In a market economy, the marketplace drives the availability of goods and services. If there’s a big demand, the market will create a big supply; if the demand dries up, so does supply, as the market sends its resources elsewhere.
Supply and demand, however, have no place in government controlled sectors of the economy. Although Britons are getting sick in the same numbers they have in past years, because the government is broke, so is the National Health Service, and the supply of medical care is swiftly vanishing:
Thousands of doctors and nurses face being made redundant or not replaced if they leave, while many hospitals have cut treatments, the British Medical Association has found.
Despite ministers’ assurances that the health service would not face the same cuts as other departments, many hospitals are feeling the strain, according to the BMA.
Andrew Lansley, the Health Secretary, has boasted that frontline services would be protected. But it emerged yesterday that in his Cambridge constituency, Addenbrooke’s Hospital is planning to sack 170 nurses and up to 500 staff in total over the next year.
Read the rest here.
Unless ObamaCare can be stopped — and that’s a big “unless” — reading the preceding paragraph means that you’re looking at America’s future, one in which goods and services are made available to the public, not on the basis of the public’s need, but on the basis of the government’s efficiency and solvency. If you’re not worried, you are very optimistic person or a fool.
Maggie Thatcher got it: “Socialist governments traditionally do make a financial mess. They always run out of other people’s money.”