RE: State Capitalism: A Contradiction in Terms?

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State Capitalism: A Contradiction in Terms?

in economics •  8 years ago 

Demonstrating preference? Rothbard correctly diagnosed that the fundamental problem with government is that taxpayers don't demonstrate their preferences for public goods like they demonstrate their preferences for private goods. Rothbard's fundamental error was assuming that taxpayers can't demonstrate their preferences for public goods like they demonstrate their preferences for private goods. Voila! Here you are!

In order to fix the government... you simply need to convince Netflix subscribers that they would greatly benefit from the opportunity to use their monthly fees to demonstrate their preferences for the shows and movies that match their preferences.

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