Quote:
Originally Posted by GGG
I don't think you need the private sector to keep the price down. Look at Saskatchewan and Manitoba telecom. There pricing is half of what the price elsewhere in Canada and it returns profit to the government.
It is a myth that the government can't drive cost down. What the government isn't incentivized to do is innovate. Innovation can bring new tech or drive down costs and is achieved through failure and market selection.
So in a relatively mature industry like basic health services a publicly funded system should give excellent results. In the drug industry the profit motive drives innovation. So a balance of private sector innovation and public options is required. Ignoring the value a governments effectiveness in delivering services in a monopoly or oligopoly environment and relying on capitalism to deliver optimal outcomes is as foolish as expecting communism to work.
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That's kind of cherry picking with Sask and Man Telecom. We pay the highest rates in the world. Part of that is because of how vast of a Country it is and the amount of infrastucture required to provide the service. I don't think it's a valid argument.
The free market, free of government interference is much better at keeping costs down and innovating. Otherwise we might as well have the government control the means of production for the entire economy, we already seen how that doesn't work.
That's the problem with the public funded system, it's very basic and expensive for what it offers, there's also a shortage of Doctors because there is no incentive and they choose to go to other places to practice (The USA). There needs to be competition to keep things efficient, cost effective and innovative. The free market needs to be allowed to operate, free of government and ologopoly's.