Well said. We are now 10 + years into the ACA and all the state run crap that goes with it . I have a bunch of friends who are doctors and say they would not go into medicine and advise their children to not go into medicine. Maybe the silver lining with Covid is it finally breaks the back of our healthcare system. Personally, I would like to buy a subscription into a hospital chain or concierge medical service(of which some already exist) and pay the docs directly.
Love the article but disagree privatizing is the answer; it's the path that led here. What we need is independent regulatory oversight and universal health care, not a for profit model run by lawyers and bureaucrats. A return to using Precautionary Principle wouldn't hurt either.
Your leap from considerations of regulatory capture to healthcare privatization will not be understood by people who do not have sufficient knowledge of the libertarian economic and social analysis.
Indeed we must separate healthcare and State.
The government is not the solution, it is the problem, as Ronald Reagan used to say.
But untrained minds might conclude the opposite.
So for anyone wondering how I come to this conclusion I would refer to the public choice theory, to Thomas Sowell (many interviews on Youtube) and my favorite: Frédéric Bastiat www.bastiat.org
I won't dive into austrian economics but let me just debunk the most relevant superstition here: In healthcare profit (ie the bottomline) is at odds with morale.
Well that is not the case in the insurance business, which turns hazards into losses and therefore their reduction into profits : Their bottomline is consistent with morale. Which is why they exist.
In a free healthcare jurisdiction I would trust my family healthcare to a good doctor and get an insurance against health hazards and death. My insurance company would suggest precautions to us in the form of primes reduction - like not smoking. In the absence of government regulators, pharmas could not capture them or lobby political parties (ie buy politicians). Their business model could only consist of convincing insurances to recommend their medications to help their bottomline by reducing disease and death.
The COVID pandemy would be dealt with minimal harm by a healthcare market economy. There can be no denying of early treatments efficacy when your bottomline and maybe your job is at stake. The "vaccines" use would be minimal if any for the same reason. Lockdowns cost vs benefits analysis would be made since the healthcare economy would not be disconnected from the rest.
Another superstition holds that government healthcare is the only for the poor not to die in the street. The truth is the opposite. But I don't want this to be too long. Just look around next time you drive downtown, and maybe read Tocqueville's study of pauperism in England (1835).
Nice article and I appreciate the lists. Kinda feel the redefinitions of "immunity" and "vaccine" should be on there too. Part of the whole movable goalpost thing.
And yeah, I never got over the Supreme Court saying that healthcare could be mandated. I think one of the justices had a dissenting opinion about how is it possible we can tell every citizen they HAVE to buy a product, like a cellphone for example, but that opinion didn't carry the day, obviously. I was all, yeah, you can require it when it's actually something I want--I knew back then US 'healthcare' was more of a system-to-get-you-hooked-in than anything interested in healing. I wasn't too into politics at that moment of my life but I sure did notice how the prices for insurance--premiums and deductibles--magically skyrocketed once we DID have the ACA. And them labeling all the plans "gold" and "platinum" just showed me they think we average folk (me anyway, not trying to speak for anyone else here) ARE that dumb, to be distracted by the shiny names. LOL, I guess.
Probably the best article I've read that lays out regulatory capture - short, to the point and enough to make anyone sick. I wanted to thank you for pointing us in the direction of Dr. John Campbell. I had not heard of him prior to watching the video you linked but after watching just 5 minutes - I was an immediate fan for life and subscribed to his channel. He is yet another addition to my growing list of heroic MD's and scientists who are keeping it real!
If you listen to RFK, Jr., he will tell you that regulatory capture occurred long before covid, and has been a part of the pharma landscape for years, if not decades. Yes, it is a problem, but as long as CDC employees, who do not work for the government, can personally profit based on patents they have their names on, and as long as a pharma is allowed to provide the lion's share of funding to such agencies, we will never get out from under this tyranny. We should have seen this coming a long time ago, but we were complacent; we allowed the CDC to mandate injecting our children with 72 doses of 16 different vaccines while they were still young. There is a reason that the U.S. went from having the healthiest childhood population before the late 80s and early 90s to no having the world's unhealthiest childhood population. Regulatory capture has been the bane of our existence now for decades, and our kids are paying the price.
I'm listening. Leading with "broken" is an understatement though. Whether public or private, corrupt is corrupt. Promising, new technology that has the *potential* to prevent or cure disease is not an end all be all to exploit people, our families, friends, complete strangers. Transparency has been lost. "A body of men holding themselves accountable to nobody ought not to be trusted by anybody." - Thomas Paine
Well said. We are now 10 + years into the ACA and all the state run crap that goes with it . I have a bunch of friends who are doctors and say they would not go into medicine and advise their children to not go into medicine. Maybe the silver lining with Covid is it finally breaks the back of our healthcare system. Personally, I would like to buy a subscription into a hospital chain or concierge medical service(of which some already exist) and pay the docs directly.
