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Tyler Cowen on Big Business

EconTalk

The Healthcare Market Shows That Capitalism Can't Run Healthcare

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The parts of our economy that work the worst would be the housing market, the healthcare market and the education market, college. We have this weird mix where you get a lot of the worst of human irrationality, private sector incentives, government incentives, and we blend them all together. So there are government-run systems which at least in some ways work better than ours. But one also has to be balanced. The pharmaceutical sector has done phenomenal things at relatively low expense.

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