Governments oftentimes are spectacularlyincompetent. And when thathappens, it creates an opening for the private sector to step up in rather unexpected ways.
I’ve even created a semi-serious, semi-satirical series to commemorate these examples.
The libertarian paradise of Mexico
- The libertarian paradise of Nigeria
- The libertarian paradise of Somalia
- The libertarian paradise of Germany
- The libertarian paradise of Argentina
- The libertarian paradise of South Africa
None of these places are libertarian, of course, but each of them illustrate how markets can provide surprising benefits. In most of the examples, markets are even providing so-called public goods.
Today, we’re going to revisit South Africa because of a remarkable report in the Wall Street Journal.
Written by Alexandra Wexler, it shows how the private sector is providing road repair, fire protection, and traffic control.
South African insurers are joining other private companies in taking over public services…
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