Excellent article. Here is another one that explains whey there is a drive to get everyone vaccinated, regardless whether it works or not.
https://brownstone.org/articles/the-corruption-of-my-liberal-tribe/
Love the article but disagree privatizing is the answer; it's the path that led here. What we need is independent regulatory oversight and universal health care, not a for profit model run by lawyers and bureaucrats. A return to using Precautionary Principle wouldn't hurt either.
Your leap from considerations of regulatory capture to healthcare privatization will not be understood by people who do not have sufficient knowledge of the libertarian economic and social analysis.
Indeed we must separate healthcare and State.
The government is not the solution, it is the problem, as Ronald Reagan used to say.
But untrained minds might conclude the opposite.
So for anyone wondering how I come to this conclusion I would refer to the public choice theory, to Thomas Sowell (many interviews on Youtube) and my favorite: Frédéric Bastiat www.bastiat.org
I won't dive into austrian economics but let me just debunk the most relevant superstition here: In healthcare profit (ie the bottomline) is at odds with morale.
Well that is not the case in the insurance business, which turns hazards into losses and therefore their reduction into profits : Their bottomline is consistent with morale. Which is why they exist.
In a free healthcare jurisdiction I would trust my family healthcare to a good doctor and get an insurance against health hazards and death. My insurance company would suggest precautions to us in the form of primes reduction - like not smoking. In the absence of government regulators, pharmas could not capture them or lobby political parties (ie buy politicians). Their business model could only consist of convincing insurances to recommend their medications to help their bottomline by reducing disease and death.
The COVID pandemy would be dealt with minimal harm by a healthcare market economy. There can be no denying of early treatments efficacy when your bottomline and maybe your job is at stake. The "vaccines" use would be minimal if any for the same reason. Lockdowns cost vs benefits analysis would be made since the healthcare economy would not be disconnected from the rest.
Another superstition holds that government healthcare is the only for the poor not to die in the street. The truth is the opposite. But I don't want this to be too long. Just look around next time you drive downtown, and maybe read Tocqueville's study of pauperism in England (1835).
Nice article and I appreciate the lists. Kinda feel the redefinitions of "immunity" and "vaccine" should be on there too. Part of the whole movable goalpost thing.
And yeah, I never got over the Supreme Court saying that healthcare could be mandated. I think one of the justices had a dissenting opinion about how is it possible we can tell every citizen they HAVE to buy a product, like a cellphone for example, but that opinion didn't carry the day, obviously. I was all, yeah, you can require it when it's actually something I want--I knew back then US 'healthcare' was more of a system-to-get-you-hooked-in than anything interested in healing. I wasn't too into politics at that moment of my life but I sure did notice how the prices for insurance--premiums and deductibles--magically skyrocketed once we DID have the ACA. And them labeling all the plans "gold" and "platinum" just showed me they think we average folk (me anyway, not trying to speak for anyone else here) ARE that dumb, to be distracted by the shiny names. LOL, I guess.
Great post and links. Thanks! It is indeed sickening to witness.
Excellent post.
Probably the best article I've read that lays out regulatory capture - short, to the point and enough to make anyone sick. I wanted to thank you for pointing us in the direction of Dr. John Campbell. I had not heard of him prior to watching the video you linked but after watching just 5 minutes - I was an immediate fan for life and subscribed to his channel. He is yet another addition to my growing list of heroic MD's and scientists who are keeping it real!
If you listen to RFK, Jr., he will tell you that regulatory capture occurred long before covid, and has been a part of the pharma landscape for years, if not decades. Yes, it is a problem, but as long as CDC employees, who do not work for the government, can personally profit based on patents they have their names on, and as long as a pharma is allowed to provide the lion's share of funding to such agencies, we will never get out from under this tyranny. We should have seen this coming a long time ago, but we were complacent; we allowed the CDC to mandate injecting our children with 72 doses of 16 different vaccines while they were still young. There is a reason that the U.S. went from having the healthiest childhood population before the late 80s and early 90s to no having the world's unhealthiest childhood population. Regulatory capture has been the bane of our existence now for decades, and our kids are paying the price.
I'm listening. Leading with "broken" is an understatement though. Whether public or private, corrupt is corrupt. Promising, new technology that has the *potential* to prevent or cure disease is not an end all be all to exploit people, our families, friends, complete strangers. Transparency has been lost. "A body of men holding themselves accountable to nobody ought not to be trusted by anybody." - Thomas Paine