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> If that is capitalism its certainly not free market capitalism. part of the problem is that the government makes it illegal to turn away ER patients. maybe y
by kryogen1c 6y ago
> If that is capitalism
its certainly not free market capitalism. part of the problem is that the government makes it illegal to turn away ER patients. maybe you think thats moral or maybe you dont, but the point is that an ostensibly free market becomes corrupted with outside influences like this. you cant create a system designed for the free market to be the mistake fixer and then make the market not free and not expect bad mistakes.
i think this is the greatest failure mode for america: pretending non-free markets are free. in some cases, its the worst of both worlds by a very large margin.
- VBprogrammer 6y agoI sometimes wonder if this argument is an example of the "no true Scotsman" logical fallacy. No matter how little regulation is imposed on a market someone will still find some example to point to and say "if only we weren't subject to such awful regulation the market would be free and everything would work perfectly".
- TeMPOraL 6y agoThe very concept of such idealized free market is a red herring. It doesn't exist in human societies (the closest is what you have between criminal gangs and during civil wars). There is no market in isolation from politics. It's kind of like wanting to talk about electric field around a charge while pretending the magnetic field isn't a thing. Much like physicists noticed that electric and magnetic fields form a common entity together, perhaps it's time more people recognized that market and governance are just as much intrinsically intertwined. Either one needs the other to exist in any but most degenerate form. And both actively try to influence each other.