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"Capitalism" here assumes a free market, but the health care business isn't a free market. It's loaded with regulation and all kinds of other issues (you can't
by metalliqaz 7y ago
"Capitalism" here assumes a free market, but the health care business isn't a free market. It's loaded with regulation and all kinds of other issues (you can't comparison shop when you're bleeding profusely, for example). And it's not like the regulation isn't there for good reason. Bad drugs, snake oil, and all kinds of quackery have hurt and/or killed many people in the past.
We need to have a new social contract that prohibits profiting from suffering.
- darkerside 7y agoNo market is truly free. Of course all markets exist on a continuum, and healthcare needs more regulation than many. That doesn't mean less free markets don't exhibit similar behaviors and reward competition.