• RestrictedAccount@lemmy.world
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    11 months ago

    Adam Smith, who is considered to be quite the capitalist, said that it is impossible to have a free market if the participants cannot choose not to participate.

    Letting Doctors use the “free market” set medical prices is not only sinful, it is not justifiable by the most originalist economic theory.

    • Semi-Hemi-Demigod@kbin.social
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      11 months ago

      The ACA was supposed to have a public option that would put a control on the insurance prices. Ideally the public option would be so good that the insurance industry would just wither and die.

      But the health insurance industry, mainly via Joe Lieberman, made sure that was never going to happen.

        • bitwolf@lemmy.one
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          11 months ago

          The website looks like all Sunshine and rainbows. Now I’m really curious why they can’t be trusted.

          • thallamabond@lemmy.world
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            11 months ago

            Jmho. As a political party you need a platform, as far as I can tell No Labels platform is “can’t we all just get along?”

            Also their members make up a who’s who of keeping actual legislation from happening, starting with Joe Lieberman for removing a single pair option from the ACA. Rumor has it they have courted Kristen Simena and Joe’s manchin.

            Also Harland Crowe is rumored to be a big funder, as far as I’m concerned these people represent money and nothing else.

    • grue@lemmy.world
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      11 months ago

      Letting Doctors use the “free market” set medical prices is not only sinful, it is not justifiable by the most originalist economic theory.

      That’s not even what’s happening. It’s vampire middlemen setting the prices, which is even worse.

    • Zorque@kbin.social
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      11 months ago

      Unfortunately Capitalism by its very nature abhors a free market. Free markets mean more competition, which means less profits. Which is counter to the ideology of capitalism, that being higher profits mean success.

      • grue@lemmy.world
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        11 months ago

        Capitalism is fundamentally unstable and will devolve into monopoly and autocracy if not regulated to prevent it.