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Or, maybe we shouldn't just roll over and accept artificial scarcities driven by archaic, guild-like gatekeeping and capitalism. https://www.motherjones.com/ke
by WalterSear 9y ago
Or, maybe we shouldn't just roll over and accept artificial scarcities driven by archaic, guild-like gatekeeping and capitalism.
https://www.motherjones.com/kevin-drum/2013/11/its-doctors-who-control-number-doctors-america-not-government/ https://www.motherjones.com/kevin-drum/2013/11/its-doctors-w...
> So the number and composition of residencies is controlled by doctors, even as they’re subsidized by $13 billion in taxpayer money every year. And doctor pay, which almost everywhere is based on Medicare rates, is controlled by doctors. It’s doctors who are directly responsible for both their own high pay and their own low numbers.
https://washingtonmonthly.com/magazine/julyaugust-2013/first-teach-no-harm/#13850498142331&action=collapse_widget&id=8589671 https://washingtonmonthly.com/magazine/julyaugust-2013/first...
> The U.S. spends $13 billion a year subsidizing graduate medical education. Yet almost all of this money winds up producing the wrong kinds of doctors in the wrong places, with America’s most elite teaching hospitals being the worst offenders.
- nine_k 9y agoI only don't see how it's a shortcoming of capitalism. I'd say it's the lack of capitalism, with its free market competition. Artificially limited supply is usually a result some state-enforced regulation.