Government Failure and Mary Ruwart's PWNing of Pharmaceutical Regulations
My, this is a skimpy Wiki article on government failure - each of these types of failures is so massively widespread and such an oppressive burden on the economy that without it, life would be so much better, under laissez faire political economy, that people wouldn't recognize it as their own world, would in fact be as stunned by the reality as if they were visiting a more technologically advanced alien culture.
My favorite example of this is Mary Ruwart's work on regulations' effects in the pharmaceutical industry, and how many hundreds of thousands of deaths in the American health care system are irrefutably caused by the precautionary principle (net difference in death rates from those that would happen under an unregulated, more risk-taking medical market). Thre are so many unintended consequences of the invisible foot of government on the market for health that it's shocking even to us in the choir leading the alto section.
For now I can only point you to her book, Healing Our World, Chapters 5 and 6. It'd be nice to think I'd find time to synopsize that here at some point, but for now, let us absorb the broad categories of destruction visited on us by political power taken too far.
My favorite example of this is Mary Ruwart's work on regulations' effects in the pharmaceutical industry, and how many hundreds of thousands of deaths in the American health care system are irrefutably caused by the precautionary principle (net difference in death rates from those that would happen under an unregulated, more risk-taking medical market). Thre are so many unintended consequences of the invisible foot of government on the market for health that it's shocking even to us in the choir leading the alto section.
For now I can only point you to her book, Healing Our World, Chapters 5 and 6. It'd be nice to think I'd find time to synopsize that here at some point, but for now, let us absorb the broad categories of destruction visited on us by political power taken too far.