Britain’s statisticians fix a blunder and find a bigger economy

Re:Britain’s statisticians fix a blunder and find a bigger e... by kspacewalk2 on Tuesday September 05, 2023 @03:32PM (#37396615)

Well, while we're on the topic of insinuations that totally don't give away underlying biases, it's possible for really ethical individuals to run a number of competing corporations well, though there's not a load of incentive for them to steer clear of regulatory capture, cartel-like collusion and various other forms of customer-screwing behaviour.

The larger point being: there are many areas of the economy in which the free market approach is clearly better, and there are many other areas of the economy in which the free market approach is clearly deficient and a government-run agency is superior. Insurance is in neither of these convenient buckets. "Unlikely" is an opinion on a hypothetical; it is not necessary when real-world examples abound.

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Re:Britain’s statisticians fix a blunder and find a bigger e... by samus on Tuesday September 05, 2023 @04:35PM (#37397352)

Any market is shaped by policy. It can be argued that the US health insurance market is not really free in significant ways and set up such that the net result is the mess we see. A government-run institution performing better than the private market is not necessarily a sign that the institution is good, it might just mean that the market is set up in a deficient way.

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Re:Britain’s statisticians fix a blunder and find a bigger e... by orwin on Tuesday September 05, 2023 @05:05PM (#37397743)

I mean, last time I looked, social security in France gave back 81€ for every 100€ invested. Swisslife (it was either 2018 or 2019) gave back the same year 67€ for every 100€. What's funny is that only 11€ went to shareholders that year, that mean that even w/o capitalists, sometimes public services are more efficient than private companies.

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Re:Britain’s statisticians fix a blunder and find a bigger e... by robertlagrant on Wednesday September 06, 2023 @08:11AM (#37403932)

As I said a few comments above, it's possible for things to be run efficiently; there's just less of an incentive to do so.

In terms of this exact comparison - is this like for like? I don't understand it well enough to know.

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Re:Britain’s statisticians fix a blunder and find a bigger e... by robertlagrant on Tuesday September 05, 2023 @05:02PM (#37397699)

I'm not insinuating anything; I'm just saying it. What do you think I was insinuating?

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