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by duckingtest
3184 days ago
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American medical system is not capitalist but mercantilist. It's illegal to offer services without explicit permission of the medical guild. It has the exact same effect all historical guild systems had: price gouging and reduced supply. Taxi licenses are another good example. Capitalist medical system would mean the value of a particular medical certification would be set by the market, ie. everyone would be able to sell medical services. Historically free market has always resulted in a much better quality in addition to lower prices. |
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This distinction is made on the fallacious idea that "capitalism" is equal to a totally free market. This is a common confusion but false nevertheless. There is no reason I see why a capitalist system cannot include intervention by the government, and indeed it must deal with this to uphold property rights as even libertarian authors tell us.
Capitalism is the predominant employment of wage-labour, the private ownership of social means of production and the goal of accumulation of capital.
>Historically free market has always resulted in a much better quality in addition to lower prices.
It has also resulted in much higher rates of exploitation, as the workers of countries with more lax or unenforced labour laws suffer greatly for it.