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Interesting. Hmm maybe we should look into centrally planning other industries too.



I agree. We centrally plan the police, water, electricity, and roads. Health care should be no different.


I so no reason to stop there. What about other necessities such as the agriculture and food industry? The ISP business should be federally planned as well.

I'm even starting to think the electronics industry and software industries would benefit from being completely centrally planned.

History has shown that free markets fail to allocate well. And lots of socialist and communist countries have demonstrated that fully centrally planning an economy is possible and can be done well. Central planning rarely fails.


Both history and theory show that free markets do not allocate resources well when the basic assumptions underlying efficient markets don't hold.

In the presence of non-rational behavior - such the the type of decisions people tend to make when making what they believe to be life or death decisions with extremely imperfect (and asymmetric) information - markets do not efficiently allocate resources. Throw in the fact that the decisions are frequently framed in terms of probabilities and made under duress and you've got a whole mess of psychological problems as well, even if the economic assumptions did hold (they don't).

That doesn't speak to a need for centralized planning per se, but it does mean that markets won't do the job correctly on their own.


The agriculture industry is already heavily subsidized to prevent food shortages.

But breaking away from the sarcasm, I agree that communism isn't useful. It's just there are already parts of the United States are mostly government controlled, so an argument that no parts should be falls flat on it's face.




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