There are so many things I don’t understand I would hardly know where to start but one particular issue I don’t understand is those who think we need more socialism. There are only two known ways of allocating resources: markets or politically. When resources are allocated politically the only people who really benefit are those doing the allocating.
I completely understand dissatisfaction with the results when markets allocate resources. That’s why practically all modern economies are hybrids. For example, I think that imposing regulations and inspections on food and pharmaceuticals is completely reasonable. Those inspections and regulations necessarily engender distortions in the market that require further interventions. The art of government is a constant balancing act, requiring insight, deftness, persistence, and attention to detail, all qualities sadly lacking in our present Congress.
IMO what we actually need is not more allocation of resource politically but a greater willingness on the part of the Congress to offset the adverse consequences of their own interventions. But that’s the matter for a different post.