Let me start off that it's clear that my use of terminology here was clearly sloppy. Thanks for correcting some of that.
What you're talking about is capitalism.
I agree. The market is the system wherein my observations are happening.
I also generally agree with your point that the desire for profits often encourage efficiency. The point you pass along from your professor is probably an excellent one: corporate profits are a form of taxes and excess profits indicate a lack of health in the system.
Where my original thoughts on this lay was the example of the public health insurance system. detailbear effectively caught some of this: Bureaucracy is the parasite of the public system. However, when bureaucracy is a "service" of a capitalistic company providing services for a public service the bloat becomes waste in the system. But the observation that such bloat exists in a slightly different form in public bureaucracy suggests that it's a problem that exists without respect to whether it's being provided by the government instead of a private entity making profit on it. The main difference is where the cost is borne by the system and the incentives, if any, to reduce it.
Some of this pondering is driven by a recent article passed along on facebook about people forced out of their insurance programs as a result of becoming very expensive due to developing cancer.
What you're talking about is capitalism.
I agree. The market is the system wherein my observations are happening.
I also generally agree with your point that the desire for profits often encourage efficiency. The point you pass along from your professor is probably an excellent one: corporate profits are a form of taxes and excess profits indicate a lack of health in the system.
Where my original thoughts on this lay was the example of the public health insurance system. detailbear effectively caught some of this: Bureaucracy is the parasite of the public system. However, when bureaucracy is a "service" of a capitalistic company providing services for a public service the bloat becomes waste in the system. But the observation that such bloat exists in a slightly different form in public bureaucracy suggests that it's a problem that exists without respect to whether it's being provided by the government instead of a private entity making profit on it. The main difference is where the cost is borne by the system and the incentives, if any, to reduce it.
Some of this pondering is driven by a recent article passed along on facebook about people forced out of their insurance programs as a result of becoming very expensive due to developing cancer.
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