ObamaCare (tm) will fail for the same reason that the broader framework its architects are attempting to impose, socialism, will fail.
We only have to go back to the Nobel Prize Lecture of none other than economist F.A. Hayek to see the reason that central planning is is not “sustainable”, a concept that socialists (er, now “progressives”) love to scold us about.
Hayek showed that a national economy had such an immense myriad of dynamic economic relationships that no single committee or bureaucracy, no matter how smart or how well staffed, could possibly know enough to direct prices or production levels. His Nobel Lecture [1] was entitled The Pretence of Knowledge. Hayek had previously used this idea as the basis for a very thorough article [1] on the subject, “The Use of Knowledge in Society.”
If any program has a pretense of knowledge, it is ObamaCare. It is described by a 2,000+ page law, with over 100 committees and bureaucracies, not to mention how many thousands of pages of implementing regulations that are yet to be written.
Socialism is also morally bankrupt, for it demands we accept the premise that we can each live at the expense of others, despite how this violates the Commandments that forbid coveting and theft.
[1] The Pretense of Knowledge
http://mises.org/daily/3229
[2] “The Use of Knowledge in Society,” American Economic Review, XXXV, No. 4; September, 1945, pp. 519–30.
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