@Jazzhead Can you come up with a single example where a government-run monopoly provided better service at lower cost than did a free market? Just one.
Some would argue the Post Office. Private carriers could well provide superior service for folks in the cities, but there's no way that any private carrier could deliver a letter to folks in remote rural areas for less than fifty cents. The government postal monopoly is arguably the best way to guarantee affordable mail service to folks in ALL areas.
The Post Office is so afraid of private competition that they make it illegal. Companies can be fined or have their employees sent to prison for providing profitable mail service. And who are you to dictate that private carriers can't provide service in rural areas for less than fifty cents? If they couldn't do it, then the Post Office wouldn't have to outlaw it, would they?
Consider a company that delivers mail to a central location in a rural area and sends out emails notifying people that mail is available for pickup. The mail is then loaded into a machine like Redbox, and people can collect it for 40 cents per ounce.
So the answer to the question is "No, the Post Office monopoly does not provide better service at lower cost than the private sector."
Some would argue Social Security. It's a huge defined benefit pension program that provides income security to millions, even as the private sector has been fleeing defined benefit pensions in droves. The private sector has proven its unwillingness to continue to provide income security for retirees - making the SS safety net more vital than ever.
If Social Security were a private company, their entire upper management team would be facing 40 years to life in maximum security prison. It is not a pension program. It is a ponzi scheme in the purest sense of the word. There is zero truth in any of your statements above. Investments in the stock market has never been higher. Historically, stocks deliver a return five to eight times higher than the promised 'benefit' [sic] of Social Security. And when you die, your descendants inherit your remaining portfolio while Social Security steals the remainder of yours.
So not just 'no', but "
HELL NO, Social Security does not provide better service at lower cost than does the private sector." If it did, then they wouldn't force you to 'invest' [sic] at the point of a gun.
Some would argue securities regulation. The ubiquity of our investment markets is built on the playing field of trust built by government regulations. Ordinary, unsophisticated investors would flee the markets if the SEC didn't set rules to keep them from being ripped off.
These would be the same regulators that caused the 2008 recession because of their lax regulation of FMHA? How much did that end up costing?
Government programs work best in situations where the community has decided that services must be provided without regard to individual circumstance (rural or urban, rich or poor, naïve or sophisticated or, getting back to the issue at hand, sickness or health without regard to one's individual "virtue" or good fortune.)
But I asked you to come up with a single example where a government-run monopoly provided better service at lower cost than did a free market. And you failed.
So that leaves the question of why you think it will work here when it hasn't worked anywhere else in the history of man?
Why not just be honest for once. You really don't care that it ends up providing worse service at higher cost because your motive lies elsewhere. For you, 'Practical' takes a back seat to 'emotional satisfaction'. Think of how many more Jews the National Socialists could have killed at lower cost had they contracted out to the private sector. But that just didn't deliver the emotional satisfaction they were looking for, just as you are with forcing socialism on everyone else.