This result is so devastating that many public choice economists themselves, including the father of social choice theory Kenneth Arrow, refuse to acknowledge what it implies: The myriad paradoxes and infirmities infecting democracy prevent it from ever living up to expectations that it can be a stable and efficient means of guiding and improving society.

FORBES: The Myriad Infirmities of Democracy

But the alternative you put forward namely, that government play a greater role in certain aspects of last-mile broadband infrastructure raises profound concerns involving transactions costs (which are intertwined with public choice theory and the economic calculation problem).

FORBES: Telecommunications And The Public Use Principle

Public choice theory explains the incentives and behavior of the tens of thousands of government employees who work in the bowels of the Bureau of Labor Statistics, Bureau of Economic Analysis, U.S. Treasury, Office of Management and Budget, Economics and Statistics Administration, and countless other agencies who generate and massage spreadsheets day in and day out.

FORBES: Distorted Government Statistics Endanger Our Economic Health