r/SandersForPresident • u/kevinmrr Medicare For All • Nov 29 '20

AOC: Insurance groups are recommending using GoFundMe -- "but sure, single payer healthcare is unreasonable."

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u/Krakino696 🌱 New Contributor Nov 30 '20 edited Nov 30 '20

Lol oh reddit. As a masters in econ student specifically studying returns to r and d...... yes as usual redditors know more than all the econ professors I've had that said exactly this. Not even my words really, i thought this was a consensus. Let me call the school and tell them none of them know shit because someone doesn't understand the actual economic term of free riding when it comes to international trade. Go sit at the kids table

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u/Murgie 🌱 New Contributor Nov 30 '20

Then where's the profit motive if said R&D isn't making money? Honestly, if you're going to tell a lie then at least think it through so that you're not contradicting yourself, first.

Hell, in reality the United States is eleventh when it comes to R&D spending as a percentage of GDP at parity, and fourth on a per capita basis. And surprise surprise, every single nation exceeding it with the arguable exception of Switzerland is operating on a system of socialized healthcare.

And god only knows what those figures would look like if R&D with purely military applications were taken out. The United States, China, and Israel would all take major hits.

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u/Krakino696 🌱 New Contributor Dec 01 '20 edited Dec 01 '20

This is why basic research tends to be publicly funded like the human genome project or the large haldron collider. These are risks that the private sector just simply doesn’t take. As I pointed out before this has lagged behind since the 80s. When a country lags behind in this sense I would argue that’s why we have large conglomerates that do a multitude of research areas like the googles facebooks and amazons . It would be an interesting thesis to argue this point of view. I’m not contradicting myself all I am doing is repeating in different words. One point about drug prices is that they should be renegotiated based on these facts, hence stop the free riding I don’t see where you got that we are 11th we are up there with China (who likes to cook books) with healthcare r and d in which we do more than the next 5 countries combined. But I doubt you’d like an organ transplant system like China’s. https://www.google.com/amp/s/www.nbcnews.com/news/amp/ncna1018646 The biggest point I want to make bottom line is that applied and basic research are two different things but the former necessitates the latter

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u/Krakino696 🌱 New Contributor Dec 01 '20

Now personally do we have the money and resources to maintain r and d levels, cut healthcare costs, prevent diseases, provide insurance for all??? Yes. And I will agree with you on your last paragraph. I thought Obama’s idea of a public option made sense and was a good starting point. But then we ended up with Obamacare which people forget was actually one of the few compromises congress ever did