[quote]Journeyman wrote:
Rather than blaming the unions, look at the cost of providing labor with medical insurance. We add crazy high medical expenses to the cost of labor. I Europe, medical expenses are much lower than in the US.
To me, this is one of those cases where free markets have been proven to be an inefficient means to provide a service. We are paying about $7K per person for medical care, but the French (who are actually more productive per hour than Americans) pay only about $4K per year and they are on the high end in Europe.
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You partially right. The requirements we put on law-abiding businesses has created the black market for labor. Unemployment, medical coverage, corporate income tax, all increase the cost of services from LAW-ABIDING businesses. Businesses that do not play by the same rules have a competitive advantage when they break the laws the rest of follow. Where you whent wrong was to blame the free market for this. These are gov’t regulations and laws and are not imposed by the free market.
It is common sense, reason, and simple mathematics.
Unfortunately economics is your typical science. There are far too many variables to conduct an acurate experiment or point to historic data or events. In economics you must first come up with a theroy and then you must use logic to prove your therory. The Austrians new this more than 100 years ago and their theories still hold true and can be used to explain every significant economic even in history. Unfortunatly, not many people read the Austrians or those who study their work.
As for trying socialized medicine, ask your self this. How much will it cost us if it fails? How much damage will we have done to the greatest healthcare system in the world. How long will take us to repair the damage? How many gov’t programs we have created have been eliminated?
All we have to do is look around to see how well socialized medicine has worked. The answer is less regulation and more choices for consumers. The answer is less protectionism. Not more.
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I think we need to make our economy more efficient. Use market almost all of the time, use socialism when it is proven to be more efficient. Downsize the military and have it focus on homeland defense, not projecting power at great economic expense. In short, we need results not ideology.[/quote]
Socialism has never worked and it has been tried at the very largest scale many times. Countries have only florished when they moved away from Socialism. Why would we go the other direction?