Heavy Lifting - thoughts and web finds by an economist
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Monday, December 21, 2009
I suspect that the health care bill is not as bad (as written) as some are making it out to be and that it is not as good as others are making it out to be. What I worry about more is a) the slide towards fascism where the government dictates more and more how private industry is run and b) the unintended consequences of 5000+ pages of proposed and actual bills. There is clearly way too much going on for anyone to fully grasp what is going to happen.
In the end, what will happen is that there will be gaps in the legislation that allows individuals or groups to profit - to gain at the expense of others. The "waste, fraud, and abuse" claims that we hear about today will only get worse in the future. There is relatively little "waste, fraud, and abuse" in the private sector because the profit motive ensures that management will keep an eye on things. When the private sector engages in "waste, fraud, and abuse" we all hear about it, e.g., Enron, WorldCom, and Bernie Maddoff. However, to believe the claims, there are billions of government-allocated dollars a year being doled out through pork projects, over billing, and outright fraud, yet for the most part those scandals are not reported nor do they draw much interest outside of election years.
I came across this archive of "funny" pictures supposedly taken in Russia. Whether they are a) from Russia and b) not photoshopped is not so important. It is easy to believe that many of the pictures, especially of the architecture, are the result of individuals being creative in the battle against the centrally planned economy and faceless bureaucracy.
I especially like this picture which suggests that there was no one to approve the removal/moving of the lamp-post nor anyone who would approve the relocation of the building or the patios:
More here. One wonders if this is the future of our health care system given the pending legislation.
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