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standerman | 7 years ago

The people that own insurance companies would become less wealthy. The industries (the 6 companies that own the majority of the media industry https://www.morriscreative.com/6-corporations-control-90-of-... ) that rely on the revenue from all the insurance ads would suffer. There's a decent amount of jobs created by all the inefficiency. Overall it's a boost to the US economy, but at the cost of immense suffering from those who are most vulnerable.

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eloff|7 years ago

No, inefficiency does not boost the economy. That spending would get allocated more efficiently otherwise which should actually be an overall boost to the economy.

maxxxxx|7 years ago

By that logic you could just impose more busy work on the economy and it would get a boost. Let's say we mandate that every employee needs to have someone that follows them every day and boom, we have doubled up the number of jobs.

The money for these inefficiencies has to come from somewhere and that area will suffer.