Seemingly Endless Failure

A few of the seemingly endless failures of centralized, regulated health systems are illustrated in this News-Press piece. In a free market, needs - and the accompanying price signals - become opportunities for entrepreneurs to fund development and people to provide the needed services. In a centralized, regulated system, needs are problems; the price signals and profit motives are not there, so shortages, rationing and poor quality service result. Only socialized medicine can turn the wonderful lengthening of human life span into a massive problem and squash the prospects for future longevity research at the same time. As one libertarian writer pointed out, "If telomerase inhibitors were a new kind of computer chip, they would have been on every Wal-Mart pharmacy shelf and selling for ten dollars a bottle by now."

Link: http://www.news-press.com/apps/pbcs.dll/article?AID=/20060101/NEWS0106/601010396/1075

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