Comment by KingMob
2 days ago
Theory:
> In socialism it's much more random: black markets, lists, lotteries, friends and network of connections. The side effect is that the most productive individuals are discouraged and punished, with the whole society lagging in effect.
Evidence: the vast majority of European countries who have socialized medicine and seem to be doing fine.
> the vast majority of European countries who have socialized medicine and seem to be doing fine
You do realize that the "vast majority" of European countries doesn't mean highly developed Western Europe, right?
Here in Central and Eastern Europe (where I live) socialized medicine is not "fine". You should visit some hospitals in Bulgaria or Romanian to get a more complete picture. We pay the state outrageous insurance costs every month then go and pay out-of-pocket in private hospitals when we actually need them.
My point remains that there are plenty of thriving countries with socialized medicine, so socialized medicine _per se_ is not the problem.
>>In socialism it's much more random: black markets, lists, lotteries
>Evidence: the vast majority of European countries who have socialized medicine and seem to be doing fine.
That evidence of socialism working well, only works as long as there are enough resources to cover the needs of most people, basically some of the wealthier European countries.
But when those resources become scarce due to poor economic conditions and/or mismanagement, then you'll see the endless queues, black margets and nepotism running the system.
Evidence: former European communist countries who experienced both systems and where in some, nepotism to bypass lists still work to this day.
I think the 2024 Economics Nobel disproves this. It showed that nations with strong institutions create wealth - and it was a causative link they proved, not simply correlation.
How does that disprove what I said about abundance or lack thereof in socialized systems? Feels like an orthogonal issue.
Socialized systems don't work without abundance. How you generate that abundance is orthogonal to socialism since even countries that are wealthy on paper suffer from shortages and long waiting times in public healthcare leading to a gray-market of using connections to get ahead or more private use.
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