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How America became uncompetitive and unequal

m.washingtonpost.com

31–40 of 71 posts

Re: How America became uncompetitive and unequal

#31

Hospitals by their very nature are anti-competitive. There is no way that you as a patient can shop around. You do not have the necessary knowledge to compare the treatments, evaluate the options and decide on what represents the best value.

Yup. I had to get some surgery done a few years back, and I went surgeon shopping. The surgeons did not like that one little bit. They got quite upset with me when they realised I was talking to several different surgeons and checking out my options.

Of course, as you point out, it is very difficult to evaluate medical professionals from a layman's perspective. I ended up talking to surgical nurses in the hospitals the surgeons worked out of. It was not easy finding the nurses, it took persistence and physically going to the hospitals in question and asking real nurses which nurses I need to talk to. Then I had to track those nurses down, and convince them to talk openly. It helped that I have a cousin that is a nurse, and she gave me some contacts / introductions.

I was glad I did it though. One of the surgeons on my shortlist had a very poor reputation amongst nurses as to his skills in the operating theatre, so I managed to avoid him.

As an aside, considering just how critical the nursing staff where about this guy's skills, it is incredible to me that he is still allowed to practice...

Re: How America became uncompetitive and unequal

#32

Hospitals by their very nature are anti-competitive. There is no way that you as a patient can shop around. You do not have the necessary knowledge to compare the treatments, evaluate the options and decide on what represents the best value.

that's generally not true. For most procedures done in hospitals there is nearly no reason why patients can't shop around. With basically the only exception being the ER, for true emergencies.

Moreover, even if NOT ALL patients shop around, say, even just 10%, there would be enough momentum going to put pressure on doctors to improve quality of care and decrease costs.

Re: How America became uncompetitive and unequal

#33
post #18
post #7

Earlier quoted context omitted.

You could not possibly be more wrong. Monpolies are the exact opposite of economic freedom and amount to a planned economy, except the plan is not even nominally for the good of everyone.

While I agree with you, I would point out that planned economy plans are rarely "for the good of everyone". Planmakers tend to enrich themselves and their buddies. I'm tempted to write never, but there might have been that one historical event when it went right.

>While I agree with you, I would point out that planned economy plans are rarely "for the good of everyone".

This is exactly how it works under our system too. Instead of economic planning being set in motion by the nomenklatura, it's done by the heads of major banks.

Re: How America became uncompetitive and unequal

#34

Consolidation is also favored by cheap money (yes, back to money monopoly thingy). Above some threshold and especially if you are in good relations with a bank, it is far easier to buy your competitors and dismantle them by selling their assets than to compete with them. It's ironic how in the failed communist centralized economies, the economic policy was dictated by "elected" nomenklatura and it was BAD, while in t…

It's ironic how in the failed communist centralized economies, the economic policy was dictated by "elected" nomenklatura and it was BAD It wasn't judged as bad because of nomenklatura, or rigged elections. Few people care about these. It was bad because you couldn't get basic goods. There were shortages of sugar and toiler paper. Not war-time shortages, decades after the war. Which is why the current system will con…

There are currently shortages of another basic good: housing.

It's a mistake to think that our economies are any the less planned. Fraud may be policed at the low end, but at the high end (servicer fraud; pension rip offs) it is rife and largely unpoliced.

Re: How America became uncompetitive and unequal

#35
post #22

Earlier quoted context omitted.

Corporations are legal fictions. They exist through the power and authority of the State, their contracts are enacted and enforced through agents of the Courts. Corporations are manifestly not free to organize as they will. Is it economic freedom to have one choice for Internet broadband? For healthcare? Unregulated monopolies should supply us with food, water, power, and all other essential utilities/needs? Welcome…

Welcome to the age of thousand dollar a pill medicine. Every communication, location, every purchase, every mouse click or swipe duly tracked, recorded, and data mined. You are exactly describing the world today, as provided by our big government.

Small countries, like mine (.pt), kind of disprove this idyllic vision of small government. Small governments easily fall prey to large multinationals.

