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RE: The Reason Why Government Is Horribly Inefficient... And That Can't Be Fixed

in #government8 years ago

I actually agree, the reason why privatization doesn't end up working is because at some point it's no longer really private but enforced by government granted monopoly using public funds. This is specifically true for copyrights and patents on medicine or technology used in medical devices. Socialized medicine can be better when the government is negotiating with these patent holders and can threaten to use generic (unlicensed) drugs, as a result people in the US pay a higher price for drugs because they don't have a real choice to use unlicensed generic drugs.