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The Bob Cesca Podcast: Trump's Mortal Demise

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Belafon2/01/2023 8:53:06 am PST

re: #356 Wendell Zurkowitz ((slave to the waffle light))

The Free Market is a great mechanism for balancing supply and demand but it works poorly with managing resources. That was something I learned after the 1973 oil crisis.

Yep. It works great when both ends are part of they system. It fails in managing resources because you can’t go to mother nature and demand more oil, and OPEC isn’t capitalist. Similarly, it fails in Healthcare because you can’t negotiate “I’ll only take the non-life threatening form of cancer.”