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Health is no different than other services in 99.9% of the cases. We should not optimize the entire system for that 0.1% of cases. The market optimizes everythi
by pelle 18y ago
Health is no different than other services in 99.9% of the cases. We should not optimize the entire system for that 0.1% of cases. The market optimizes everything for the better if it is allowed.
For the exceptions, use exception handling also known as charities such as non profit hospitals and health centers who already donate health care to the poor.
The increased efficiency and lower cost of a non regulated approach would benefit all and make it easier and cheaper to provide good care to everyone.
- gnaritas 18y ago> The market optimizes everything for the better if it is allowed. Baloney. This is a belief, not a fact.
- pelle 18y agoIt is a fact that any transaction between two people that is not distorted in any way by outside parties will leave both parties better off.
- gnaritas 18y agoNo, it isn't. You're making the huge assumption that both parties are equal in the exchange and one party isn't using force on the other. Again, typical libertarian fantasy assumes everyone is nice, wake up, they aren't.
- dk 18y agoIt doesn't require anything you name here except the absence of force. No libertarian thinks or assumes everyone must be nice and no libertarian thinker has ever predicated his argument on such. You know, there actually have been some highly intelligent and thoughtful libertarian thinkers, far from whatever fantasy you may have.
- sfk 18y ago> The market optimizes everything for the better if it is allowed. Such as financial products? I think we have enough evidence right now that people are not mature enough for a totally free market.
- pelle 18y agoYou are talking about one of the most highly regulated markets in the US. It's been at least 100 years since the financial markets where free in the US.
- jbjohns 18y agoYou do realize that this whole thing came crashing down because of the very lightly (if any) regulated CDO's right?
- byrneseyeview 18y agoYou don't think the mortgage market had anything to do with it? As far as I know, the problem is not that CDOs trade at a discount to their underlying value; it's that the underlying value has dropped.
- jbjohns 18y agoIt's a bit more complicated than that: http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom http://www.portfolio.com/news-markets/national-news/portfoli...
- byrneseyeview 18y agoI am pretty sure that was implicit in my comment. I have read the Lewis piece, which is a great way to get an overview from the perspective of the half-dozen folks willing to give Lewis an interview. I'm not saying that this was entirely due to government intervention -- just that the giant tax incentives, aggressive government market manipulation, and $100B+ portfolios long mortgages and short puts created by government agencies.