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Reply to "Which is better capitalism or socialism?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think we should have better socialized medicine. It’s not capitalism all the way or we turn into Cuba. There is lots of middle ground. Western Europe does well with capitalism but has a much better ( not perfect) health care system and provides better for the elderly etc. [/quote]

I would make the argument that socialized medicine would catalyze capitalism. Because it would capitalize entrepreneurship -- it's a lot easier to take risks in creating new businesses, etc. if you have the health care safety net. In an employer-based health insurance system, people are afraid to leave their jobs.

And before anyone starts harping on the taxes for socialized medicine, I'd argue that the premiums and deductibles we have to pay are the equivalent of taxes.

And before anyone starts harping that they don't want the government making decisions about when and where you can get treatment, I'd argue that as much as it would suck, it's probably preferable to allowing a profit-motivated insurance company that's trying to meet quarterly earnings targets to make such decisions.[/quote]

One solution is to provide basic health care for all but also allow private insurance for those who are willing to pay out of pocket for more care.  The UK does this; Canada generally does not. Switzerland requires that everyone buy insurance for basic health care (assume if you're truly impovershed the state kicks in the fee) but enhanced insurance can be bought (or provided by an employer).[/quote]

aka Obama Care as originally conceived.[/quote]

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