One of the great ironies of modern life is that capitalism has given people an almost unlimited number of choices and reduced the cost of so many things, yet so many people still want to replace it with more government, which doesn’t do anything cheaply or efficiently.
You’ve probably heard Zohran Mamdani wants to have government-run grocery stores and more government-run housing in NYC. Yet NYC government is already the biggest slumlord in the city, and small, independent grocery stores tend to make less than a 3% profit.
Along similar lines, you’ll hear socialists go on and on about how big oil is supposedly robbing you blind, but big oil typically has a profit margin of 7 to 11%. In comparison, roughly 20% of the cost of gasoline in places like California is taxes paid to the government.
We could go on with these examples, but one of the best is healthcare. Healthcare in America is LUDICROUSLY expensive, and that gets blamed on insurance companies and hospitals, but the biggest reason…
