You expect me to swallow that?

[elfs]

Not shrill. Annoyed. This isn't about the election.

The Washington Post has an article in today's edition entitled "Got flu? Blame the free market." The article talks about flu shortages and so forth and so on.

Then it says, "There are three reasons why the market has failed: product liability laws, government regulation of vaccine production facilities, and finally the slim profit margins in an unreliable market."

Say what? Okay, there are viable arguments for product liability laws and government regulation of vaccine production, but for Thoth's sake, if you going to cite those, don't call it a free market, because it ain't. It's a regulated market. It has drags on it that aren't dictated by the needs of the buyers and sellers. And 36,000 Americans will die this year because that not-free market "failed" us this time around.

Comments

[nbarnes.livejournal.com]

Remember, the number of major media people who are familiar with the phrase, 'collective action problem' can be counted on the fingers of one hand. Mostly they are pronounced Paul Krugman.