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by littlestymaar
69 days ago
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With enough regulations, subsidies, strategic planning and government interventions when things turn bad, mixed economies do the job pretty well, that's right. And when the regulation is lacking the outcome is as well. And even these economies are structured around monopolistic and oligopolistic actors. They are as related to “free market” as northern European countries welfare state is related to Communism. |
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Like there's a whole zoo of healthcare provision approaches, for example. Single payer can work fine (ala Norway), but so can Bismarck (ala Switzerland). The latter is a technological architecture that _enables_ similar or better outcomes, while being closer to a fully market-based approach.