re: #284 Kragar (Proud to be Kafir)

I understand where you’re coming from, but I think that the behavior of the health care insurance sector has shown us that no matter how steeply regulated a field is, if the market for it is a broken, distorted market— which there are a lot of, unfortunately— then regulation can never actually create good behavior in that market at a lower price than simply having government do it. Capitalism is like an evolutionary force; it causes companies operating under a regulatory environment to grow right up to the borders of it, taking advantage of any loopholes and exploiting any rent-seeking opportunities it can.

I think the important part is identifying which markets are naturally broken and do not admit to a private solution.