More on privatization
Krugman, in today's column, laments privatization of everything (well, healthcare) more articulately than I've been doing of late. Of note:
On the one hand, capitalism is fine and dandy. The big downstairs room in my house may not be worth $600, depending on how you slice it, but its current occupant is willing to pay that for it, so that's its market value, and all's fair. On the other hand, I try not to be dogmatic about things -- privatizing health care just because "capitalism is good" doesn't seem like a rational strategy by which to approach the problems ("low life expectancy"; "infant mortality").
He also uses the word "Panglossian." Heh.
Never mind the huge expense, the low life expectancy, the high infant mortality; it's a market-based system, so it must be good.
...
... even though all the evidence suggests that we would be much better off under a system of universal coverage, any such move will be fiercely opposed, on principle, by conservatives who want us to move in the opposite direction.
On the one hand, capitalism is fine and dandy. The big downstairs room in my house may not be worth $600, depending on how you slice it, but its current occupant is willing to pay that for it, so that's its market value, and all's fair. On the other hand, I try not to be dogmatic about things -- privatizing health care just because "capitalism is good" doesn't seem like a rational strategy by which to approach the problems ("low life expectancy"; "infant mortality").
He also uses the word "Panglossian." Heh.