What other tools are there for ensuring a fair market? Government intervention seems like the only avenue
What other tools are there for ensuring a fair market? Government intervention seems like the only avenue
I’m not sure if you’re replying to right comment
https://ourworldindata.org/us-life-expectancy-low
The life expectancy in the US is also dragged down by other factors. The US is a huge outlier in several other aspects:
It could just be that the US has way more vices per capita than other countries.
I don’t know about much diversity is celebrated in Australia. I have cousins who grew up in NSW and eventually migrated to the UK, which they said had a marketed improvement in how they were treated. (N=2)
If the free market had any real competitors, the problem would genuinely solve itself in favor of the consumer. We see this with any new tech where a bunch of new firms try to win customers by any means necessary in those first few years.
The problem as always is: where are the competitors after X years, and are these “competitors” actually competing anymore?
The solution as always is: regulate. Ensure competition. Ensure cartels aren’t price fixing. But no one wants to hear that
Thanks for your insight!