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Re:Hyperinflation in America: The End of Grades? by jernfrost on Friday June 24, 2016 @05:08AM (#11968054)
It is just one other indicator of the flaws of the free market approach to everything in the US. Whether it is health care or education, treating it as a product or service sold to consumers creates perverse incentives.

The market has become a religion in the US. It is taken as dogma that it is always the most efficient way to do things. When it is stunningly inefficient. I've used health care in the US a number of times, at it is quite grotesque how they treat it as a sales transaction dishing out as much pills and treatment as they can, almost like a car salesman trying to get you to buy add-ons.

My US doctor insisted on giving me anti-biotics despite the fact that I had the common cold and protested that this does not work for a virus infection. Whatever you issue is they attempt to give you the most expensive treatment even if something cheaper would do. And there is in an unhealthy obsession with unnecessary frills. Anything to get the customer to keep coming back.

I quite liked American university, but it was extremely lax. They gave students endless opportunities to fix their grades. Again anything to make the customers happy. Grades was rather pointless as it only seemed like A's mattered.

Re:Hyperinflation in America: The End of Grades? by cpursley on Friday June 24, 2016 @09:24AM (#11969577)
Calling the American healthcare system "free-market" is disingenuous at worse and hilarious at best. It's probably the most regulated and convoluted sector of the US economy. In contrast, the pet healthcare system in the US is much less regulated. As a result, getting care for my pets is so much easier to navigate (you can actually get price quotes!) and much multitudes cheaper than human healthcare, despite the similar medical procedures and training required of doctors.
Re:Hyperinflation in America: The End of Grades? by whamlastxmas on Friday June 24, 2016 @11:21AM (#11970426)
It's funny (and sad) how difficult it is for people with real problems to get doctors to prescribe them something like Xanax. My friend has a dog that does terribly on car trips, and the vet gave her a huge fucking bottle of Xanax bars. The same Xanax people use. A shit load of it.
Re:Hyperinflation in America: The End of Grades? by eldavido on Friday June 24, 2016 @12:35PM (#11971164)
A better example might be dental care, which has many of the same nice properties as veterinary medicine, but is harder for the haters to dismiss.

People get elective dental procedures all the time (braces) that are highly affordable and conveniently delivered, without getting pushed into bankruptcy.

Re:Hyperinflation in America: The End of Grades? by brianwawok on Friday June 24, 2016 @10:53AM (#11970213)
Okay this is the worst argument for an unregulated healthcare system I have ever heard.

1) How much money goes into pet medicine research vs human?

2) What happens when a pet is sick and the cost of care exceeds money of owner?

You want a health care system where you use 15-20 year old medicine with no research, and most bills > $1000 lead to euthanasia? Sure that would be a cheap healthcare system...

Re:Hyperinflation in America: The End of Grades? by refurb on Friday June 24, 2016 @11:33AM (#11970555)
You want a health care system where you use 15-20 year old medicine with no research

What? Animal health is a huge industry. Zoetis was spun off of Pfizer and is making money hand over fist. Lots of new animal drugs are approved each year.

Re:Hyperinflation in America: The End of Grades? by crpatino on Friday June 24, 2016 @04:03PM (#11972989)
You have packed a large number of biases in a single line:

> You want a health care system where you use 15-20 year old medicine with no research, and most bills > $1000 lead to euthanasia? Sure that would be a cheap healthcare system...

15-20 year technology (and I hope you agree modern medicine is, broadly speaking, a form of technology) is not old; it is robust and time tested. Today, building business critical operations in Fortune 500 companies on top of Linux is a no brainer, but not so much in 1996; and whoever told you otherwise back then was both unprofessional and self-deluded with evangelist zeal.

Your claim that veterinarian medicine has "no research" does not hold water either. Sure, there might be less money being expended in researching animal health care than human health care, but this does not mean that the science behind veterinarian medicine is any less valid. If anything, it's probably more valid because there are so many less emotional hot-button issues and underhanded political agendas lurking around it.

About the $1k bills, there are two ways to see it. You claim that it is a bad thing that most >$1K procedures end up with pacient death. I, on the other hand, would like to point out that this is a proof that it is possible for a whole calss of modern health care professionals to charge <$1k for procedures that solve most non life-threatening conditions and remain gainfully in business. Note this argument is valid regradless of your position on human euthanasia.

