In school we are taught about the "free market" system, perfectly named, perfect because it sounds so good: a "Free" market! What's better than free? Isn't that what America's all about? We're supposed to be allowed to do whatever we want to advance our dreams! Don't let the government impose restrictions on poor merchants! They didn't teach us anything negative about it; they just gave the definition of "letting anyone do whatever they want to make money". How could you be against that?? It wasn't until I was in middle school that I learned about socialism and how some things definitely SHOULDN'T be run with free-market principles. I'm just going to give two very simple examples: prisons and medicine.
The United States is one of only two sovereignties in the world (the other being the United Kingdom) that has private prisons. The first completely private prison was established in 1984, which is a hilarious Orwellian coincidence. I'll let this graph of the prison population speak for itself:
Need I say more? This is pure insanity. When motivated by profit, people will do anything. Prisons do more harm than good. Is it really rehabilitation to put someone in a room for twenty hours a day? It hides the problem rather than fixes it. We could be trying to help people, but instead we leave them locked up, to die, or meet other criminals so that they can conspire to cause more harm when they get out.
The other is medicine. That's what set off this post. I saw a headline today: "$10 drug now $1500 after FDA grants monopoly". It's a hormone used to prevent pre-term labor. It's the only known drug that'll do so.
One should NOT be allowed to monopolize necessities! Period! People will pay this, or they will be in pain, or dead. The reason the prices can go up and up, forever, is because people want to stay alive! If you don't pay, you'll die! Same with lawyers: if you don't pay, you're going to jail! So the lawyers can keep raising their price, until they can't find anyone who can pay it. Then they stop. Because they don't need that many clients, if each one is paying $500/hour. It's fucking ridiculous.