Right-to-work Laws

[wufwugy]

The best example is how businesses do better under Democratic administrations yet they still support GOP administrations more for reasons of business-friendliness

As to more specific examples: our previous healthcare system is considered more business-friendly, yet it is near double the cost to the economy than it would be if it mimicked smarter universal systems

The problem arises because what is good for a business ends up being bad for an economy when every business employs it. It's like how saving is good for a family, but if every family saves at the same time, the economy will pretty much collapse

[Renton]

The best example is how businesses do better under Democratic administrations yet they still support GOP administrations more for reasons of business-friendliness

I think there's entirely too small of a sample size and too much economic complexity to say this with confidence. Also, GOPs are not champions of free-market principles, they are just crony-capitalists of a different feather.

As to more specific examples: our previous healthcare system is considered more business-friendly, yet it is near double the cost to the economy than it would be if it mimicked smarter universal systems

There are a lot of non-capitalist movers in the healthcare industry (the AMA for example) that cause the costs to be twice as much. I believe unfettered capitalism would solve the healthcare costs problem really fast. If there's a market for a more affordable brand of healthcare, and there is, there will be affordable healthcare to meet the demand, because that's how capitalism works. The problems are not the market, but the restrictions placed on human resources, the lack of affordable medical schools, the artificial and arbitrary cap on doctor certification, and the cronyism that has run rampant in the pharmaceutical industry.

[wufwugy]

I think there's entirely too small of a sample size and too much economic complexity to say this with confidence. Also, GOPs are not champions of free-market principles, they are just crony-capitalists of a different feather.




There are a lot of non-capitalist movers in the healthcare industry (the AMA for example) that cause the costs to be twice as much. I believe unfettered capitalism would solve the healthcare costs problem really fast. If there's a market for a more affordable brand of healthcare, and there is, there will be affordable healthcare to meet the demand, because that's how capitalism works. The problems are not the market, but the restrictions placed on human resources, the lack of affordable medical schools, the artificial and arbitrary cap on doctor certification, and the cronyism that has run rampant in the pharmaceutical industry.

The issue with the "pure capitalism" or "pure free market" view is that it assumes an inseparable attribute of a society (government and regulation) is separable. The irony is that in order to ensure real free markets, they must be strictly regulated for in order to keep corruption at bay. Otherwise we end up with the natural progression of what turns to crony capitalism. The problems in our healthcare system are not due to some fundamental disagreement with capitalism, but have been purposefully constructed by too much freedom to manipulate the system by those who would do so.