USA's woes with oligopolies may have many causes. A government concentrated at the federal level isn't probably one of them.

Re: How America became uncompetitive and unequal

#36

Earlier quoted context omitted.

It's ironic how in the failed communist centralized economies, the economic policy was dictated by "elected" nomenklatura and it was BAD It wasn't judged as bad because of nomenklatura, or rigged elections. Few people care about these. It was bad because you couldn't get basic goods. There were shortages of sugar and toiler paper. Not war-time shortages, decades after the war. Which is why the current system will con…

There are currently shortages of another basic good: housing. It's a mistake to think that our economies are any the less planned. Fraud may be policed at the low end, but at the high end (servicer fraud; pension rip offs) it is rife and largely unpoliced.

Shortage of housing in the US is only local, and it's a feature, not a bug. Voters want a shortage so that they can buy a house in a "good neighbourhood" to move away from poor people. It's almost never explicitly stated that way but that's the way the votes go.

Whole new towns are incorporated around the US to avoid poor school districts. People impose new taxes on themselves, something otherwise unheard of, to do that. Proposition B passed in SF just this month to limit new developments and will probably lead to more limits in the future. Conservative south and urban liberals united at last.

This is the system working as intended, fulfilling the wishes of its constituents.

Re: How America became uncompetitive and unequal

#37
post #22

Earlier quoted context omitted.

Corporations are legal fictions. They exist through the power and authority of the State, their contracts are enacted and enforced through agents of the Courts. Corporations are manifestly not free to organize as they will. Is it economic freedom to have one choice for Internet broadband? For healthcare? Unregulated monopolies should supply us with food, water, power, and all other essential utilities/needs? Welcome…

Welcome to the age of thousand dollar a pill medicine. Every communication, location, every purchase, every mouse click or swipe duly tracked, recorded, and data mined. You are exactly describing the world today, as provided by our big government.

> You are exactly describing the world today, as provided by our big government.

Of course I am. Orwell would be astounded.

I perceive a false dichotomy of big government vs big corporations. While it may be possible to have one without the other, we have the latter (as you point out) courtesy of the former.

Re: How America became uncompetitive and unequal

#38
TLDR, Because of monopolies (or such as the opinion of the article).

Is that really all it is? You see, I thought it may be something to do with the fact that my generation of kids (Gen X) growing up played 3 hours of video games and watched 2 hours of TV a day (Gen Y even more). Don't you think that may just slow down creative entrepreneurial minds a bit? What about the 20% of younger adults on antidepressants? 10% of them smoking pot (also known to quell ambition) What about the highest divorce rates ever? the most kids in day care (being raised by a stranger), the lowest availability of a family sanctuary to nourish a child growing up in the world. To encourage them and let them worry about things like learning without all the turmoil and drama. You don't think that may have made a difference did you? What about kids becoming sexually involved ever younger. You don't think that sexual infatuation would be any kind of distraction from things like ambition and education would you?

Also, genXers and after are very lazy. They were given too much and too little asked/expected of them. Less time has been spent by parents raising their kids in every generation since the great depression. How are kids supposed to become responsible, hard working adults when they are left to their own devices and/or raised in day care? How can a country compete when 1/2-1/3 of the generation is lazy (low work ethic).

Public education has been dumbed down to let the disadvantaged and minorities feel equal. I believe that his was never the proper approach. As such though, kids aren't even learning as much, when they actually should be learning more than the previous generations. The efforts to help minorities and inner city residents have been terribly mishandled, creating government dependent drones who end up in prison, or on welfare/disability over time. This has in many case become a growing and unhealthy co-dependent relationship between the poor/minorities/illegals and the Democrat party.