Finally, your use of "cheap" healthcare system is used as a double-entendre. You are conflating "affordable" with "stingy" in that single word. As exposed above, you can clearly see that the first not necessarily implies the second.

Re:Hyperinflation in America: The End of Grades? by xkcd-sucks on Friday June 24, 2016 @03:59PM (#11972957)
Animal drugs are the same as human drugs, plus all the human drugs which fail fairly late in the development pipeline. Animal physiology re: absorption, toxicity, metabolism etc. is pretty well studied because most mammals are used for drug testing/as models of human disease.
Re:Hyperinflation in America: The End of Grades? by joe_the_user on Friday June 24, 2016 @12:53PM (#11971380)
Calling the American healthcare system "free-market" is disingenuous at worse and hilarious at best.

You're right - on the literal level. BUT parent said: "It is just one other indicator of the flaws of the free market approach to everything in the US" - and if their statement is interpreted as implying - "the flaws in what's called the free market approach" then the rest of their statement stands.

The health care system is a good example of the profit-driven, marketized-through-regulation, financial-speculation driven system.

And the thing is that no amount of praise of the literal free market is going to change these market-regulated-industry-fusions into free market. I mean, it's a standard approach for functionaries to praise the free market then jump to whatever gawd-awful financialization serves those functionaries' backers.

I mean, "just let them die" is usually an option for seriously ill pets. Generally society frowns on this fashion of treating humans. So "everyone" agrees some compromise is necessary in human health care - but naturally one then wakes to find the latest compromise is a cleverly constructed worst-of-all-possible-world except for X many large interests (education, healthcare, prisons etc).

Re:Hyperinflation in America: The End of Grades? by wvenable on Friday June 24, 2016 @12:45PM (#11971303)
The problem with that comparison is that often we euthanize pets when the expense is no longer justified. We don't do that with humans. As long as human life is on the line, it will never be truly "free-market". Everyone will pay beyond their means if it means they can stay alive.
Re:Hyperinflation in America: The End of Grades? by nitid_name on Friday June 24, 2016 @02:34PM (#11972260)
Hence the statistic where 1/3 of your lifetime medical expenses come in the last year of life.
Re:Hyperinflation in America: The End of Grades? by specialist on Friday June 24, 2016 @01:31PM (#11971749)
I'm keen to learn more about these Freedom Markets™. Can you provide one or more examples, in the real world?
Re:Hyperinflation in America: The End of Grades? by WalterBright on Friday June 24, 2016 @05:12AM (#11968077)
Before Obamacare, 1 out of every 2 dollars spent on health care in the US was spent by the government. It is hardly a free market. The education business has heavy government financial involvement, too.

On the other side, check the software business. It's a powerful engine for growth and wealth in this country, despite having driven prices for software literally to zero. And the software business in the US is the most free market industry in the country - no licenses, permits, subsidies, tariffs, regulations, etc.

Re:Hyperinflation in America: The End of Grades? by soundwave106 on Friday June 24, 2016 @10:44AM (#11970121)
The issue with health care and free markets, is that a fully free health care market would not morally sit well with a lot of people, and some sectors of health care lack the ingredients that make free markets work.

EG: in a free market, if someone has a healthcare emergency, yet cannot afford to pay for the service required, the free market would say -- dump this person in the street. Not exactly a morally pleasing choice. Free markets assume a rational and informed consumer; a person having a medical emergency is not always going to be a rational and informed consumer.

Not to say there is plenty of scope for a competitive marketplace in healthcare (there is, particularly for less critical care and wellness etc.), but certain portions really don't fall in scope in my opinion.

The problem with the US healthcare market is that it kind of pretends to be this "free market healthcare" system, while in reality being a half-baked socialized medical system built in bits and pieces over time. Some people are covered by the government (Medicare and Medicaid). The government relies on companies to provide much of the remainder (with tax incentives), but heavily regulates the type of health care that can be offered (eg HMOs). Since not everyone is employed by a large company, this leaves many gaps where people have no de facto health coverage at all. Except for emergency rooms, which (thanks to some notorious emergency street dumping instances in the 1980s) will accept anyone these days.

It's a mess. "Obamacare" merely plugged a couple of gaps. Much greater reform is needed, IMHO.

