The U.S. healthcare industry is not “fully private” by any stretch of the imagination. Social security is also a pension, not healthcare. It’s simply a pension created in the 1930s under a drastically separate set of actuarial assumptions than exist today and legislation simply hasn’t gotten around to modifying it.
Nah. Healthcare is a drag on gdp to the extent it’s “bloated” since it would represent inefficient allocation of labor and capital resources. If health ar
Wrong. They are some of the slowest depreciating assets. For example, half of US housing stock is over 70 years old, and even after China’s 4+ decades of highly intensive building - it can’t match the U.S. in airplane passengers carried or nuclear energy and the stories of banks with legacy cobol systems is quite common. Technology developments and capital stock improvements, once made, are largely permanent. And the U.S. has both of those in substantial abundance.
For example, the ability of Microsoft to generate billions of dollars from Windows OS sales is directly causal to what Microsoft did in the 1990s with its original C/C++ programs. Similarly, Citibank’s dominant position in international payments is due to in part, legacy cobol systems going way back to the 1960s. Those advantages will endure, regardless of what anyone does policy wise, and provide an enduring competitive advantage to the American economy (not that the U.S. economy lacks competitive strengths across industries).
No. Since there is a substantial amount of capital deepening and technological deepening in the U.S. - it doesn’t implicate “non-depreciation”
The U.S. can do cooperation and conflict at the same time; just like any other state. Cooperation but not at any cost.
Nope. US corporate finance departments and municipal governments are among the best long term planners anywhere, with capital improvement projects that stretch out decades, see for example (
). They largely have to do so - after all, multiple service provisions such as elementary and secondary education and transportation are guaranteed by state constitutions into perpetuity and thus require long term planning and corporate finance departments that issue bonds with century+ maturities clearly need to match expected future project cash flows with debt obligations (decades into the future).