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> That's more due to the deregulated free market sucking people dry in the US over basic needs, forcing them to live with outrageous rents, childcare, healthcar

> That's more due to the deregulated free market sucking people dry in the US over basic needs, forcing them to live with outrageous rents, childcare, healthcare, living costs. The corporations that profit from basic necessities are literally, actually, physically damaging the interests of every other corporation and sector in the economy. And when the cost of living is so artificially exaggerated, outsourcing job to a remote location where deregulated corporations cannot suck people dry over their basic needs becomes cheaper for every corporation. There is truth to this. A lot of red tape is patchwork lawmaking attempting to close loopholes from some fraudulent activity. That said, patchwork fixes are no good. It is only increasing compliance burden year-over-year. Life with government bureaucracy is getting harder, not easier. An example is healthcare. One of the reasons the cost of healthcare is high exactly because of shitty regulations, which limit the number of healthcare workers graduating per year. And then, there are compliance burdens tacked on to them every year. Then nurses and doctors are asked to take tests every few years to keep their license. To what end? Are lifetime outcomes better? Is our healthcare system better for it? No. The ideal solution would be to reduce regulatory burden to a point where we can have unlimited doctors, nurses and healthcare workers. Said doctors, nurses etc. should be able to open a private practice easily, in every corner of a town, much like a McDonalds. Insurance should be forced to pay claims out fast, easy and for every treatment under the sun, recommended by the doctor. None of this CPT code nonsense. If the insurance company can't handle this, they should be free to go out of business. There should be intense competition among insurance providers, which doesn't happen because startups cannot compete with the regulatory burden. Make simple laws. Make life easier. We need an abundance of services, not abundance of regulatory burden.

unity1001 4y ago
> One of the reasons the cost of healthcare is high exactly because of shitty regulations, The sole reason why healthcare is out of hand is because it is in the hands of the private sector and the people have no option but to subject themselves to it. This happens whenever a critical social infrastructure is privatized. And that sector will not stop maximizing its profit with deregulation. Its anathema to profit-making. > Said doctors, nurses etc. should be able to open a private practice easily There isn't any profitable sector in which individual professionals or small outfits can compete with massive conglomerates. Less, in healthcare. The amount of healthcare services and technology that a private individual can muster are incomparable to what is needed today in modern medicine. Legions of general practicioners will not fix anything - preventing profit maximization from something related to survival is. Private healthcare is just slightly less brutal than privatization of air: If it was possible to privatize air, there would be no escape from its consequences. With private healthcare, you can escape the ransacking profiteering for some time as long as you are healthy.
- nine_zeros 4y ago
  > The sole reason why healthcare is out of hand is because it is in the hands of the private sector and the people have no option but to subject themselves to it. This happens whenever a critical social infrastructure is privatized. And that sector will not stop maximizing its profit with deregulation. Its anathema to profit-making. This is very untrue. The reason why healthcare is expensive is because of regulatory gatekeeping which prevents new players from outcompeting incumbents. I know from first hand experience in family that pill makers have captured the market so badly that we are paying 100x for the same pill as compared to a generic manufactured in India, simply because generic manufactures are prevented by law to manufacture in America. > There isn't any profitable sector in which individual professionals or small outfits can compete with massive conglomerates. Less, in healthcare. The amount of healthcare services and technology that a private individual can muster are incomparable to what is needed today in modern medicine. Legions of general practicioners will not fix anything - preventing profit maximization from something related to survival is. Again, the main reason there are giant private companies is because smaller players are blocked by regulatory burden. If the playing field of compliance were cheap, many more players would compete for the same set of customers, driving prices down.
  - Jotra7 4y ago
    [dead]
  - petre 4y ago
    India's pharma industry killed 11 children with cough syrup containing diethylene glycol, so maybe not the best example. https://www.bbc.com/news/world-asia-india-63226055 https://www.bbc.com/news/world-asia-india-63226055
    - nine_zeros 4y ago
      So? Even America has drug recalls. Here's a list https://en.m.wikipedia.org/wiki/List_of_withdrawn_drugs https://en.m.wikipedia.org/wiki/List_of_withdrawn_drugs Would you stop buying drugs from America?
  - 4y ago

unity1001 4y ago

> One of the reasons the cost of healthcare is high exactly because of shitty regulations, The sole reason why healthcare is out of hand is because it is in the hands of the private sector and the people have no option but to subject themselves to it. This happens whenever a critical social infrastructure is privatized. And that sector will not stop maximizing its profit with deregulation. Its anathema to profit-making. > Said doctors, nurses etc. should be able to open a private practice easily There isn't any profitable sector in which individual professionals or small outfits can compete with massive conglomerates. Less, in healthcare. The amount of healthcare services and technology that a private individual can muster are incomparable to what is needed today in modern medicine. Legions of general practicioners will not fix anything - preventing profit maximization from something related to survival is. Private healthcare is just slightly less brutal than privatization of air: If it was possible to privatize air, there would be no escape from its consequences. With private healthcare, you can escape the ransacking profiteering for some time as long as you are healthy.

nine_zeros 4y ago
> The sole reason why healthcare is out of hand is because it is in the hands of the private sector and the people have no option but to subject themselves to it. This happens whenever a critical social infrastructure is privatized. And that sector will not stop maximizing its profit with deregulation. Its anathema to profit-making. This is very untrue. The reason why healthcare is expensive is because of regulatory gatekeeping which prevents new players from outcompeting incumbents. I know from first hand experience in family that pill makers have captured the market so badly that we are paying 100x for the same pill as compared to a generic manufactured in India, simply because generic manufactures are prevented by law to manufacture in America. > There isn't any profitable sector in which individual professionals or small outfits can compete with massive conglomerates. Less, in healthcare. The amount of healthcare services and technology that a private individual can muster are incomparable to what is needed today in modern medicine. Legions of general practicioners will not fix anything - preventing profit maximization from something related to survival is. Again, the main reason there are giant private companies is because smaller players are blocked by regulatory burden. If the playing field of compliance were cheap, many more players would compete for the same set of customers, driving prices down.
- Jotra7 4y ago
  [dead]
- petre 4y ago
  India's pharma industry killed 11 children with cough syrup containing diethylene glycol, so maybe not the best example. https://www.bbc.com/news/world-asia-india-63226055 https://www.bbc.com/news/world-asia-india-63226055
  - nine_zeros 4y ago
    So? Even America has drug recalls. Here's a list https://en.m.wikipedia.org/wiki/List_of_withdrawn_drugs https://en.m.wikipedia.org/wiki/List_of_withdrawn_drugs Would you stop buying drugs from America?
- 4y ago