3 ms·
Its also the same direction government funded healthcare would need to go. Ultimately if one or two companies captured the entire market like this, then we soci
by cloverich 7y ago
Its also the same direction government funded healthcare would need to go. Ultimately if one or two companies captured the entire market like this, then we socialized medicine by having the government pay these companies, I'm actually curious how that's practically different than government owned entities doing the same thing.
- syn0byte 7y agoThe large mountains of cash that gets smoke screened as "profit" to be redistributed as campaign contributions, executive compensation, and "research and development" costs; like researching how hiring ex strippers as sales reps increases sales of drugs. Games theory is pretty clear about how this all ends... Badly.
- cloverich 7y agoRight, because the government official is corrupt so the private entity gets to be a bad actor. But if the private entity is instead also a corrupt politician owning a government controlled entity... why would that be different? (to be clear, I'm not arguing private is better or worse, I'm actually curious if there's any reason to believe it would be meaningfully different either way).
- deleted 7y ago[deleted]