Billionaire wants Michigan to reject free bridge to Canada & use his bridge
news.nationalpost.com
news.nationalpost.com
The fact that a single person is allowed to own an international crossing is laughable. I know they probably can't take it away from him, but that it happened in the first place is a joke. I hope that this never happens again.
Edit: especially an international crossing that accounts for 25% of US-CAD trade.
Trucks can't go through the tunnel.
Why laughable? If the owner of the bridge does not provide good enough value and operational efficiency, then competing bridges will be received with favor instead of skepticism. If the government owns the bridge/infrastructure and does not provide acceptable value or efficiencies, it would likely be even harder to create an alternative.
I'd also sign near perpetuity contracts with all the shipping firms offering them lower rates for exclusivity of my bridge.
I'd push for tougher building and environmental standards so that any would-be competitor would have a larger barrier to entry and have to go through a longer approval and vetting process than I ever did.
My bridge would be the one with the proximity of gas stations, factories and major roads simply because it was there first.
Other bridges then wouldn't be built not because I'm offering a better service, not because the patrons are charged fair tolls, and not because the roads are clean and well maintained.
No. Other bridges wouldn't be built because my friends wouldn't approve them; they would be further away from the major roads, they would have to go out and pitch to each shipping client, and face a substantially higher cost of constructions. Additionally, they would have to deal with the arguments "We already have a bridge" and all the NIMBY lawsuits that comes with it. Hell, I'd even pay for their lawyers.
I'd focus on maximizing profit and making sure I remain the only game in town.
When someone has the capital and motivation to effectively stop the competition from ever forming it's in their interest to do everything they can to pre-emptively do so from the start.
Heck, it's probably even outlined in the initial business proposal given that addressing potential competition is such standard practice.
http://en.wikipedia.org/wiki/Charles_River_Bridge_v._Warren_...
Growing up in Hamilton, having family in Windsor, and frequently visiting the Detroit area, it was clear that the U.S. bound truck traffic heading over the Ambassador produced totally insane backups. (Similar backups regularly exist for the Blue Water Bridge a little further north in Sarnia.)
Do anarchists have a solution for the straightforward fact that "free markets" lead to massive concentration of power in the hands of a few unaccountable billionaires?
The rule that wealthy will buy of govt is not a rule. Its just an observation that is pertinent today because they adapted to the legislative system, and the legislative system didn't evolve fast enough to get away from them.
The corruption and overtake of the US government is many years in the making. It isn't complete, and it is repairable and it has historical been able to achieve a stable healthy dynamic equilibrium.
Anyone who considers himself educated should be able to instantly spot the author of that quote. How many HN readers, aside from pg, could do that? It's not okay that this kind of ignorance is now considered acceptable among the "educated" and wealthy classes.
But Peter Thiel's entrepreneur/libertarian monoculture is expanding. These culture killers are celebrating the death of the liberal arts. It used to be that entrepreneur billionaires funded the arts, now they are actively seeking to dismantle them out of some kind of resentment. Things are looking bleak for the open, civil society.
Mark Zuckerberg called for the end of privacy in his book. Our society is putting sophomoric man-children in charge of the cultural landscape.
“The Morouns are greedy. They are manipulative. They are cynical.”