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The funny thing is you've picked three sectors that aren't even exposed to globalization! People don't compete globally for American homes or healthcare (and we
by Barrin92 5y ago
The funny thing is you've picked three sectors that aren't even exposed to globalization! People don't compete globally for American homes or healthcare (and wealthy foreigners actually subsidize schools). The rise in cost is a result of cost disease. Americans now live in houses that are 150% larger than in 1980, with fewer people living in each home. And overall many cities are not building enough of them.
Your logic is exactly the wrong way around. If Americans could consume global education or healthcare it'd be much cheaper, the same way everything else has gotten cheaper. Let Asian construction firms actually built some homes in California instead of stopping everyone from doing that and you'd be surprised how affordable your housing is going to be.
Right now in the US you can't even buy health insurance across state lines. not only is that not a global market, it's not even a national market! The three sectors uniquely shielded from global as well as local competition are the ones that have exploded in cost. That is a lot of things, but surely not an argument against more open markets.