The very approach to calculating “profit” is backwards.
We’re not measuring the economic value ad of the lane of transit. We’re measuring the margin between cost of the lane and the immediate rent produced.
Concepts like “hours lost in transit” or “physical harm from accidents” goes entirely out the window. Negative externalities are never measured by capitalist economics.
The very approach to calculating “profit” is backwards.
We’re not measuring the economic value ad of the lane of transit. We’re measuring the margin between cost of the lane and the immediate rent produced.
Concepts like “hours lost in transit” or “physical harm from accidents” goes entirely out the window. Negative externalities are never measured by capitalist economics.