Kiera Ziegler, Chapter 3, Question 6

After reading last chapter when Wheelan talked about private ownership can me more beneficial for everyone. In this chapter he also talks about how private ownership of something will make sure it gets put to the best use. However, this is not always the case, he gives an example of how private ownership can damage the good also. His example was Chicago's lakefront. If the government did not own the land someone would chose to build on the land because that ensures they would make the most money. This is not the best use of land though, it would block the the view for many people and eliminate the benefits to many of the people that simple appreciate the open lakefront from a distance.  This was sad to me that the only way an asset is used to its best use if the most money is able to be made off of it. As Wheelan pointed out there is no way to charge someone for simply appreciating the view, because of this the government has to step in. Companies often do things to make the most money and spend the least amount of money, because of this the public and what is best for them is often not considered which often causes them harm.