Comment by cogman10
1 day ago
Because we have governments anemic to running anything or regulating any business.
They are much more likely to continue shoveling cash into private businesses through subsidies then to want to setup and/or run the same business for a fraction of the cost.
This comment is weird to me. The US has one of the most effective environmental regulators in the world (EPA). The FAA and FDA are also excellent. The securities markets in the US are the global gold standard of regulation (SEC, etc.).
Certainly. These are institutions that have mostly been created during the progressive era of the US. The EPA (I believe) is the latest of these organizations.
Since roughly Reagan, the US has been either fully dismantling, defunding, or privatizing these institutions.
We've seen the FAA start to rely too heavily on the likes of Boeing to set regulation standards. The FDA has relied heavily on fees from private institutions to function and it's weakening due to that improper mixing has resulted in the likes of the Vioxx scandal.
Medicare is a good example of this. Under Clinton, rather than expanding or reforming medicare he introduced a plan to allow private insurance companies to get government dollars (medicare part c).
Think the word that fits there is "allergic".
The same one who just said PE isn't allowed to buy any more residential real estate?
I hope they go after hospitals next.
> The same one who just said PE isn't allowed to buy any more residential real estate?
We'll see. That was just an EO. That doesn't really have the force of law behind it. There's not a regulatory body (AFAIK) that would or could prevent PE from gobbling up a home.
But if there's a route to stop it then I'm not opposed to it. PE buying essential goods and industries is bad for everyone.
My impression is it was also mostly a publicity stunt.
It wasn't even an EO. It was a tweet.
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He says about 500 things a week and rarely followed through. They have gone after anyone yet so I wouldn't be thinking about "next"
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NB: “single family homes” not “residential real estate”
I’ve been hoping to meet one of the marks for the ol’ “tweet means he did it” thing in year 5. Hello!
Government is probably the worst actor to run healthcare facilities. It’s not that different from PE, except with more administrative bloat. I’d be curious to compare US PE run facilities with government run facilities in Canada.
There is not an easy answer here, it basically a cost centre that whoever runs it, the welfare state is incentivized to spend as little as possible on it. PE is almost certainly a bad solution. If they can destroy a restaurant or other low impact business, I hate to think what they’d do to businesses that care for people. You’d get the healthcare equivalent of Burger King. But with government you get the equivalent of the DMV.
Canada's healthcare is generally cheaper per capita, pays healthcare workers less and has far lower administrative costs than the US. The US spends 5x the average of other wealthy countries on administrative costs [1]. This line that the government is automatically inefficient and terrible at anything at all is not true, is not set in stone and does not preclude private industry being even more greedy, stupid, amoral and inefficient than the government.
[1] https://www.pgpf.org/article/how-does-the-us-healthcare-syst...
> The US spends 5x the average of other wealthy countries on administrative costs [1]. This line that the government is automatically inefficient and terrible at anything at all is not true
It's a line that tends to be mainly parroted by... the US. Quelle fucking surprise.
> I’d be curious to compare US PE run facilities with government run facilities in Canada.
You don't have to do that, we have US government ran facilities. It's the VA.
And if you look at the costs associated with the VA, they are much much cheaper than almost any private care [1].
And if you know a few vets, you know they almost universally love the VA. It's one of the best perks of serving in the military.
[1] https://www.herc.research.va.gov/include/page.asp?ID=inpatie...
Free market ideologues are too dumb to understand local minima.
An ideal free market is a global minima (in theory). It's the best.
A non-ideal free market (heavily subsidised and regulated) might be close (in parameter space) to a global minima, but might be highly suboptimal compared to a local minima.
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Huh the government is the ideal party to do that. Because it can set its goals to best serve its constituents instead of making money.
Don't forget there are so many countries with government healthcare and their care is a lot more accessible than the US's. I've lived in many countries and a nationalised healthcare system is one of the things I select for.
Even a poor country like Cuba has one of the highest numbers of doctors per capita. Unfortunately a bit hamstrung by the US's illegal and needless sanctions so they can't get proper equipment but I've been told healthcare is still pretty excellent there.
it’s that first paragraph which is really the bugaboo. In an ideal world that first paragraph is 100% true. In reality, what you get is the government getting its own people on the inside, raking in tons of contract money and doing very little for that, then squeeze the services on the inside to win political points from their constituents by drumming up hatred for the system in which they work. While they take in "campaign contributions" from private entities who benefit from people falling out of the system or being fed up with it.
so I agree with you in theory, but in practice, there was a whole host of other issues that would need to be dealt with somehow. I don’t know that more bureaucracy is the solution, but I would like to think it can be handled.
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You're both right: government-run healthcare works okay, except when it's the US government.
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Government is probably the worst actor to run healthcare facilities
Are those your gut feelings, or do you have an argument to back it up?
In reality, the outcomes from Government operated hospitals in Scandinavian Countries do not need to hide behind those of other countries, especially not with the US
https://jamanetwork.com/journals/jamainternalmedicine/fullar...
A better way to put this is
"The government is the best entity to run healthcare, except, when the voters elect people who's motto is fuck you, I've got mine"
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