A detour into the political history of England with Victor Davis Hanson.
This piece by Megan McArdle is one of the best treatises I’ve read on the economic conundrums facing healthcare and the philosophical wars that rage on around it. Despite the altruistic disguises that insulate much of centrally controlled healthcare systems financed by other people’s money, the price tag is still a consideration; not to mention freedom of choice is largely absent in those top-down budgeted systems.
“The health of Americans should not be a profit center. Health care is a right. Full stop.” That comes from the Twitter feed of personal finance writer Helaine Olen. But it could have issued straight from the heart of any progressive in the land. Subjecting health care to the sordid whims of the marketplace strikes many people as simply immoral.
AUGUST 23, 2016 – “The health of Americans should not be a profit center. Health care is a right. Full stop.”
That comes from the Twitter feed of personal finance writer Helaine Olen. But it could have issued straight from the heart of any progressive in the land. Subjecting health care to the sordid whims of the marketplace strikes many people as simply immoral. Nor is this feeling confined to the left. Conservatives may be less enthusiastic about socialized medicine, but talk to one about the health care system…
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FDR’s New Deal was the dawn of belief that jobs flow from government. FDR didn’t seem to care whether jobs people did were productive or sustainable. He just wanted something done about the “armies” of unemployed. If they weren’t given jobs, they might become a real army and revolt.
Now that government has lots of power, people look to it to create jobs. Communist countries had five-year plans. They didn’t work.
That’s because jobs come from government getting out of the way and letting employers produce goods.
Every new layer of regulations sounds nice — protecting the environment, providing more health care, forbidding discrimination against disabled people — but most rules do more harm than good.
Humans have needs and desires. Entrepreneurs see those needs as opportunity. They hire people not out of generosity or because government told them to — but because it’s profitable to employ people if they produce valuable goods.
If it’s not profitable, that means those people would be better employed doing something else. The prices customers are willing to pay and the wages workers accept are the best indication of which jobs can be done profitably and therefore ought to be done.