And can you blame them? That's where the money is.
And even if you are into charity, it's usually more efficient for you as an individual to make more money and then donate to whatever GiweWell lists at the top of their list of most bang-for-your-back charities. Instead of working in a soup kitchen, or a Canadian bank.
oh I am absolutely not blaming anyone! The free market is an efficient machine in this case. It simply means that there is room for innovation in those industries like healthcare and banking. We have already started to see this innovation with companies like One Medical and Square.
In general, I found it helpful to not look at 'free markets' as a binary Yes/No thing, but as a continuum with lots of different aspects. Free markets are best, but markets that are only slightly freer are (typically) already slightly better. Incremental improvements help.
For example, mobile phone connectivity is still very regulated, but in many countries competition seems to be much fiercer there than for home broadband.
About the last: the (partial) privatisation of British Rail was a mess. Far from a textbook case. But still ridership numbers that had been in seeming terminal decline picked up in absolute terms, and rail's relative share of the overall transportation market increases total.
The impact of deregulation of (American) airlines has been tremendous. Flying is now cheaper than ever. But to address my point: flying is still very strictly regulated, just less so than before (especially in the areas of pricing and competition).
Despite common complaints on the Internet, the US is actually still really, really good at running railroads. It's just that their area of competence is freight rail. Passenger rail in the US is anemic.
Guess which part is in government hands, and which one is comparatively free market and less regulated? However, neither area is completely free market or completely state controlled.
Another example: a few years ago Germany legalized long distance busses. The old ban was a hangover from the Nazi era.
https://www.dw.com/en/regulations-eased-on-long-distance-bus... is an overview article from just before the legalization of busses came into effect. I leave it as an exercise for the reader to find some sources from afterwards. Google Translate might be helpful, if you don't read German.
And, of course, legalization and deregulation here just mean different (and a bit less) regulation. There's still plenty of rules. We are talking about Germany, after all.
I like OneMedical (I'm a customer) but I don't know how much "innovation" it's done in healthcare. That's not to say it's their fault, healthcare is a startup graveyard, but you can't really go to OneMedical for anything beyond the most trivial, and you can book some stuff / send messages using an app.
Kaiser arguably did more innovation than OneMedical, as far as I can tell.
Isn't it funny, though, how many people say they can't help working soulless jobs because the capitalist machine controls their lives, but they also say they refuse to feel the least bit invested in their jobs because because they don't let their lives be controlled by the capitalist machine?
Working purely for money and being emotionally detached from your work is one of the bad consequence of capitalism -- in fact it's the most hellish consequence of capitalism that most people working software development jobs are likely to personally experience. I don't understand why people working at adtech companies talk about being emotionally checked out all day as a healthy way to adapt to the system.
I grew up in East Germany. Socialist workers' paradise!
I can tell you that jobs sucked compared to comparatively capitalist West Germany.
(Basically, capitalism might or might not be bad; but incremental improvements to it have a much better track record that trying to switch to a completely different system.)
I agree! I work for a company that makes a product that I think is a positive force in the world rather than a destructive one. I work for less money than I could at Google or Facebook or Amazon and allow myself to get emotionally invested in the work, and I think having the opportunity to make that choice has made my life much better. I know this is a luxury that not everybody gets under capitalism, but I'm always confused that so many people who could have it willingly pass it up to make more money doing a job that they can only justify by pretending they don't have a choice.
And even if you are into charity, it's usually more efficient for you as an individual to make more money and then donate to whatever GiweWell lists at the top of their list of most bang-for-your-back charities. Instead of working in a soup kitchen, or a Canadian bank.