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Tag Archives: socialism
Frankly, it is socialist economics, though you can try to paper over that fact all that you want.
When a government intervenes in a market, it upsets the dynamics of a market and forces inefficiencies. In fact, I would strongly argue that government is responsible for the high health care costs today.
In a free market, I have the option to pick the best plan for me, from a range of suppliers, at the price I wish to pay. As soon as you get government involved, there are mandates of what plans have to include, it increases prices and consolidates supply. That is bad for the consumers of health care.
Another not unimportant consideration is, that the powers of the general government will be, and indeed must be, principally employed upon external objects, such as war, peace, negotiations with foreign powers, and foreign commerce. In its internal operations it can touch but few objects, except to introduce regulations beneficial to the commerce, intercourse, and other relations, between the states, and to lay taxes for the common good. The powers of the states, on the other hand, extend to all objects, which, in the ordinary course of affairs, concern the lives, and liberties, and property of the people, and the internal order, improvement, and prosperity of the state.