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Old 07-25-2007, 06:11 AM
Jamougha Jamougha is offline
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Join Date: Oct 2005
Location: Learning to read the board
Posts: 9,246
Default Re: Just Saw Sicko, Now Have Question

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It's worth bearing in mind hat the US government spends more on healthcare per capita than any other nation on the planet.

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The U.S. also has socialized medicine. Your point?

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That the US also spends as much again on private insurance and there are still many millions without any cover.

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The main role of government is to intervene in cases of market failure like this. I can't see why you would not want to do it.

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I don't want to do it because I reject your premise that you base that accusation on. The main role of government is to protect the citizens from fraud and coercion, not "intervene in cases of market failure."

Also, please define "market failure."

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Market failure occurs where the workings of the marketplace stray far enough from the economic concept of 'perfect competition' that gross inefficiency is assured. This may occur because one side has much less information than another, or in a variety of other situations.

You may not agree that governments should intervene in conditions of market failure. However I would encourage you to investigate economics before making that decision. In cases of market failure government intervention may make everyone better off.