Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Category: Economics

Why It’s Hard to Calculate the Cost of Single Payer in the United States

Lately there has been some back and forth in the states over the expected cost of single payer healthcare. There is a lot of disagreement over how much single payer will cost because single payer grants the state a monopoly over the healthcare system. This means that the state can dictate how much it is going to pay its doctors, its administrators, its nurses, its drug and equipment manufacturers, and so on. Because the state can dictate the cost of single payer, the true cost of the proposal depends on how much the particular people implementing the proposal intend to spend.

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Comparing Keynesian Neocorporatism and Market Socialism

There is a lot of fuzziness and misunderstanding about what the left is trying to do, economically. A while back, I discussed some of the things which distinguish postwar liberals–who remain committed to reforming capitalism–from democratic socialists, who seek to one day abolish capitalism outright. Today I want to get into a bit more detail and discuss more precisely how these economic models work. The case I want to make to you is that despite what you may hear, the postwar liberals and democratic socialists have more overlap in their proposals than either side realises.

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Why Italy is in Trouble

Italy finally has a coalition government–consisting largely of Lega Nord and the Five Star Movement, two Euroskeptic populist parties. The new coalition was elected to take Italy in a new direction, but this will prove difficult to do. Italy is a great example of what’s gone wrong in Europe. Let me tell you its story…

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Why Immigration Controls Can’t Bring Your Job Back

All over the western world, anti-establishment movements are pushing for immigration controls. They argue that immigrants from developing countries are willing to work for too little and there are too many of them. Because there are so many and they are so cheap, these immigrants take jobs which might otherwise go to native-born westerners. The workers who support immigration controls are right to point out that they have not been receiving a fair shake in the last few decades, but this is not due to immigration–it’s due to capital mobility.

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How Trump’s Tariff Game Might Play Out

President Trump has already proposed $50 billion in tariffs on China and now wants to seek an additional $100 billion. I’ve noticed that people don’t seem to have much of a sense of scale with tariffs. It’s understandable–tariffs haven’t been a central issue in American politics for a while. We’ve forgotten how to talk about tariff policy and now we’re being made to re-learn. So, without further ado, let’s talk tariffs.

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