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Comment by prottog

Health insurance and medical care are all highly regulated industries with exceptionally high cost of entry; one could call it a broken market. It's not competitive at all. I always marvel at how much better the whole experience is when I take my dog to the vet than when I myself go see a doctor, and can't help but wonder if there wasn't so much state intervention (or even just wiser intervention) in medicine, my experience would be different.

Forms of insulin for which the patent has expired are affordable. The stuff under patent is expensive but objectively better at its job. One could argue that the forms in between (patent recently expired but not widely available as generics in the market) are again due to the result of onerous regulations keeping competition out of that market.

Telecommunications, at least the hardwired kind, is a natural monopoly and I wish some smarter incentive-structuring would take place in that market; maybe public ownership of the infrastructure with competitive private service providers operating on top of it. Wireless is generally more competitive and you can actually be online for less money than you think.

I'm not sure what your point was about Google? You certainly don't have to use their services.

parent prottog 4 years ago

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