Think about the areas where you have lots of choices -- at the supermarket, at Best Buy, on your cable system, on the Internet. These areas are highly competitive . New choices and improved products come at rapid rates. Quality improves. Real cost generally decreases over time.
Now think about the areas where government is heavily involved -- K-12 schools, healthcare, retirement, utilities, passenger railroads, first class mail, ethical drugs. Choices are more limited. There is little competition. Improvements and innovation are slow. Real prices increase over time.
When you opt for more government involvement, you opt for fewer choices, less innovation and higher costs. If you don't like the menu at the government-regulated restaurant, do you really want to have to mount a petition drive to change it? Isn't it a lot better to be able to choose another restaurant that fits more closely with your tastes?
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