Better Red than Dead?
When medical expenses constituted only a small percentage of income, as was typically the case 50 years ago, an egalitarian approach to health care was a small extravagance. But, as societies spend ever-larger fractions of their income on health, support will become fragile.
Will the inexorable rise in medical costs around the world someday pose a major challenge to contemporary capitalism? I submit that in the not-so-distant future, moral, social, and political support for capitalism will be severely tested as would-be egalitarian health systems face ever-rising costs.