4 ms·
If the goal is to celebrate the free market, food production is probably not a great analogy. In the US it's heavily subsidized, regulated, watched and manipul
by roc 13y ago
If the goal is to celebrate the free market, food production is probably not a great analogy. In the US it's heavily subsidized, regulated, watched and manipulated to ensure that the market doesn't act too much like a free market. [1]
Housing and Utilities are that way too. When you get right down to it, every vital fundamental service is backstopped in similar ways. At least inasmuch as disqualifying them from being great examples.
Which rather deprives us of a simple analogy between "How Health Care Might Be" and some other current market for a vital human need.
[1] Which may well work itself out in the end, but is given to trouble in the short run from things like fraud, bubbles, panics and crashes -- things society has voted that they like less than government manipulation of the market.