| Well the US has a generous social safety net, which discourages private savings. Healthcare is also vastly over-priced due to govermment intervention. The number of hospital administrators increased 3,200% between 1975 and 2010, compared to a 150% increase in physicians, and this increasing inefficiency is due to an increasing number of regulations: https://www.athenahealth.com/insight/expert-forum-rise-and-r... >>Productivity isn't connected positively individual quality of life, otherwise this wouldn't be the case. Quality of life is vastly better in high-productivity countries than low-productivity ones. Only someone who has been totally sheltered from the extreme poverty characteristic of many countries of the world could even make a comment as detached from reality as yours. >>A free market depends on an entire class of people maintained in poverty. That is not efficient except for a minor plurality. That's demonstrably false. The global poverty rate has been decreasing at the fastest in history over the last 30 years, concurrent with the spread of marker institutions. The rate of extreme poverty has halved in the last 20 years. |