A Comment About

Want Change? Let’s Try Truly Free Markets

November 17, 2008 - 12:00 am - by Rand Simberg
pigdog67
2011-03-27 11:10:39

There are sectors of society that create wealth and sectors that do not. I will refer to them as primary and secondary. The secondary industry wages/costs need to be paid from the surpluses generated in the primary industry. Steel making and housing construction create wealth. They are primary industries. Healthcare is a secondary industry. Those RN jobs are temporary. They are not sustainable. Our primary industries are gone. Only wealth that has been accumulated over the last hundred years and borrowed money (1.5 Trillion a year) are available to pay for them. In the next 10-20 years you will see the healthcare sector and those RN jobs totally collapse. Interestingly people who grew up in China understand that healthcare is a ‘burden’. But people in America call in the ‘industry of the today and the future’. It is not a real industry and will bankrupt this country in short order.