Comment by dsr_
2 days ago
$1 trillion more efficient in allocation of resources, freeing up money for consumer spending on everything.
2 days ago
$1 trillion more efficient in allocation of resources, freeing up money for consumer spending on everything.
They don't care about this stuff
The non-healthcare sectors of the economy do.
I dunno my perspective is they seem to almost entirely place value on profits today.
As long as that does not translate to good short-term profit, the shareholders won't budge
Are you saying the government is an efficient allocator of resources?
Per the study we are discussing -- as well as the results from every single other developed country I believe? -- more efficient when it comes to healthcare, yes.
If the government is so efficient, why don't we just have them run all our industries?
1 reply →
The government does not have the peverse incentive of putting private profit above all other concerns.
The perverse incentive of the politician / general / bureaucrat to favor their personal interest over the public interest is identical to the perverse incentive of the CEO to favor his personal interest over the same.
I would argue the government case is actually much worse because at least the CEO has the feedback mechanism of revenue because the company <> customer relationship is entirely voluntary on both sides. The public vote is supposed to restrain the government in the same way, but in practice it seems to be much less effective in restraining politicians than the customer is at restraining companies.
The government is just corrupt politicians and lobbyists. You're fighting to give them more money and power.
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If that wasn't the case, DOGE would have found any waste worth looking at.
It was not for a lack of motivation or a lack of cut-throat pursuit, consequences be damned.
it's that it's 1 Trillion less in incentivized middlemen. A la Graeber.