The Opportunity Costs of Capitalism

The White House has released a booklet called “The Opportunity Costs of Socialism,” and it purports to show that wait times under socialist health care systems are far higher than they are in the good ol’ capitalist USA. However, as Sarah Kliff hilariously points out, the folks who put this together used data for senior citizens, all of whom are part of Medicare in the United States. And as we all know, Medicare is a socialist health care system:

This looks like a great case for Medicare for All! And while we’re on the subject, here are a couple of charts to show the opportunity costs of capitalism as well. First, our health care system kills an awful lot of people:

And we spend a helluva lot of money to kill them:

Since I am neither Donald Trump nor a Republican, I will add that there are lots of other measures of health care effectiveness, and the United States does very well on some of them. The truth is that all the health care systems in advanced countries have both good and bad points, and it’s actually pretty difficult to judge them on an overall basis. If you do, the US is usually in the top third or so, but not at the very top.

But there’s one thing we can say for sure: we really do spend a ton of money to maintain a health care system that’s (a) good but not great, (b) fantastically complicated, error-prone, and likely to overcharge, and (c) covers only about 90 percent of the country. I’m a capitalist, not a socialist, but like it or not, capitalism has its opportunity costs too.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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