4 ms·
I did not write that. Please don't attack a straw man. What I did write is that many important components of these systems appear to be stuck in lousy Nash equ
by cs702 7y ago
I did not write that. Please don't attack a straw man.
What I did write is that many important components of these systems appear to be stuck in lousy Nash equilibria, after decades during which the conventional wisdom in DC became that government should rely on markets to solve problems whenever possible.
The systems we've ended up are best described as hodgepodges -- e.g., in healthcare: many insurers are for-profit but two (Medicare and Medicaid) are not; many hospitals are now part of for-profit chains but others are non-profit; most medical research is done by for-profit entities like pharmaceutical companies but a lot is also done by government-funded organizations like NIH. On and on it goes.
BTW, while we're on the subject of healthcare, you might find the following article by Atul Gawande thought-provoking: https://www.newyorker.com/magazine/2009/06/01/the-cost-conundrum https://www.newyorker.com/magazine/2009/06/01/the-cost-conun...
- bhupy 7y agoAn equally thought provoking piece with a different perspective: https://www.econtalk.org/keith-smith-on-free-market-health-care/ https://www.econtalk.org/keith-smith-on-free-market-health-c...