Linked by Eugenia Loli on Wed 8th Jul 2009 05:23 UTC
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Member since:
2006-01-19
Don't be so sure about that.
The US-American school system needs much more money from people than the Finnish, yet the Finnish pupils get much better education on average.
Also the Austrian health insurance is non-privat, but it costs the people less than in the USA. I am currently non-employed and do not pay any money into the health care system, but if I would need a heart transplantation for € 200000,- I would get it.
When I have an income of € 3000,- I have to pay € 700,- for pension, health and unemployment insurance. Someone who earns less, has to pay less.
For all goods which have lots of consumers and lots of sellers, and where the value of the trading good is easily determined, a market is the right tool to ensure efficiency.
For things that are not as easily valuable, or for which a natural monopoly exists (electricity lines, water pipes, ...) a market leads to higher and higher prices because no working market can possibly exist.