But there does seem to be a chorus of people who, with their strong belief in free markets, believe that the US healthcare system is a free market one (it's not) and consequently believe that the US healthcare system is the best in the world (anyone who has traveled knows how laughable this statement is). It's hard to get meaningful reform as long as this belief persists.

Re:Hyperinflation in America: The End of Grades? by neonhomer on Friday June 24, 2016 @11:10AM (#11970348)
> EG: in a free market, if someone has a healthcare emergency, yet cannot afford to pay for the service required, the free market would say -- dump this person in the street.

So before the EMTALA was passed in 1986 people were dying in the street? https://en.wikipedia.org/wiki/Emergency_Medical_Treatment_an...

Re:Hyperinflation in America: The End of Grades? by soundwave106 on Friday June 24, 2016 @11:30AM (#11970512)
Yes, in a sense.

(In practice: some private hospitals refused to accept poor uninsured patients, so these patients would be shuffled around in an attempt to find a hospital that would accept them. Sometimes patients would die before a hospital was found.)

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1346189/pdf/canm...

I understand one of the reasons EMTALA was passed was due to public outrage caused by reports within newspapers, 60 Minutes, etc. on patient dumping.

From what I can Google, there are still patient dumping cases raised, even though the EMTALA exists. (12 settlements in 2013 for instance: http://www.beckershospitalreview.com/legal-regulatory-issues...)

Re:Hyperinflation in America: The End of Grades? by xenadu02 on Friday June 24, 2016 @12:44PM (#11971285)
Healthcare is not and cannot ever be a free market. There is a massive asymmetry because everyone will need it at some random point not of their choosing and when they do need it the consequences of not having it can be death.

Healthcare is not a fungible good. If you have aggressive cancer you can't just switch to a phsychiatrist because he/she is a "cheaper good" than your oncologist. Delaying purchase of your heart surgery may mean death.

Re:Hyperinflation in America: The End of Grades? by rqebmm on Friday June 24, 2016 @12:57PM (#11971437)
Not to mention the inability to negotiate.

"Excuse me sir, I know I might be having a heart attack, but can you please provide me a quote for this ambulance ride? I'd like to do some due diligence." Said exactly no one.

Re:Hyperinflation in America: The End of Grades? by calibraxis on Friday June 24, 2016 @05:33AM (#11968199)
Government subsidy (and occasional gov't supported monopolies like Bell Labs) is responsible for the software industry. This is very well-documented. Public takes the biggest risks, then rewards are privatized. Hence the economic importance of programs like DARPA. http://marianamazzucato.com/the-entrepreneurial-state/
Re:Hyperinflation in America: The End of Grades? by WalterBright on Friday June 24, 2016 @06:38AM (#11968588)
Hmm, I've been in the software industry for 40 years. Never got a dollar in subsidy.
Re:Hyperinflation in America: The End of Grades? by cbd1984 on Friday June 24, 2016 @08:32AM (#11969242)
How much has the Internet done for your business that a smaller, proprietary network wouldn't have?

Metcalfe's Law only kicks into high gear when everyone is capable of joining the same network. If there are three or four proprietary networks with limited and expensive communications between them, growth is hobbled.

Or, to take another tack, how much has access to clean water done for you? How much has access to a house that isn't burgled done for you?

Just because you personally never received a check doesn't mean the government hasn't given you benefit.

Re:Hyperinflation in America: The End of Grades? by WalterBright on Friday June 24, 2016 @04:58PM (#11973419)
> How much has the Internet done for your business that a smaller, proprietary network wouldn't have?

Why do you think other networks wouldn't have grown global?

> If there are three or four proprietary networks with limited and expensive communications between them, growth is hobbled.

I agree, and there was tremendous pressure to interconnect them. The "inter" part of internet is the result of that, it's why it's called the internet rather than Arpanet. Numerous packet switching networks were developed in the 1960s, not just Arpanet.

Re:Hyperinflation in America: The End of Grades? by cbd1984 on Friday June 24, 2016 @06:38PM (#11974035)
> Why do you think other networks wouldn't have grown global?

Because privately-run networks have to turn a profit by the end of the fiscal year, if not sooner. It's too easy for a company to engage in profit-seeking behavior which harms long-term growth, like demanding fees to interoperate with it. The core Internet protocol suite, OTOH, is completely specified by RFCs which are free to read and implement.

