Yes, your comment is witty, but I think it's critically flawed. Firstly, medicine and education should be public services, in the sense that their management should have the imperative of increasing living conditions for the populace rather than generating capital. It can also be added that arguably, the purpose of banking is to increase living standards, instead of being a business for those that control it.
Secondly, you're implying that the correlation between regulation and 'success' in those sectors implies causation between the two. Do you really think that the problem with health care in the US is that it's not regulated ENOUGH? Similarly, correct me if I'm wrong, but are you implying that education should be privatised? And lastly, do you think that the success of internet technology is a result of the fact that it has been less regulated than other industries (I'm not saying that it SHOULD be regulated, I'm just questioning whether or not that is a crucial factor)?
If that was intended only as a joke I understand, however I think it's important to think seriously about these things if we are to every try to fix them.
Using your logic, shouldn't access to knowledge and information (the internet) be a public service too? Shouldn't management have the imperative of increasing living conditions for the populace rather than generating capital apply to internet as well?
The logic behind the reasoning for healthcare, education, banking, telcom being heavily regulated is extremely flawed. The real reason those sectors are heavily regulated is so they can lock in profits with little effort.
The internet is more than access to knowledge and information, and I agree that the sectors responsible for knowledge and information should have the imperative of increasing living conditions, and not generating capital. This is why Wikipedia should not be a business; this is why universities should not be businesses and this why they should receive tax dollars. Note however, that whether or not they should be regulated is a totally different matter. I was questioning the notion that the problem with banking, medicine, and education in the US is excessive regulation.
On the other hand, companies like Amazon and Facebook have little to do with broadening access to knowledge and information (barring the latter in a trivial sense of the word), and are oriented towards generating capital, so I don't think the rhetorical questions that you open with are applicable here.
I'd like to hear you elaborate on why the reasoning for regulation is flawed in the cases of healthcare, education, banking, telecom.
Secondly, you're implying that the correlation between regulation and 'success' in those sectors implies causation between the two. Do you really think that the problem with health care in the US is that it's not regulated ENOUGH? Similarly, correct me if I'm wrong, but are you implying that education should be privatised? And lastly, do you think that the success of internet technology is a result of the fact that it has been less regulated than other industries (I'm not saying that it SHOULD be regulated, I'm just questioning whether or not that is a crucial factor)?
If that was intended only as a joke I understand, however I think it's important to think seriously about these things if we are to every try to fix them.
EDIT: typo