Re:You Can Thank Private Equity for That Enormous Doctor's Bill
by sofixa on Thursday May 30, 2024 @09:38AM
(#40523580)
> SOCIALIZING IS NEVER A GOOD OPTION
I mean... do you even knowledge? Words? Logic? Think?
Counterpoint number one: transit.
Counterpoint number two: utilities.
Counterpoint number three: healthcare.
In all three of those natural monopoly, little elasticity, high upfront costs, "goods", we have plenty of examples of countries and localities with "socialised" (centrally managed by a public entity, subsidised to cover some to most of the costs) and with "private" ones. Unquestionably "socialised" ones in similarly developed countries perform much better - lower cost in total and to consumers, better coverage, better outcomes.
You can have all things that make sense be managed centrally, and everything else left to a free (ish) market. It's not a binary choice all or nothing.
The UK is a perfect example because they privatised transit and utilities, and the result is a steep decline in quality with increasing costs, and that's not even counting externalities like water utilities dumping sewage in rivers and the sea.
I mean... do you even knowledge? Words? Logic? Think?
Counterpoint number one: transit.
Counterpoint number two: utilities.
Counterpoint number three: healthcare.
In all three of those natural monopoly, little elasticity, high upfront costs, "goods", we have plenty of examples of countries and localities with "socialised" (centrally managed by a public entity, subsidised to cover some to most of the costs) and with "private" ones. Unquestionably "socialised" ones in similarly developed countries perform much better - lower cost in total and to consumers, better coverage, better outcomes.
You can have all things that make sense be managed centrally, and everything else left to a free (ish) market. It's not a binary choice all or nothing.
The UK is a perfect example because they privatised transit and utilities, and the result is a steep decline in quality with increasing costs, and that's not even counting externalities like water utilities dumping sewage in rivers and the sea.