If the solutions presented all seem to be more regulatory capture and information/market asymmetry for the big companies with gov connections, I’d rather not.
The thing that has exploded in size since the 1960s no one talks about is the size of nation states across the western world and their direct involvement in countless markets. From education to big banks to defence contractors to Boeing, they are some of the worst examples of mixed state-capitalism and a great way to become wealthy while providing little value to the population.
Not to mention the explosion of private equity in gov projects leeching off tax payers. We need less mixing of the big players with gov force and have either public companies (ie public health insurance) or markets. The direction the US is going in by continually mixing the two has done little to help the “little guy”. Yet the markets and rich get all the blame, but there’s no way universities can charge 4-20x more for the same product without cheap gov backed debt, nor the housing market boom that generated tons of poverty.
The thing that has exploded in size since the 1960s no one talks about is the size of nation states across the western world and their direct involvement in countless markets. From education to big banks to defence contractors to Boeing, they are some of the worst examples of mixed state-capitalism and a great way to become wealthy while providing little value to the population.
Not to mention the explosion of private equity in gov projects leeching off tax payers. We need less mixing of the big players with gov force and have either public companies (ie public health insurance) or markets. The direction the US is going in by continually mixing the two has done little to help the “little guy”. Yet the markets and rich get all the blame, but there’s no way universities can charge 4-20x more for the same product without cheap gov backed debt, nor the housing market boom that generated tons of poverty.