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> This is what privatization does. This is what regulatory capture does. It may be so-called "private" but the government still wants to regulate it up the waz
by 9rx 2y ago
> This is what privatization does.
This is what regulatory capture does. It may be so-called "private" but the government still wants to regulate it up the wazoo, in all the wrong ways. This prevents new businesses from making things better.
> a single payer system makes way more sense.
If the single payer is the very same government then it becomes incentivized to bring the regulation in line to something more sensible. Of course, if the single payer is a separate entity that won't necessarily happen. For example: Amish communities in the US often administer a single payer system, but they haven't been able to fix the situation.
- throwway120385 2y agoUnless you can identify that the regulatory capture happened as a result of the government's actions as opposed to the business actions, I don't really see how regulatory capture caused this situation. Rather, we made a choice to cripple the affordable care act while keeping all of the provisions that limit the rights of individuals to shop for health insurance, and then we're surprised when the prices spin out of control while the care gets worse. I don't think regulatory capture is an argument for getting the government out of this business, I think it's an argument for getting the business out of this business.