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If the buck doesn't stop with me, then I really don't care where or when it stops. This is the key issue with free markets and why they fail totally at anythin

If the buck doesn't stop with me, then I really don't care where or when it stops. This is the key issue with free markets and why they fail totally at anything long term, complex or socially important (like healthcare and education). And that is assuming there even if a buck. Plenty of people are entirely happy to destroy their kids future as long as they can pretend they didn't know (or that it hasn't actually happened). That's true for education. LA parents are happy with low test scores as long as they can get low taxes and high grades to point at if anyone starts asking questions. The same is true nation wide and internationally in the anglo-sphere west at least. If one citizen cannot read or add up, that is a problem for them. If no one can, that's a problem for society/government/employers etc.

WalterBright 4y ago
> This is the key issue with free markets and why they fail totally at anything long term, complex or socially important (like healthcare and education). Healthcare is very heavily interfered with by the government. Public education is totally the government. Isn't it amusing that those are the poster examples for "failure" of the free market? Let's take the software industry. It is nearly completely unregulated. It's been a resounding success.
- LatteLazy 4y ago
  Yes, that's sort of my point? We tried private healthcare, it failed and the government had to step in. The same for education. The idea of using the free market for education is already defunct because education isn't software development. It's much harder to measure success or failure.
  - WalterBright 4y ago
    > We tried private healthcare, it failed and the government had to step in It didn't fail. Healthcare was cheap, plentiful, and advanced until the government stepped in. > The same for education How/when did it fail?

WalterBright 4y ago

> This is the key issue with free markets and why they fail totally at anything long term, complex or socially important (like healthcare and education). Healthcare is very heavily interfered with by the government. Public education is totally the government. Isn't it amusing that those are the poster examples for "failure" of the free market? Let's take the software industry. It is nearly completely unregulated. It's been a resounding success.

LatteLazy 4y ago
Yes, that's sort of my point? We tried private healthcare, it failed and the government had to step in. The same for education. The idea of using the free market for education is already defunct because education isn't software development. It's much harder to measure success or failure.
- WalterBright 4y ago
  > We tried private healthcare, it failed and the government had to step in It didn't fail. Healthcare was cheap, plentiful, and advanced until the government stepped in. > The same for education How/when did it fail?