• SouffleHuman@lemmy.ml
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    13 days ago

    This really is why socialist planning is indispensable. Capitalist economies can build unfathomable wealth (for a few people), but is unable to translate that into genuine well being for the people. China spends far less on healthcare than the US, whether you count per capita, % of GDP, or total spending. And yet China has a longer life expectancy and lower infant mortality rate. The vaunted efficiency of free markets has completely failed to materialize in this sector.