View Full Version : Welfare state v Economic rationalisum


Asguard
01-17-08, 08:53 PM
as part of our health policy topic we study both the welfare state and economic rationalisum

So which actually brings greater benifits for the whole of sociaty in public policy (i know this walks the line between ethics, economics and politics)

For instance in Australian health care policy we have tended to follow the UK's wealfare moddle rather than the US user pay system

In fact in most of our public policy we follow a system that says everyone pays and everyone can use rather than paying a higher cost for use.

Even in the US somethings fall under the welfare state for instance most roads are not tollways which means there upkeep comes from tax rather than the person specifically using that road

draqon
01-17-08, 09:20 PM
both are prevalent

kmguru
01-17-08, 10:33 PM
On one hand, safety nets are necessary. The other side is really bad. Unchecked Capitalism causes serious damage to the society. Here is one example.

In the healthcare field, it is about 20% of US GDP heading upward earch year.

Now, one would expect supply and demand should take care of the whole business. But greed causes a system where drug companies do not develop drugs that cure at one time what ails you. Except Antibiotics, a large number of drugs, you have to take throughout your life. Heart medication, Diabetes, Cholesterol, Asthma and so on.

And when Economic struture demands that everyone must work, but the economic policy is set up so that it is more advantageous to send the jobs overseas - it creates an economic structure that is detrimental to the society.

There are no easy answers. In the globalization structure, new rules and best practices are needed and text books must reflect that.