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> I think you need to rethink your definition of what constitutes a free market; at present it seems to be 'one where all participants are free to do anything.'
by FellowTraveler 13y ago
> I think you need to rethink your definition of what constitutes a free market; at present it seems to be 'one where all participants are free to do anything.'
My definition would be, "one without violence and coercion, enabling decisions to be made based on voluntary choices."
> Healthcare in Europe, where I'm from, is in many ways far less competitive and far more heavily regulated, yet Europeans seem to have better outcomes despite lower public expenditure on healthcare.
"Competitive" ?
I know a doctor in Alaska who was aghast at the high prices charged by the monopoly hospital in his region. He decided to open a surgery center, so as to offer better service at lower prices.
Unfortunately he discovered that competition is illegal. You cannot open operating rooms, you see, without first obtaining a "certificate of need" from the State, certifying that your community "needs" more operating rooms. And of course, such certificates are never actually handed out, since the state boards are always manned by hospital flunkies.
Does that sound like a free market to you? There is no competition in American health care.
I'm also surprised at your characterization of European health care as being "far more heavily regulated" in contrast to American health care. You must not realize just how heavily regulated American health care is.
The American health care system is a combination of socialism and fascism, and has been for quite some time. It features all manner of central planning, forced subsidies, regional monopolies, welfare programs, hospitals and insurance "companies" protected from any competition by legislation, unfunded mandates, price charts, and tax authorities.
The problems of health care in America are the problems of socialism and fascism, because that is what we practice. We do not have the benefits of the free market because we do not have a free market.
> yet Europeans seem to have better outcomes
Saying that Europeans have "better outcomes" than Americans (with regards to health care) is like saying that Cubans have "better food" than North Koreans. You are comparing two authoritarian systems, neither of which have any semblance of a free market.
Coercion does not innovate -- it does not lower prices, nor does it improve service. Even in Europe:
"While Sweden is a first world country, its health care system - at least in regards to access - is closer to the third world. Because the health care system is heavily-funded and operated by the government, the system is plagued with waiting lists for surgery. Those waiting lists increase patients' anxiety, pain and risk of death."
http://www.nationalcenter.org/NPA555_Sweden_Health_Care.html http://www.nationalcenter.org/NPA555_Sweden_Health_Care.html
- anigbrowl 13y agoI'm less than impressed by your link. Having experienced medical care, including emergency room visits, in both the US and EU, I far prefer the EU. I have found the standard of clinical care as good or better, and it's been massively less expensive. Clearly you have an axe to grind, so I'm not expecting this discussion to go anywhere, unless you want to get back on the point and provide some evidence for your original claim that finance is the most heavily regulated industry there is. Meanwhile, I suggest you move to Singapore, Hong Kong, or New Zealand, the three countries which the world bank considers to have even more business-friendly regulatory environments than the US. http://data.worldbank.org/indicator/IC.BUS.EASE.XQ?order=wbapi_data_value_2012+wbapi_data_value+wbapi_data_value-first&sort=asc http://data.worldbank.org/indicator/IC.BUS.EASE.XQ?order=wba...