A Deep Dive into Capitalism vs. Socialism
Host of The Roth Effect, as well as capitalism and small business advocate, recovering investment banker, TV personality, entrepreneur and New York Times bestselling author Carol Roth turns the show over to guest host Paul Shrater. Paul is a serial entrepreneur behind business like Minimus.biz and Minimus fulfillment, among other entities, and interviews Carol on capitalism and free market solutions to political and societal issues.

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  1. OccupantCDN Coolidge

    Great talk!

    I think price transparency would reduce costs quite significantly. Like a restaurant that posts its menu on the door, you should know what your treatment is going to cost before you go to the hospital. Competition would drive these prices down.

    Ron Paul talks about how medicine was practiced before medicare, that doctors would donate time to a free clinic. Like lawyers who take pro-bono cases, they would take on pro-bono patients. I think doctors would find a tax deduction (for their time as well as costs of treatment) more valuable than a medicare payment. This would also benefit patients, as those who need specialized treatments could get the doctors they need.

    I remember a few years ago the ingrate crybaby Jimmy Kimmel, having a stand-up cry over his child’s health. He should be thankful that his doctors took payment and where on call when needed. In Canada for example his child would not have received timely treatment because the services of specialists are tightly rationed. Simple treatments can take weeks to be scheduled, specialists can take months to see.

    I can point to the case of Amanda Scharf, An Alberta woman who died of heart failure at 26. She had a near fatal heart attack at age 21, in the small city of Ft McMurray, after waiting for treatment for nearly an hour, the hospital staff realized the young ladies dire condition and had her flown to Edmonton for treatment. She survived the incident, and was referred to a heart Clinic in Calgary for urgent specialized care – however the last 5 years of her life – she was not given any treatment or even an appointment from the clinic. Also, she was being referred to treatment all over the province – 100s of Kilometers from her home – Travel expenses and time away from work, are not covered by any health plan.

    Amanda Scharf

    I disagree the US population maybe unhealthy, but Canada and the rest of the world is catching up, fast. The United States isnt exceptionally unhealthy in western world.

    • #1
    • August 27, 2019, at 11:39 AM PDT
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