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n7gifmdn@lemmy.ca

The Economic Lesson in Ghostbusters Everyone Missed (www.aier.org)

submitted 1 year ago by CCL@links.hackliberty.org to c/libertarian@lemmy.ca

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Ghostbusters and the Use of Knowledge in Society

The utility man does as he’s told—and of course all hell breaks loose. But notice who actually made the decision.

It wasn’t the scientists who built the ghost storage facility. It wasn’t the utility worker, who at least had some knowledge of power systems. It was the government bureaucrat who knew absolutely nothing about the system.

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[–] Guns4Gnus@lemmy.ca -1 points 1 year ago

Well, yeah.

It's a Reagan era movie.

Of course they'll use the fallacy that only private industry can deal with an issue that was created specifically for the point of the movie.

If they chose something that was real, they'd find out that private industry is only effective when they have a public industry forcing them to compete on efficiency, rather than just fleecing the market.