Mr Khan said:
Right, but what if there are no financial incentives for Burger King under the free market, but Burger King's existence produces public "goods"? That's where that whole argument against intervention falls apart. The free market needs judicious pushes in the right direction to optimize public benefit |
Give me an example of something that can only function when run by the public sector. The only two examples that I can really think of are national defence and law enforcement. Even in these sectors, private sector can cover a wide array of services. The US military, for example, continuously turn to private contractors to handle catering, hospitality, etc.







