Capitalist vs Socialist: Healthcare Bill

Help The Sick By Ending Public Healthcare:
http://www.youtube.com/watch?v=OK8tJrlBfZA

Alternate Channel: http://www.youtube.com/otherjacobspinney

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News & Politics

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• otherjacobspinney
• capitalism
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• socialism
• health
• care
• bill
• medicare
• medicaid
• public
• option
• universal
• socialized
• medicine
• free
• market
• failed
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[sverdlovX]

you know all the other countries are laughing at you right?

[levishelley55]

Which US government controlled faggot made this video?????

i live in the UK where ANYONE and EVERYONE gets free healthcare why the fuck would americans want such an animalistic and barbaric society where people dont even help each other. just so some can pocket the difference.

What if you got CANCER HUH??????? you got 100k for cheamo? DIDNTTHINK SO

[cbl2988]

@TheSelfishAltruist This recession proves the opposite. Printing money DOES not reduce inflation. The whole point of QE is to RAISE the price level (i.e., in housing). Countries with more government interference and regulation are in even more trouble than the US (like Greece, Italy, Portugal, and pretty much the rest of Europe) because they decided to put too much on their credit cards to pay for goodies. Ironically, that's what drives up costs.

[cbl2988]

@TheSelfishAltruist Your first mistake was thinking that the US has a free market system when it comes to health care. Far from it. Before Obamacare, about half of the industry was government run/subsidized, and the other half was heavily regulated in favor of big insurance companies. Those are two of the biggest reasons why healthcare costs rose so much, and since Obamacare was past, costs have gone up even more. The problem is healthcare is never for free. It always has to be paid for.

[TheSelfishAltruist]

@cbl2988 And on health... yes I believe it should be free, as its fairer and cheaper using the single payer system.

The facts support my argument. i don't make this case based off ideology, I do so on economics.

If private health was cheaper than public, and had the same outcome, id support privatising healthcare in my country, but it just doesn't happen and the USA is a perfect case study.

btw, I am a strong believer in capitalism, but also in good regulation on the markets.

[TheSelfishAltruist]

@cbl2988 No, when governments print money they do so reduce inflation. This can work as long as they don't go too mad, and pay the money back when the economy is in surplus. This recession was caused by too much emphasis on the free market. Firstly, there is not enough regulation in banking, and secondly the recession needed to be fixed by quantitative easing. Government therefore has a important role in the economy, and people need to recognise that fact.

This recession proves that.

[cbl2988]

@TheSelfishAltruist BTW, the financial crisis was caused by the Federal reserve expanded credit by printing money out of thin air and artificially lowering interest rates to stupidly low levels. That caused a massive misallocation of resources in long-term projects like housing (along with other stupid government regulation that created a climate of moral hazard).

[cbl2988]

@TheSelfishAltruist Judging from your comment, you seem to think there is such a thing as a free lunch. Spending is not free, that is the heart of the matter. If it were, then we could just print our way out of this mess. The problem is, all of these things have a very dear cost.

[TheSelfishAltruist]

@cbl2988 So the euro crisis has happened, because some countries are refusing to bail out Greece, meaning their interest stays high, and they have had to adopt some serious money saving policies. This lack of movement makes the markets jittery, and then you see decline in economic activity (e.g. bank loans) and hey presto recession...

government has the power to fix but the problem is lack of agreement. Germany has tried to get a deal going but is failing as no one wants to loan greece anything

[TheSelfishAltruist]

@cbl2988 On top of this the price of wholesale goods has gone up, meaning inflation has hit. This means, that people tend to cut back and save, so theres less money in the economy, unemployment goes up as companies lay off workers, costing even more in lost tax and production.

In the case of Greece, they have been silly with their spending, but remember being in debt is actually ok, its only when the interest goes up when the problems hit, and this is happening in greece.

[TheSelfishAltruist]

@cbl2988 No, the recession is caused by toxic debts, whereby banks have loaned out more money then they can afford to, and the debtees have not been paying them back, meaning they have needed to be bailed out by the taxpayer. This happened because of short term thinking, die to a lack of proper regulation.

Countries made the wrong assumption that GDP would rise every year, meaning they increased government spending year on year, when they should have used the growth to clear their debts..

[TheSelfishAltruist]

@itachi705 This is why private systems have spiralling costs, because the incentive is not there to keep you healthy, and away from the hospital for as long as possible.

The US pays 16% of its entire economy on health, and this is rising faster than any other nation.

UK costs 8% of GDP (which is less than half, as our GDP per capita is smaller than the USA) - 100% coverage, better health outcome, and the thing that pleases us most is no bills. Public systems are always supported heavily.