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> I think either full on socialism or fully free market would be a huge improvement. Demand for healthcare is about as inelastic as it gets. And inelastic good
by kibwen 3y ago
> I think either full on socialism or fully free market would be a huge improvement.
Demand for healthcare is about as inelastic as it gets. And inelastic goods make for inefficient markets. One doesn't need to be a full-on communist to recognize that markets are not the correct solution to every problem.
Meanwhile, the fact that healthcare is tied to employment in the US has terrible consequences for small businesses and for the efficiency of the labor market. From where I stand, socializing healthcare is the pro-business move.