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Why do people accept that supply/demand works in so many industries when the private market is allowed to flourish, but won't accept it for healthcare, educatio
by EcommerceFlow 6mo ago
Why do people accept that supply/demand works in so many industries when the private market is allowed to flourish, but won't accept it for healthcare, education, etc?
- verteu 6mo agoBecause for-profit healthcare and higher ed have shown poor outcomes empirically?
- hunterpayne 6mo agoWhen? Because we don't use market solutions for those things now. Those are two of the most manipulated markets in the US. They also are two of the three industries whose prices increased by more than inflation, everything else has gotten cheaper (inflation adjusted) over the last several decades. Those things are related.
- rootusrootus 6mo agoA lot of our health care needs are notoriously inelastic, which is IMO the biggest reason free market dynamics are not a good choice.
- slopinthebag 6mo agoIdeology, mostly.