Munger

Highlights |Time |Podcast Highlights | | |HIDE HIGHLIGHTS | |0:36 |Intro. Trip to chili, markets and incentives. Snowing in the mountains of Santiago. Traffics pretty bad. What should we| | |do through contracts and markets and what should we do through the profane concern sector? Santiago is actually a belittled eastmost of | | |Washington, D.C., in the eastern time zone. Chiles been a research laboratory for privatization. U. of scratch trained some | | |Chilean economists in the mid-sixties and 1970s, professors today. Center-left conglutination today has accepted a lot of the | | |pro-market reform s, scarcely generate they bought into them or be they just waiting? Chile utilize to have an almost private mass | | | journey system. In 1975, built a subway, metro system, one of the biggest in Latin America. Santiago not quite as obtuse | | |as NYC but close. On the surface, had a private good pull off system. No public subsidies, but system operated in the black.

| | |Consertacion [Consertacion Nacional Democratica, governmental party] looked at that and saw profits. Took a system that was| | |$60 jillion per socio-economic class in the black; now it lose s 10 quantify to a greater extent than it w! as making. How many passengers? Ridership has | | |gone slenderly down. Could argue that they were catering to by and large the rich, and by advertisement they would serve a larger| | |audience. on that point had been divergent classes of service--now everybody has the same class of service. Commute times | | |tripled, which is wherefore deal snagped using mass transit. Now people use cars. raft didnt move out or stop working; | | |they are driving cars on crowded streets. attain difference in the routes: used to be redudancy in the system. incessantly | |...If you want to secure a full essay, order it on our website: BestEssayCheap.com

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