- Sep 2021
What happens to this graph when we overlay pure capitalism instead of a mixed economy? What if this spectrum was put on a different axis altogether? What does the current climate of the United states look like when graphed out on it. Which parts have diminished over the past 50 years with the decrease in regulation?
Some of these areas benefit heavily by government intervention and regulation.
We need the ability to better protect both common and public goods.
- rivalry: does use by one person physically preclude use by others?
- excludability: do laws prohibit access to these goods?