The failing of capitalism
July 16th, 2008 |It seems to me that the free market is really great at providing people with what they want in the here and now.
Where the free market seems to fail is in planning for the future requirements and services that the public will need.
If fuel costs continue to rise then the public is going to desire a more developed mass transit system than we currently have in place in this country. It’s obvious that private industry is not going to invest in a mass transit system, since they have not to date. We could have a serious near term need for this system.
I think government needs to have a more active role in trying to forecast the future needs of society and in making plans to address those needs.
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