Tuesday, September 01, 2009

A Counter Argument to the Contention That Free Markets Are Just Another Form of Rationing

Writing over at Pajamas Media, Denver physician Paul Hsieh corrects the notion, frequently argued by the proponents of the Democrat health care "reform" proposal, that the free market is just another form of rationing. It is not.

"Supporters of the free market should not allow opponents to characterize the marketplace as a form of rationing, let alone an unjust one. Instead, supporters should defend the free market as morally just because it respects individual rights.

To do so, one must properly define “rationing.” As the writer Ayn Rand noted:

“Rationing” has a specific meaning of its own. It means: to distribute in a certain particular manner — by the decision of an absolute authority, with the recipients having no choice whatever about what they receive; it also means that all the recipients involved have an equal claim to that which is being rationed, and are entitled to an equal share." "

Another point worth calling out:

"Health care does not magically grow on trees. Instead, it is a service that must be created by hard work and rational thought. The producers thus have the moral right to sell it to willing consumers on any mutually acceptable terms. There is no “just” distribution of medical services apart from the voluntary exchanges between producers and consumers in a free market."

Read the whole thing.
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