Tag Archives: Choice

MUST-SEE: Cato Institute lady explains why competition is better than monopoly

Look at this fun video of a young lady from the libertarian Cato Institute explaining why choice and competition are better for consumers than monopolies! (H/T Hot Air)

She is especially interested in education and has lots of wonderful statistics.

It’s only 5 minutes long! This woman (Izzy Santa) is way better than Dan Mitchell! His videos were horrible compared to this one. I can actually understand what this lady is saying, and she makes fun gestures when she talks. She says “rotten”! The charts are really helpful, too. This is probably the best thing you could ever watch to learn a little bit about why I find economics so interesting. This is really something that all women should know a lot about to help them to be excellent wives and mothers.

You might want to send this post to your friends and family who may think that the best thing for education is to give public schools more money. It may be that the best way to get better public schools for less money is to make them compete with private, parochial and charter schools.

Moral hazard and the recession

Here’s another video on moral hazards, which explains how we got the recession:

This one is only 4 minutes long. I don’t think it’s quite as good as the first one. The lady who is presenting is from the Independent Women’s Forum. I love that think tank! They have Carrie Lukas on staff. She is the author of “The Politically Incorrect Guide to Women, Sex and Feminism”.

Supreme Court sides with Conservative Party against price-fixing monopoly

Prime Minister Stephen Harper

Story here from the Vancouver Sun. (H/T Andrew)

Excerpt:

The Canadian Wheat Board cannot spend money on advocacy to protect its monopoly, following a Supreme Court of Canada decision Thursday against hearing an appeal from the Winnipeg-based agency, which asserts that it has been silenced by the Conservative government.

Without giving reasons, the high court declined the appeal application to a Federal Court of Appeal ruling that sided with the federal government in its 2006 order from then-agriculture minister Chuck Strahl for the board to refrain from spending its money on lobbying.

[…]The federal Conservatives are seeking to end the board’s monopoly, which is controlled by farmers. The monopoly makes the agency one of the world’s biggest exporters of wheat and barley.

The board maintains that the monopoly ensures farmers receive the best prices for their grain, but the federal government, along with some farmers, say that they would be better off in a free market, selling their products on their own.

Conservatives are for a free market and competition, because we believe that it is the best way for consumers to get a low price and high quality. The proper role of government is to ensure that no organization or business enjoys monopoly status due to the government insulating them from competition. The Canadian Wheat Board is just one option, but farmers should have other choices to sell their product.

Capitalism is opposed to monopolies and it is the proper role of government to make sure that no government policy is set up to favor one corporation over any competitor. Let the farmers choose what is best for them. Choice and competition.

Dean of Harvard Medical School gives health care bill a failing grade

Story from the Wall Street Journal, by the Dean of Harvard Medical School Jeffrey S. Flier.

Excerpt:

As the dean of Harvard Medical School I am frequently asked to comment on the health-reform debate. I’d give it a failing grade.

[…]Speeches and news reports can lead you to believe that proposed congressional legislation would tackle the problems of cost, access and quality. But that’s not true. The various bills do deal with access by expanding Medicaid and mandating subsidized insurance at substantial cost—and thus addresses an important social goal. However, there are no provisions to substantively control the growth of costs or raise the quality of care. So the overall effort will fail to qualify as reform.

In discussions with dozens of health-care leaders and economists, I find near unanimity of opinion that, whatever its shape, the final legislation that will emerge from Congress will markedly accelerate national health-care spending rather than restrain it. Likewise, nearly all agree that the legislation would do little or nothing to improve quality or change health-care’s dysfunctional delivery system. The system we have now promotes fragmented care and makes it more difficult than it should be to assess outcomes and patient satisfaction. The true costs of health care are disguised, competition based on price and quality are almost impossible, and patients lose their ability to be the ultimate judges of value.

Worse, currently proposed federal legislation would undermine any potential for real innovation in insurance and the provision of care. It would do so by overregulating the health-care system in the service of special interests such as insurance companies, hospitals, professional organizations and pharmaceutical companies, rather than the patients who should be our primary concern.

In effect, while the legislation would enhance access to insurance, the trade-off would be an accelerated crisis of health-care costs and perpetuation of the current dysfunctional system—now with many more participants. This will make an eventual solution even more difficult. Ultimately, our capacity to innovate and develop new therapies would suffer most of all.

In order to have an economy recover, you need people running government who actually understand health care and economics. My lunch-time book is Regina Hertzlinger’s “Who Killed Health Care?”. Regina teaches at Harvard University, as well. She talks about how we need to lower costs and improve quality by introduce elements of choice and competition. Her plan is similar to the Republican’s Patient’s Choice Act. Consumer-Driven health care is the right solution to the problem of rising health care costs. Obama’s plan just adds fuel to the fire.

The right way to reform health care without sacrificing liberty

Consumer-driven health care:

Health Care: Fostering Focus Factories
with Dr. Regina Hertzlinger
(8:46)

Choice, Competition Should Drive Health Care Reform
with Dr. Michael D. Tanner
(5:21)

The Republican Plan (“Patient Choice Act”) is consumer-driven:

Obama’s False Health Care Choice
with Rep. Paul Ryan
(10:39)

Ideas for Free-Market Health Care Reform
with Rep. Paul Ryan
(8:30)

What’s wrong with Obamacare, Medicare, RomneyCare and CanadaCare:

Competing with the Government
with Dr. Michael F. Cannon
(7:34)

Medicare: A Model for Reform?
with Dr. Michael D. Tanner
(4:34)

Lessons from Massachusetts Health Care Reform
with Dr. Michael D. Tanner
(4:18)

The Canadian Health Care Experience
with Sally C. Pipes
(7:45)

Puncturing the Myths of American Health Care
with Sally C. Pipes
(about 8 minutes)