Re:Hyperinflation in America: The End of Grades? by WalterBright on Sunday June 26, 2016 @12:10AM (#11979345)
FidoNet went global.
Re:Hyperinflation in America: The End of Grades? by cbd1984 on Sunday June 26, 2016 @02:21PM (#11981921)
FidoNet was and is an interesting system, but it relies on a system which is a public utility and/or publicly subsidized in most of the world: the telephone network. Dial-up networks like FidoNet only work if there's enough phone service to bother with.
Re:Hyperinflation in America: The End of Grades? by MichaelBurge on Friday June 24, 2016 @12:18PM (#11970987)
There are SBA loans for small businesses. They benefit non-software companies too - your local McDonald's is probably "government-subsidized" in this sense. The local McDonald's is going to have an easier time getting said loan, but the program is open to any business.

Local and federal governments need developers to write software and will use contractors, but that's not really a subsidy.

The NSF will occasionally fund research that may or may not use software. For example, I see that the Sage math software has a few grants listed:

http://www.sagemath.org/development-ack.html

I don't know that any of this really supports the grandparent's comment, though. McDonald's is closer to being government-subsidized than anything in the software industry.

Re:Hyperinflation in America: The End of Grades? by WalterBright on Friday June 24, 2016 @05:00PM (#11973439)
SBA loans exist, but they are not specific to any industry. I'd be interested if you could show a connection between SBA loans and the incredible growth of the software industry.
Re:Hyperinflation in America: The End of Grades? by Spooky23 on Friday June 24, 2016 @07:33AM (#11968893)
Ever use UNIX?
Re:Hyperinflation in America: The End of Grades? by WalterBright on Friday June 24, 2016 @07:49AM (#11968988)
I used DEC systems, then PC systems. I tried SCO Unix, but it was terrible and abandoned it.

Consider also that the DEC's 1967 TOPS-10 operating system led to RT-11 to CP/M to MS-DOS to NT to Windows 10. I'm not aware of government subsidy having any role in that.

Re:Hyperinflation in America: The End of Grades? by pc86 on Friday June 24, 2016 @08:48AM (#11969365)
Just because you can't trace a government dollar directly to Windows 10 doesn't negate the (correct) point that government subsidies directly resulted in the internet and software industry we have today.
Re:Hyperinflation in America: The End of Grades? by bluejekyll on Friday June 24, 2016 @11:32AM (#11970544)
I'm sorry, but did you just imply that DOS was better than UNIX?

I get saying that Windows was a better user environment (maybe) than what existed in UNIX at the time, though I was fine in FVWM.

But I don't think I can take someone seriously that thinks DOS is better than UNIX.

Re:Hyperinflation in America: The End of Grades? by drauh on Friday June 24, 2016 @06:59AM (#11968714)
Because anecdote == data?
Re:Hyperinflation in America: The End of Grades? by WalterBright on Friday June 24, 2016 @07:16AM (#11968797)
What significant subsidies did Microsoft/Google/Apple/Oracle/etc. get?

Also, Edison invented the vacuum tube upon which it is all based. I read a biography of him, and he never got a subsidy. Shouldn't he get all the credit?

Re:Hyperinflation in America: The End of Grades? by hobs on Friday June 24, 2016 @09:30AM (#11969622)
Google started university research project with NSF grants helping them to create the goliath we see today, they probably would not exist otherwise. https://en.wikipedia.org/wiki/History_of_Google#Early_histor...

Also I would call most of the government projects that Oracle is on subsidies considering how little value they deliver and how much they cost.

Re:Hyperinflation in America: The End of Grades? by WalterBright on Sunday June 26, 2016 @12:13AM (#11979354)
Yahoo and AltaVista was there before Google. To say we wouldn't have search engines without the NSF is not believable. The page rank paper did not require an NSF grant.

Selling to the government is not a subsidy.

Re:Hyperinflation in America: The End of Grades? by hobs on Sunday June 26, 2016 @11:05PM (#11983980)
That's fine to say, just answering the question of "what significant subsidies did x get" where x did get subsidies.

There are probably many companies that make your point much better is all.

