Re:Why Young Americans Are Giving Up on Capitalism
by jhanschoo on Saturday June 18, 2016 @07:43AM
(#11928086)
> On the other hand, the industries with the most government intervention seem to be doing the worst - finance, health care, higher education.
I find this a very parochial, US-centered statement. Many countries have these industries in greater regulation, and fare well in them. The conclusion I draw from the situation in the US is that its political structure, existing political-industrial relationships and the interests of its politicians are co-responsible for dysfunction in these industries, and not the general idea of government intervention.
As for why we don't see equal innovation outside of the US, I think the availability of human capital adequately explains it.
I find this a very parochial, US-centered statement. Many countries have these industries in greater regulation, and fare well in them. The conclusion I draw from the situation in the US is that its political structure, existing political-industrial relationships and the interests of its politicians are co-responsible for dysfunction in these industries, and not the general idea of government intervention.
As for why we don't see equal innovation outside of the US, I think the availability of human capital adequately explains it.