> Market failures abound: Education and health care are out of reach for many, child care is often prohibitively expensive (even as child care workers are woefully underpaid), and decent, affordable housing is scarce in many regions.
It’s utterly ridiculous to call these things “market failures.” Every single one of those areas is not a market but is heavily regulated in a way that limits supply. Education mostly a government service, even at the tertiary level. Fully 50% of college students attend a public school.
It’s utterly ridiculous to call these things “market failures.” Every single one of those areas is not a market but is heavily regulated in a way that limits supply. Education mostly a government service, even at the tertiary level. Fully 50% of college students attend a public school.