Re:Hyperinflation in America: The End of Grades? by batbomb on Friday June 24, 2016 @12:12PM (#11970934)
> Ampex was developing a giant database for the CIA, and Ellison was assigned to the project, along with Bob Miner and Ed Oates. The CIA's codename for the project was Oracle. The project was something of a disaster, but it led eventually to the formation of Oracle Corporation and its current hugely successful range of databases. And in the same way that Apple based its Macintosh range of personal computers on original research done at Xerox's Palo Alto Research Centre (Parc), Oracle's hugely successful "relational databases" were inspired by an idea developed by IBM.
Re:Hyperinflation in America: The End of Grades? by EGreg on Friday June 24, 2016 @08:48AM (#11969361)
Do you mean direct cash subsidies?

Or do you mean we don't need copyright protection, limited liability and bankruptcy protection allowing entrepreneurs to take risks, laws protecting investors and corporations, public education system, and so forth?

Why would Edison want all the credit? Newton said he only saw as far as he did by standing on the shoulders of giants. We are all inheriting the accumulated wealth and knowledge of all the people who came before us. Why not the people around immediately before us who built the society we live in?

Re:Hyperinflation in America: The End of Grades? by WalterBright on Sunday June 26, 2016 @12:15AM (#11979358)
Having a free market is not a government subsidy.

> Why would Edison want all the credit?

Why indeed.

Re:Hyperinflation in America: The End of Grades? by EGreg on Sunday June 26, 2016 @07:34AM (#11980367)
Um, okay. So you agree?
Re:Hyperinflation in America: The End of Grades? by cbd1984 on Friday June 24, 2016 @08:33AM (#11969249)
> What significant subsidies did Microsoft/Google/Apple/Oracle/etc. get?

Existing in a country where a private company is a profit center as opposed to something for bandits to loot?

Re:Hyperinflation in America: The End of Grades? by WalterBright on Friday June 24, 2016 @07:33AM (#11968898)
Are you arguing that the free market is incapable of inventing networking? What about FidoNet, BIX, CompuServe, Prodigy, MCImail, Ethernet, RBBS, etc.? Even I, before I'd heard of DARPA, invented a network (it sucked, but still). The first thought anyone with 2 computers had was to connect them together - i.e. a network.
Re:Hyperinflation in America: The End of Grades? by awt on Friday June 24, 2016 @05:40AM (#11968225)
How do you know tech wouldn't be more advanced than it is now if the public hadn't been forced to pay for government science?
Re:Hyperinflation in America: The End of Grades? by lunchTime42 on Friday June 24, 2016 @05:56AM (#11968312)
True free market approach would be to have two variants of running buisnesses run against one another.
Re:Hyperinflation in America: The End of Grades? by hypeibole on Friday June 24, 2016 @06:26AM (#11968512)
Isn't that mostly what happened? US pushing science and education during the Cold War to compete against the USSR?
Re:Hyperinflation in America: The End of Grades? by fbonetti on Friday June 24, 2016 @02:37PM (#11972290)
Software is essentially a luxury item though. I know that we engineers like to think we're the gods of the universe, but nobody needs software to survive. People survived just fine without software for literally all of human history.
Re:Hyperinflation in America: The End of Grades? by lunchTime42 on Friday June 24, 2016 @05:54AM (#11968300)
Its never free enough. And if it where, it was the customers fault. And if the customers behaved flawless and it would not work. There would be traitors, sabbotaging a perfect system. In a closed worldview critque acceptance is not even possible anymore. Anything brought up is not evaluated but instantly deflected. There is no - "Lets measure this" and compare (Lets call it the free market approach to ideas ;) just offense and defense. Thanks for proving the Pa-OP right.
Re:Hyperinflation in America: The End of Grades? by AnthonyMouse on Friday June 24, 2016 @09:57AM (#11969766)
When you define "free market" as "absence of government regulation" then you can get whatever result you want, because you can build something that looks like a government inside it, not call it a government, and have it do the thing you need a government to do. And then if you get one of those things which is doing the bad things governments do, you do call it a government and it isn't a free market anymore.

The lesson from this is not "free markets are bad," it's "simplistic ideologies are useless."

We know that private actors are bad at some things, like funding basic research and building roads and utilities. We also know that governments are bad at some things, like making consumer products. So let the government build the roads and let GE make the washing machines.

The worst alternative is to have the government do half of something. This is the US healthcare system. Single payer has problems, but it works. The complete absence of government in healthcare would have different problems but would also work. What we have doesn't work. It's a corrupt mechanism for funneling public money into drug companies.

