Discussion about this post

User's avatar
Christos Raxiotis's avatar

If a tree is sick and has some corrupt fruit, you can cut those fruit.

If a tree is sick and MOST of the fruit is corrupt, between cutting the tree and doing nothing, most people whould chose the former

Expand full comment
Peter Foreshaw Brookes's avatar

I suppose the challenge, in the face of this sorting problem, is how to ensure that government can ever get close to optimal on this. I like how things like school choice vouchers combine state subsidy with market mechanisms to achieve results. I wonder if a similar thing could be done for things like national parks. Create a system of a voucher for those sort of schemes which people can use to allocate funding towards a project.

If no option receives sufficient allocation, then the money could be released to people. It's a way of using public choice to allocate resources without having a free rider problem - since the money is only released conditional on the lack of support for available projects.

Expand full comment
7 more comments...

No posts