Here's what proponents of 'socialized' medicine do not realize. It is the creation of a pure monopoly!
LAW #1 of ECONOMICS 101...
Under a monopoly ALL competitive forces are eliminated. Therefore, there is no reason for their operations to...
- Do things more expeditiously (faster),
- Do things more efficiently (less expensively), or
- Make improvements in any way (do things better).
LAW #2 of ECONOMICS 101...
The only mechanism which exists under any monopoly for lowering costs is rationing... more
Here's what proponents of 'socialized' medicine do not realize. It is the creation of a pure monopoly!
LAW #1 of ECONOMICS 101...
Under a monopoly ALL competitive forces are eliminated. Therefore, there is no reason for their operations to...
- Do things more expeditiously (faster),
- Do things more efficiently (less expensively), or
- Make improvements in any way (do things better).
LAW #2 of ECONOMICS 101...
The only mechanism which exists under any monopoly for lowering costs is rationing... more