Source: Bet On It
by Bryan Caplan
“The best way to make Machu Picchu work like clockwork is, as usual, full privatization. Auction off the whole site — including the railroad — to international investors. In the short run, prices will rise, passport checks will vanish, and hours of operation will double. In the longer-run, cable cars will replace buses, and Ciudad Machu Picchu will get its own international airport. This is plausibly the most amazing archaeological site on Earth, so there’s no reason it shouldn’t be as popular as Disneyland — which gets over ten times as many visitors. Make the experience vastly more convenient, ration with money instead of queuing and aggravation, and all will be well. That said, I’m painfully aware that no electable Peruvian government will heed my advice to privatize their nation’s crown jewel. But rather than give up, I’ve concocted a much more palatable privatization proposal.” (02/09/26)