4 ms·
"It's because those dirty, rotten scoundrels are greedy" isn't a sufficient explanation of why a sector is expensive. Greed drives prices down in at least some
by randallsquared 16y ago
"It's because those dirty, rotten scoundrels are greedy" isn't a sufficient explanation of why a sector is expensive. Greed drives prices down in at least some markets (food and computers, to pick two very different kinds of markets), so the question is why greed isn't making healthcare better, cheaper, and more widely available in the way that it has made groceries better, cheaper, and more widely available.