True, but part of this higher cost would also be to handle all the "requirements" from the government from years of accumulated desires from the people (accountability, supporting minority owners, prioritizing US suppliers, hiring veterans and the disabled, reporting sexual harassment, etc.). In the end, it's all one big cycle with each part blaming another, when in reality this is roughly the best we can do with a system where everyone acts in their own self interests and agency.
In such a system, doing anything takes a lot of time and money. Look at extending subway lines in NYC. The unions, negotiations with property owners, environmental regulations, etc. also impose a major cost and roadblock. Not saying these are bad things to support, as we do want those things, but we should recognize that each of these requirements reduces efficiency (probably exponentially).
In such a system, doing anything takes a lot of time and money. Look at extending subway lines in NYC. The unions, negotiations with property owners, environmental regulations, etc. also impose a major cost and roadblock. Not saying these are bad things to support, as we do want those things, but we should recognize that each of these requirements reduces efficiency (probably exponentially).