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25.1.06

Competition and privatization...

Competition improves quality. Monopolization of a market or industry leads to reduced quality, as a producer has no incentive to improve the quality of its product.

One area in which this rule demonstrates itself regularly is in the realm of education. Given a chance, people overwhelmingly opt out of government schools and into charter schools or private schools.

Another area that the government has failed to manage successfully is our roads. Joe Mysak says privatize them.

Cintra-Macquarie to take over Chicago Skyway for $1.8b