Comment by grimblee
2 days ago
I mean, housing and medical treatment are more expensive in the US because the market is unregulated and so the capital exploits the poor who can't do otherwise for those basic needs.
You defeated your own argument ? Thanks !
These industries are objectively heavily regulated in the US. I don’t know what you are talking about. Maybe you would like them to be more regulated, and that’s a position one can hold, but that doesn’t make them unregulated today.
There is definitely a third option of "badly regulated through regulatory capture that favors incumbents, prevents competition and makes things worse for the public, while protecting actual malfesance". The US has a lot of this. The EU version tends just to protect the incumbent too much.
> housing and medical treatment are more expensive in the US because the market is unregulated
Is it really unregulated though?
Pretty sure pricing isn't. Can't US medical companies essentially charge what they like? As long as they don't align with each other to price gouge customers...even though I imagine they do anyway (just very carefully).