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Morally questionable, economically efficient
Planet Money
Comparing the Prohibition of Alcohol to the Prohibition of Kidneys
Prohibition of alcohol led to a criminal economy but couldn't eradicate alcohol entirely, hence it was legalized, resulting in a more socially useful legal market. Conversely, kidneys remain prohibited for sale, leading to a black market due to laws against compensating kidney donors. This underground market is detrimental medically, involving dealings with criminals and posing risks for both donors and recipients. The current kidney market consists of a black market with money and a legal market without compensation. The need for solutions to incentivize kidney donations is crucial, prompting the need to explore alternative approaches to create a more generous system for kidney donors, focusing on understanding the objections to designing an effective market.
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