14,325 karma · joined March 13, 2017
Also American peasants / lower tier white collar workers are usually richer than fairly well off Europeans... You cannot even begin to comprehend how much wealthier the US is in some ways - and remember how totally dysfunctional the US economy is in many limits i.e. if Europe could just be as _bad_ as the US it would grow much faster.
If you can keep energy costs down and get out of the way there will be growth. It's a thing that happens when people do business and make new things.
Theresa May et al instituted net zero basically without a vote, huge liberalisation of various social matters, enormous spending on welfare, locked the country down, and then imported 4 million people!
And why is this so prevalent? It's subject to huge subsidy and regulatory capture
It's a steelman argument to be clear I'm not entirely convinced by it.
Ask an American hospital how much something costs - you will get a completely fake price back, this is a sign of a totally broken market.
I'm not a huge fan of PE but the point of economics to deliver cheap and quality goods to consumers not keep people in a job.
In healthcare in US in particular I think the main thing that capital should be (if regulators allow) boutique / specialists that e.g. are the best in the biz at doing MRI scans, in some states my understanding is that it's literally illegal to start a business aiming to make one small part of the process better.