Hayek – progenitor of neoliberalism – goes even further and endorses universal, government run health insurance in the Bible of the free market movement. After arguing that the state should provide a minimum of social welfare for its citizens, Hayek states:
Nor is there any reason why the state should not help to organize a comprehensive system of social insurance in providing for those common hazards of life against which few can make adequate provision. Where, as in the case of sickness and accident, neither the desire to avoid such calamities nor the efforts to overcome their consequences are as a rule weakened by the provision of the assistance – where, in short, we deal with genuinely insurable risks – the case for the state’s helping to organize a comprehensive system of social insurance is very strong. There are many points of detail where those wishing to supersede it by something different will disagree on the details of such schemes; and it is possible under the name of social insurance to introduce measures which tend to make competition more or less ineffective. But there is no incompatibility in principle between the state providing greater security in this way and the preservation of individual freedom. (emphasis added)
It seems as if the first intellectual of the free market movement is more of a health insurance radical than Obama! I wonder if anyone’s told the Anne Coulter?
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posted by koeselitz at 8:44 AM on May 14, 2011 [1 favorite]