Are we having a market failure, or a failure to have a market? | Hacker News

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		b6 on Jan 3, 2018 \| parent \| context \| favorite \| on: Why the U.S. Spends So Much More Than Other Nation... Are we having a market failure, or a failure to have a market?

rectang on Jan 3, 2018 [–]

I'm content with either framing. Both can be fixed through deliberate construction of a market using regulation.

But in the US, we don't acknowledge that we are already regulating, and we are wholly ideologically committed to the notion that "regulation" is bad.

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