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What I find very interesting about the examples here is they cover the whole spectrum of government-managed to free market. Most teachers are employed by state
by miki123211 2y ago
What I find very interesting about the examples here is they cover the whole spectrum of government-managed to free market.
Most teachers are employed by state-owned schools, and as far as I understand, they're very often unionized in the US. Nursing is mostly private but regulated, probably with some mix of non-profits / government thrown in. Restaurants are as free market as it gets, there are both large chains and small restaurants, there's lots of competition, most customers have more than one option, reviews exist and a lot of people are repeat customers, making it hard to overpromise, underdeliver and stay in business.
I don't have the answers as to why this is a problem, but clearly "evil capitalists", "mismanaged government", "underregulation" or "overregulation" are not it.