Here's the test for whether the government should do something: Does it make sense for the government to pay for this and then give it away for absolutely no money whatsoever to every citizen of the country? If not, the government shouldn't do it. Notice that the answer for healthcare is then not obvious, but the thing we have is not a valid answer.

Re:Hyperinflation in America: The End of Grades? by jerf on Friday June 24, 2016 @11:02AM (#11970283)
The point is not that making health care more free market would necessarily improve it. The point is that using the US healthcare system to beat up on free markets is fallacious, because the US healthcare system is not a free market in the first place.

Cards on the table, I do think that more freedom in the market would be good for the entire system, from top to bottom. But I can find myself in total agreement with those who think it should be more socialized that what we have now is a really crazy, chaotic system that seems to manage to combine the worst of both worlds. As a result, it's every bit as valid to claim that socialized health care is a disaster because the US health care system proves that it doesn't work... which is to say, an entirely invalid and fallacious claim.

Re:Hyperinflation in America: The End of Grades? by chjohasbrouck on Friday June 24, 2016 @06:57AM (#11968698)
I used to read about countries where it was a common practice to pay bribe money to be given a job, and think how awful that was.

Now I live in a country that buries its youth in debt that can't be discharged through bankruptcy, to pay for an increasingly ineffective education, to get a job almost anyone could do, that lists higher education as a requirement when it really doesn't have to.

If you zoom out to the big picture, it's almost as if employment in the US is becoming a pay-to-play system.

Re:Hyperinflation in America: The End of Grades? by Spooky23 on Friday June 24, 2016 @09:24AM (#11969583)
>Now I live in a country that buries its youth in debt that can't be discharged through bankruptcy, to pay for an increasingly ineffective education, to get a job almost anyone could do, that lists higher education as a requirement when it really doesn't have to.

You need to screen for at least a two year degree to get employees who are functionally literate for both reading and writing of moderate complexity.

There's a real steep capability slope in terms of education and information worker qualification. Most high school graduates or GED folks without specific education lack a good broad understanding AND lack vocational training. A previous employer had a specific mentorship program that had really good results with at-risk youth, but that required substantial investments in time and $.

Re:Hyperinflation in America: The End of Grades? by Jach on Friday June 24, 2016 @07:46AM (#11968972)
For your first bit, do you mean things like fathers paying some shop owner some money to give their sons a chance at a job over some other kids that went through a hiring process, or do you mean things (still going on) like politicians backing certain regulations that just so happen to mightily benefit the corporation they become a highly paid member of when they lose their reelection or retire?

Pay-to-play, spending money to make money, has usually been the rule even if you're born rich. The trick is always on how to spend less money than other people at your level to make the same or more -- your required piece of paper, while still more expensive than it used to be, isn't unavoidably crippling-debt expensive, and so with a little forethought you can get in the game with a lot less expense than some of your peers.

If basic income can somehow work economically we might turn into a free-to-play system, I don't know if that would actually be better overall though.

Re:Hyperinflation in America: The End of Grades? by thaumasiotes on Friday June 24, 2016 @09:23AM (#11969571)
>> I used to read about countries where it was a common practice to pay bribe money to be given a job

> For your first bit, do you mean things like fathers paying some shop owner some money to give their sons a chance at a job over some other kids that went through a hiring process, or do you mean things (still going on) like politicians backing certain regulations that just so happen to mightily benefit the corporation they become a highly paid member of when they lose their reelection or retire?

I assume he's talking about neither of those, but rather the common practice of buying a job for yourself. For example, you might go to a highly-placed English functionary with a big bag of cash and purchase a post as customs inspector for a port somewhere in the Empire. Historically this was more the norm than the exception in colonial Europe.

(Fun fact: the customs inspector position was generally a lot more expensive than notionally better jobs like "governor" (also for sale). That's because the customs inspector was ideally placed to take bribes himself.)

Re:Hyperinflation in America: The End of Grades? by neonhomer on Friday June 24, 2016 @08:51AM (#11969395)
> What caused the most recent bout of grade inflation? Some point to the rise in tuition—and educational debt...

One of the largest reasons for skyrocketing tuition is the US government's guaranteed student loans. And those loans are very difficult to discharge by declaring bankruptcy, which makes the loans less risky to the schools. This is the farthest thing from free market capitalism.

