2/2: #ClassicRichardEpstein: State Spending & its discontents: 2/2 @RichardAEpstein @HooverInst Redistributing tax dollars: State funding for the public good?

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2/2: #ClassicRichardEpstein:  State Spending & its discontents: 2/2  @RichardAEpstein  @HooverInst   Redistributing tax dollars: State funding for the public good? (Posted August 2021).

Pro:  Once those roads, rails, pipes, and wires are acquired by the state, they are often subject to traditional common carrier obligations of universal service at reasonable rates, whether the state retains operational control over these facilities or transfers them to private parties. The use of state power for infrastructure is thus tied to a credible theory of market failure.
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