There is a limit to what the market can accomplish. Certain goods and services are of a nature where a free market is just not the best solution and should be in the domain of the government as "public goods". Railways and postal systems are examples. If a postal system were to be driven by market forces, then there would be minimal incentive to deliver letters to vast sections of the land- after all why would a profit making enterprise deliver a letter to Nome, Alaska at the same rate as delivering a letter to NY, NY? Health care is a similar public good. Consumers are just not in a posit...
More..Anand Mahadevan
Member since: May 2008
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