poor drivers

Stathis Papaioannou stathisp at gmail.com
Wed Jul 8 06:28:36 UTC 2009

2009/7/8 Rafal Smigrodzki <rafal.smigrodzki at gmail.com>:

> Yet, if there is one owner of roads, Mr John D Public (the D stands
> for dumb), there is no real incentive for technological progress, for
> increased efficiency, because Mr Public can always take some more of
> your money or time to cover any of his stupidities. A competitive
> private owner would have to attract you with speed, comfort, safety
> and low prices - he wouldn't put idiotic, blinking red obstacles in
> your path.

So what would you do if you were a shareholder in a company which
owned the roads? Assume these are a special class of shares which
cannot be traded, but which give you voting rights and the rights to
any dividends generated or costs incurred.

Stathis Papaioannou

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