Monty Pelerin's World

Economics, Finance and Politics Through The Prism of Classical Liberalism

Healthcare and Detroit: Murdered by Government

Healthcare and Detroit: Murdered by Government

The recent passage of Obamacare is madness not seen before in this country. Any cursory review of government indicates that it fails at everything it does. It destroys rather than heals.  Just a few examples are the following:

  • Social Security is insolvent.
  • Medicare and Medicaid are insolvent.
  • The Post Office, despite being a monopoly, is incapable of paying for itself.
  • Amtrak is in similar condition.
  • The War on Drugs has served to enrich organized crime while drug use has risen.
  • The War on Poverty has destroyed the black family and created more poverty.

Now we finish the country off with Obamacare. It will bankrupt the government and destroy the economy.

The following article deals with your future healthcare and the death of the city of Detroit. The problems in Detroit are the same type of problems that healthcare in this country will experience. They have the same administrator.

Health Care and Detroit: Killed By Government

by Gary North
by Gary North

To understand what is going to happen to America’s health care delivery system, we must first understand what has happened to Detroit.

Detroit is dying. Yes, I know that there are lots of books on “The Death of. . . .” That word sells books. But Detroit really is dying. It is the first metropolis in the United States to be facing extinction. We have never seen anything like this in American history. It is happening under our noses, but the media refuse to discuss it. To do so would be politically incorrect. Two factors tell us that Detroit is dying. The first is the departure of 900,000 people – over half the city’s population – since 1950. It peaked at 1.8 million in 1950. It is down to about 900,000 today.

In 1994, the median sales price of a house in Detroit was about $41,000. The housing bubble pushed it up to about $98,000 in 2003. In March 2009, the price was $13,600. Today, the price is $7,000. Check the price chart.

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