Re:Hyperinflation in America: The End of Grades? by danieltillett on Friday June 24, 2016 @05:47AM (#11968260)
Grade inflation is a very good example of why the institution offering the education should not be in charge of testing if the education was effective.
Re:Hyperinflation in America: The End of Grades? by Jach on Friday June 24, 2016 @07:36AM (#11968912)
The institution offering the education must be able to test if their education is effective, education doesn't work well without tight feedback loops. Neither teachers nor students are drones whose behavior can be measured by some perfect third party process or human(s).

That said what passes for education at most places works best when you do start treating teachers and students as drones. The logical conclusion of that is something like Khan Academy with spaced repetition, and the savings in time and money worldwide would be tremendous if that system were to be embraced by the US department of education. What passes for education is definitely worthwhile for some things, but it's not really in the traditional spirit of education.

Re:Hyperinflation in America: The End of Grades? by danieltillett on Friday June 24, 2016 @09:10AM (#11969514)
Of course the education institutions need to be able to get feedback on their teaching if they are to be effective (the tighter the loop the better), they should just not be charge of determining if it is effective.
Re:Hyperinflation in America: The End of Grades? by tonyedgecombe on Friday June 24, 2016 @06:02AM (#11968357)
In the UK we have examination boards for school level exams, I'd love to see that extended to degree qualifications as well.
Re:Hyperinflation in America: The End of Grades? by danieltillett on Friday June 24, 2016 @06:07AM (#11968391)
Didn't you have a major problem with schools choosing the examination board that marked the easiest?
Re:Hyperinflation in America: The End of Grades? by red_admiral on Friday June 24, 2016 @06:51AM (#11968669)
Yes, and we also have grade inflation - we used to mark on an A-E scale but now we have an A* too. BBC article, with interesting graphs: http://www.bbc.co.uk/news/education-11012369
Re:Hyperinflation in America: The End of Grades? by tonyedgecombe on Friday June 24, 2016 @09:05AM (#11969477)
Yes, but I don't think that is too difficult to resolve.
Re:Hyperinflation in America: The End of Grades? by danieltillett on Friday June 24, 2016 @09:14AM (#11969535)
Yes don't let the schools choose who is going to be assessing if their teaching is effective.
Re:Hyperinflation in America: The End of Grades? by Shivetya on Friday June 24, 2016 @10:46AM (#11970146)
The only flaw with free market economies is assuming the US actually has one. The regulation of commerce is so extreme in some areas as to border on near fascism (don't equate the term with NAZI) : where government dictates prices for goods and services without risking anything of its own. Politicians setting rates and guarantees that are not driven by market need.

grade inflation exists because of this unwillingness to offend people and telling people they are not the best if offensive. hence why colleges like affirmative action is that they will get candidates not used to being at the top of their class and be more willing to accept lower grades (go look it up, it does exist and been studied)

the US health care system, well it only got into the condition it was in because of over regulation. preventing insurance from crossing state lines pretty much doomed it

Re:Hyperinflation in America: The End of Grades? by snarfy on Friday June 24, 2016 @10:11AM (#11969859)
If it were a free market, you would see prices advertised. This is how you know it's not a free market. This is true in a lot of markets, not just healthcare.
Re:Hyperinflation in America: The End of Grades? by neonhomer on Friday June 24, 2016 @11:13AM (#11970374)
Good point, there's only one medical center I've heard in the US that actually advertises their prices: http://surgerycenterok.com/pricing/
Re:Hyperinflation in America: The End of Grades? by refurb on Friday June 24, 2016 @11:31AM (#11970528)
My US doctor insisted on giving me anti-biotics despite the fact that I had the common cold and protested that this does not work for a virus infection.

Your doctor doesn't make any money when they prescribe something. They make money off the office visit. There was absolutely zero financial gain for the doc prescribing you antibiotics.

Re:Hyperinflation in America: The End of Grades? by specialist on Friday June 24, 2016 @01:30PM (#11971739)
"flaws of the free market approach"

But, but, (sputters), but the Patriotic American Baby Jesus loves Freedom Markets™.

Re:Hyperinflation in America: The End of Grades? by micahbright on Friday June 24, 2016 @10:22AM (#11969951)
"...the free market approach to everything in the US"...It's almost as if you believe there is a free market in education or healthcare or...almost anything in the US.