“This time will be different!” announce the proponents. Watch now, class, as the economic calculation problem works out as predicted in yet another instance.
Without making any judgement on whether the economic calculation is "efficient" or not, it's not really something the majority of voters have to worry about as it's essentially entirely OPM to get the votes to get there.
do we really need to point to how badly private healthcare has been working?
2. What if not everything in life is about the economy?