Health – A Market Like No Other

As part of my economics degree and my wide reading of economics books, I have had the idea of the market drilled into my head. The market is continually praised and idealised as the best way to organise resources in society. When then is health the major exception? Why do we not pay for medical treatment the same way we pay for a house or hire a doctor like we hire a plumber? Why is health treated in such a completely way, and why is this differential so widely accepted? Continue reading “Health – A Market Like No Other”

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The Waste Of Privatisation

Libertarians advocate reliance on the private sector and the down play or even abolition of the public sector. However, what they don’t seem to realise is that this system is enormously wasteful. Privatising public industries would result in duplication, under capacity and under use of resources. Libertarians fail to recognise the power of economies of scale that the state wields to keep costs low. There are simply are some times when we are better together than alone. Continue reading “The Waste Of Privatisation”

Nationalise The Legal Service?

I know the title sounds bizarre but hear me out. I’m not a Communist, just thinking aloud. Allow me to play Devil’s advocate for a moment, and have a little thought experiment. I’ll just apply the logic of public or private debate to the legal service and see where we end up.

Continue reading “Nationalise The Legal Service?”