In intro micro, students learn that if demand increases, both price and quantity increase. Price regulation invariably reduces quality. The invisible hand of the market has its counterpart in the aloof disinterest of the judge. If the productive efficiency of this system is typical of government operations, full privatization would not bankrupt the rail system. I'll tell you why.
Planners know just about what can be produced.
If you introduce new machinery, you have to shut down the plant, or part of it. That means the Plan will not be fulfilled. That will be bad for the factory director and the workers. An efficiency advantage of Friedman's voucher program over full privatization is that all children would be assured 13 years of quality education. In 4-6 sentences, answer all of the following questions.