Summary:
Governor Cuomo declared a state of emergency for New York City’s MTA due to all of the accidents and poor performance of the trains and subways in and around New York City. First, any government cannot perform anything as well as private enterprise in supply of goods and services to a mass market. Why? Because of the nature of competition which is:
The convergence and divergence of the priorities of an entity that produces a product or service. See the explication of why Convergence necessarily generates Divergence which spawns efficiencies in an economy in this video.
Watch video:
Listen to audio:
Podcast: Play in new window | Download
