Earlier quoted context omitted.
>very different incentives to the market. They are concerned about being elected, that's it. Hence why we have huge infrastructure bills coming to haunt us, pensions that are out of control (though dwarfed by infrastructure costs), and other passing the buck behavior. That's not to say they're bad, do no good, etc. Just that their incentives are such that they can't enact good policy oftentimes or possibly even tell…
> They are concerned about being elected, that's it. Politicians are clearly incentivised by election, but saying its their only concern is generalising and reductionist. The rest of your comment makes a lot of points, but broadly seems to assume that I'm claiming that private companies have no place in transport infrastructure, which is not the case. My point was that "the market" meaning an unmanaged build-it-and-t…
https://en.wikipedia.org/wiki/Economic_calculation_problem
Of course, public things like streets and roads and so on needs some planning. I'm no Ayn Rand "privatize all the things" guy.
But make that infrastructure flexible and less rigid and allow a city to adapt. The city where I live had 20K people 40 years ago, and was a logging/mill town. Now it's a tourist town with a budding high tech industry and closing in on 100K. Too much land use planning gets in the way of a city adapting.