Look at all the factors which go to play in creating a successful difference maker in a society. What would put someone at and advantage? I would say first of all a loving family who spends time raising their kids themselves. Teaching them all the right things to do in life. Next, an opportunity to learn. Not just an opportunity either, a proper education that makes it interesting. Thirdly, I think that certain demands have to be put on a child as they grow up. Responsibilities and duties. Not that I think kids should study and do chores all day. I believe that kids today do too much homework at a young age. Creativity cannot be taught. Bored kids with a little regulation and opportunity can create their own entertainment and it usually involves a whole lot of creative thought. A kid sitting in front of a TV or video game all afternoon will never experience this.

These things foster ambition and all the tools needed to follow that ambition to fruition (Including the support system to keep them believing in themselves even after failing numerous times along the way)

Last but not least. Free trade and illegal immigration fundamentally changed the workforce of the USA too quickly for us to react. Labor and manufacturing jobs went overseas, or went to illegals. Manufacturing was always a trade that would slowly disappear because of robotics and automation, but not in the span of 10 years. This rapid shift caused many people to gain massive amounts of wealth (the Walton's for example) and at the same time, put many people out of work. It happened so quickly that the workforce could not adapt fast enough to re-train or let people retire as manufacturing becomes obsolete. Illegals make a large amount of wealth for a few, but at the same time put a tax and health care burden on all of our backs as we pay for their education, welfare, and emergency room visits.

I didn't hear any of this in that opinion article, only that monopolies cause these problems. Funny thing is that the monopolies are a mere side effect of a lack of all I have described that was missing from previous generations.

Breaking monopolies into smaller pieces is only going to cause 80% of the countries wealth to be shared by 1.5% of the population instead of 1% (a poor solution IMO)

Re: How America became uncompetitive and unequal

#39
post #16

Earlier quoted context omitted.

> Consolidation only persists where it is either an effective way to deliver value (Walmart) or regulatory capture has occured (eg taxi licences, car dealerships). Value for whom? The problem is that "effective way to deliver value" is measured in terms of corporate profit (value to shareholders), not in terms of the actual thing being produced. So firms can produce less value to the economy at-large (fewer flights,…

Value for who? PLEASE! Get real! Wal-Mart delivers value for shareholders because they attract customers because they're cheaper and more efficient. But I suppose some people rather vilify its customers, under the delusion that tens of millions of America's poorest could magically lift themselves out of poverty by spending more money on manufacturing and transportation costs and on people working at cash registers. B…

> Value for who?

Well they sure as hell aren't passing it on to their employees; meanwhile, their stock is doing quite well...

> Wal-Mart delivers value for shareholders because they attract customers because they're cheaper and more efficient.

> (And the grocery market in general is anything but low-competition.)

Okay, so you've double turned yourself. Walmart faces lots of competition from local chains, which prevents it from screwing consumers on prices. Competition is good.

I'd argue they compensate by leveraging their market position to place pressure on their increasingly de facto vertical supply chain and by poorly compensating their employees.

> by spending more money on manufacturing and transportation costs and on people working at cash registers.

Of course, this ignores that many of those poor are the ones in the factories, warehouses, trucks and behind the cash registers.

Re: How America became uncompetitive and unequal

#40
post #16

Earlier quoted context omitted.

> Consolidation only persists where it is either an effective way to deliver value (Walmart) or regulatory capture has occured (eg taxi licences, car dealerships). Value for whom? The problem is that "effective way to deliver value" is measured in terms of corporate profit (value to shareholders), not in terms of the actual thing being produced. So firms can produce less value to the economy at-large (fewer flights,…

Value for who? PLEASE! Get real! Wal-Mart delivers value for shareholders because they attract customers because they're cheaper and more efficient. But I suppose some people rather vilify its customers, under the delusion that tens of millions of America's poorest could magically lift themselves out of poverty by spending more money on manufacturing and transportation costs and on people working at cash registers. B…

> Wal-Mart delivers value for shareholders because they attract customers because they're cheaper and more efficient.

That doesn't really follow; it could also be, for example, that Wal-Mart delivers value for shareholders because they drove out all the competition and attract customers because they are the only place to shop at.

I'm not saying that's necessarily true for Walmart, but it's obviously true for US internet providers, to give just one example.

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