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Originally Posted by jmosmith Because companies like GM and AIG have also done such a GREAT JOB!!!... I'll grant that your criticisms of Fed programs (though not specified, and some arguable), but the claims that the private sector will "save us", just don't hold water any more; they never did. When it comes to public goods, the private sector can't save us!!! A free-market will never be able to solve this problem without regulation and intervention, it is the Achilles-Heal of Capitalism.
I don't know what they have in mind, but I do know I've heard of no plan yet that I believe in, at least, not fully -- and those were only "ideas" of a plan; not actual plans.
Just because gov't fails at something doesn't mean we give up, nor does it mean we act stupidly. Is NASA a failure? I'd say no. But have they made some severe mistakes? Absolutely. You fix them and refine the system and move on, until you find the next systemic error,... that would be a great approach to fixing gov't,... if we could do it.
Healthcare is something that needs to be fixed, and universally provided... it is a challenge, and it's a hard one, but the "hard, is what makes it great". (movie)
I'm for criticism, and doing smart things, but I want to hear smart criticism and not speculation and hyperbole about how the sky is falling. I want to "work the problem, and not make it worse by guessing" (G. Cranz) |
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Because companies like GM and AIG have also done such a GREAT JOB!!!...
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GM and AIG aren't in the health business.
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I'll grant that your criticisms of Fed programs............
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No....I didn't make criticisms of the Federal programs, but I could have. I pointed out that the Federal Government did not manage the financial aspects of running those programs, properly.
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but the claims that the private sector will "save us"
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I didn't claim that either.
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When it comes to public goods, the private sector can't save us!!!
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I had to look up the meaning of 'public goods' in the economic sense.
Wikipedia was my source.
( edit: link-------->
LINK )
Paul Samuelson:
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which all enjoy in common in the sense that each individual's consumption of such a good leads to no subtractions from any other individual's consumption of that good...
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All medical concerns , from pharmaceutical supplies to hospital space to the time a medical practicionor spends in treatment......all seem rivaled and excludable.
From the Wiki article:
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In economics, a public good is a good that is non-rivaled and non-excludable. This means, respectively, that consumption of the good by one individual does not reduce availability of the good for consumption by others; and that no one can be effectively excluded from using the good.
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I don't understand how you can claim that health care is a 'public good'.
Are you arguing that it should be a 'public good' by socializing the health industry?
If so, how do you intend to keep costs down as there would be little competitiveness to the concept?.......To the contrary.......health care would then become non competitive and like the night light example at Wikipedia.......excesses become the norm so that there is no intrusion by the individual. More is generated than needed ( by theory ) and waste/unused results.
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A free-market will never be able to solve this problem without regulation and intervention, it is the Achilles-Heal of Capitalism.
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The argument isn't about regulations imposed upon the functioning of the health industry....it's about socializing it.
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Just because gov't fails at something doesn't mean we give up, nor does it mean we act stupidly.
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Who's giving up, James?
Who is acting stupidly?
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Is NASA a failure? I'd say no.
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NASA could be considered a public goods I suppose and no other business entity has the ability to compete in their realm....but when they do experience a failure....it's a biggie.
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But have they made some severe mistakes? Absolutely. You fix them and refine the system and move on, until you find the next systemic error
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The analogy with NASA is that those 'mistakes' were extremes of 'crash and burn' involving a handful of people put at risk. An experiment with socialized medicine presents new economic and health risks involving a whole nation.
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Healthcare is something that needs to be fixed..........
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No argument there.........abusive malpractice law suits, the insurance industry and the HMO concepts have had considerable negative influences, imo.
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........and universally provided.
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I haven't yet seen anyone successfully make the argument that the US would be better off with socialized medicine, James.
Looks to me like a shift of attention to those that couldn't afford ....with the detraction of the quality of service for everyone while the funding aspects are controlled by an entity ( The Feds ) known to be careless in all things of a financial nature.
I've supported the concept of welfare for the indigent ....the support for those unable to provide for themselves, support to bring people back into society as self sufficient.
But the financial system has been under duress, and not just the last year or so and I think it's become apparent that there are some things that are not affordable at present.....especially with the grand plans of reconstruction in place.
SS, Medicare and Medicaid are coming to an end, with out intervention. It's a practical situation......the funds are running out and the means to stabilize them seem mathematically and politically non doable.
When was the last time you saw much in the news about Congress addressing them?
I remember Bush addressing SS. Obama? Maybe I missed it with everything else that's going on.
Now the arguments fly for an even grander plan of universal health care.
At a time of a deep recession that has incredible financial obligations spanning a decade at minimum.....if....IF.....everything works out. Bush made the same claims and look where we are. Deeper in debt and creating even more debt at a greater rate as if it's a race to see just how far that credit rating stretches.
There is only so much money in existence......the rest is credit and debt.....

I saw not too long ago that the incurred debt the Feds have bound us to, is somewhere on the order of $550,000 per household. Not considered was the fact that not all households make enough to pay taxes of any consequence, so that leaves a greater commitment to those that participate in our economy successfully.
Now...it's being asked of these people to fund an experiment in an even more costly social experiment.
IMO......I think we're starting to see a society feed upon itself to the point it no longer retains a reason for being other than existing to feed upon itself.