In total, therer'e ome market factors. They are private and certain dimensions, but government's hand is very heavy. The restriction of supply takes the form basically regulatory capture. And then monopolies in cartels, right? Take education as example. Education is very straightforward on this. Catesr 12 ind the us. Is a government monopoly. M, and then the university system is a cartel. Hotel and hospitalor behold. Hospital. Well, i just have to mention causi you can't say it enough. It turns out. These things wiull get really, really expense en. There would create a demand for government to get involved and fix it,. which, of
What's the single best thing happening in technology right now? According to entrepreneur and venture capitalist Marc Andreessen, it's the ability to live in rural Wisconsin but still earn a Silicon Valley salary. Andreessen also explains to EconTalk host Russ Roberts why software is still eating the world, why he's an optimist, and why he's still bullish on Bitcoin and the blockchain.