Sunday, January 10, 2010

How can a government propose to nationalize the healthcare industry with threats of fines and imprisonment for any who do not subscribe to it? This wicked proposal has been put forth as a "fix" for the healthcare industry. But why does it need to be "fixed?" Has free market economics failed in some way? Why is the healtchare industry in the US dominated by increasingly powerful institutions, both providers and payers, with concentrations of power that are detrimental to the quality and availability of its services?

How can Great Society programs like Medicare and Medicaid so warp an industry and lay the groundwork for ever-increasing government intervention in the marketplace with its inevitable curtailment of basic, constitutional liberties? Because it's a law of economics, that's how.

Consider how this very situation was forseeable two generations ago, and how it was avoidable.

If the government, faced with this failure of its first intervention, is not prepared to undo its interference with the market and to return to a free economy, it must add to its first measure more and more regulations and restriction. Proceeding step by step in this way it finally reaches a point in which all economic freedom of individuals has disappeared. Then socialism of the German pattern, the Zwangswirtschaft of the Nazis, emerges. Ludwig von Mises, "Planned Chaos," 1947

So you see, the "fix" isn't more government intervention, it's less; and that the path of increasing intervention leads to social catastrophe.

Pick your poison.


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