July 2015

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A priviatized healthcare system with real functioning prices is infinitely more economic and humane in rationing medicine to those who need it than the most enlightened and caring board of government bureaucrats. Almost anyone of average intelligence over a dinner conversation can understand this if the basic economics are clearly explained.

Nevertheless, once several generations grow up under a welfare program, it becomes almost impossible to root it out, no matter how bad the system. Remember that most folks seem to understand that social security is in essence a legalized government-sponsored ponzy scheme, but despite the clarity of the accounting, it remains the third rail of American politics. In the end, the argument of a just and elightened "society" seems to trump all positive economic arguments.

Many in Britain seem to view it as their proper duty to suffer bad healthcare so that others, poorer than themselves, may likewise freely experience equally bad healthcare. Once this kind of psychosis sets in, there is really little which can be done to combat it.

Richard Epstein published a paper titled hayekian socialism.

The decision before us is not between an authoritarian society and a stateless society, it is instead between a more authoritarian society and a less authoritarian society. Hayek provides outstanding philosophical tools we can use to argue the latter, and must not be summarily dismissed or excommunicated because he isn't a doctrinaire anarchist.

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