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Author: ayduda Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 734565  
Subject: Re: Is Inflation Licked? Date: 4/1/2002 7:51 PM
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intercst asserts:
And if we don't socialize it, only a handful of people wil be able to afford any of these expensive new procedures. What's the difference to the average person?

That's not the way technology, free enterprise and capitalism work. If the middle class can't afford things, then no one makes any money. These new technologies save lots of medical expenses by shortening hospital stays and decreasing complications.

If that makes the individuals who invent and develop these technologies very rich, I think that is great. Unlike what Karl Marx said, capitalism is not a zero-sum game. I am actually richer because I have access to medical technologies that would not exist had not the individuals responsible for them become rich themselves.

ayduda
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