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Under (pure) Capitalism, there isn't public spending for private individuals. Not to mention government influenced pricing... single payer is pretty far away fr
by John23832 10y ago
Under (pure) Capitalism, there isn't public spending for private individuals. Not to mention government influenced pricing... single payer is pretty far away from laissez-faire and capitalism.
- ende 10y agoCapitalism is simply an economic system based on private ownership of property. Public spending is completely irrelevant. Single payer systems are entirely compatible with capitalism, and is a good example of Social Democratic policy (not to be confused with Socialism, which it is not), which seeks to work within the structure of Capitalism. A Socialist system would be one in which private ownership (of health care) is prohibited; perhaps the closest example among modern democracies being the NHS in the UK.