Competition leaves people with choices. But under the New Socialism, people will really discover what it means to be unfree when they only have this choice: work for the state and spend your falling wages on government-supplied goods — or starve. And to whom does the unhappy citizen turn when there is only one healthcare provider, one landlord, and one education system? The state monopolies under socialism offer a kind of subjugation and submission far greater than that in competitive markets. The faceless corporate decision makers that trouble professor Robin are far less sinister than government bureaucrats who can block all exit options. Imagine how poorly the Post Office would function without competition from Federal Express and UPS.
Richard Epstein, “The Intellectual Poverty of the New Socialists” [PDF], 2018.
October 16, 2022
QotD: State monopolies
Filed under: Bureaucracy, Economics, Government, Quotations — Tags: Competition, Monopolies, SocializedMedicine — Nicholas @ 01:00
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