Is a commercial for an artificial heart immoral? Privatization is a blessing and a curse. Most economists would argue for a complete free market economy because supply and demand is the best, most efficient way to organize an economy. The novel Invisible Heart is a great example of this viewpoint; it points out the danger of even a small amount of government intervention in an economy, like in the United States. On the other hand, there is another school of thought, exemplified in RoboCop, is that privatization breeds corruption.
Privatization and corporations don’t lead to corruption anymore than government control does. Society has a stereotypical image of CEO’s of companies being selfish, money-hungry, malevolent monsters when in reality the majority of CEO’s and executives are not this way because it doesn’t promote good, successful business. Much of this stereotype stems from the fact that people don’t really understand the benefits and harms of globalization and outsourcing. Not only, does outsourcing drive down prices for the company but also the consumer which gives each individual more buying power. Also, the popular argument that we are exploiting poor countries and their citizens is not completely thought through. These people wouldn’t work in the company if they had a better option, no one is forcing them into the workplace; it’s unfortunate that the best option for some is a job that pays a dollar a day, but that’s reality. Just look at America when we were first beginning; we had child labor and poor working conditions. Developing and underdeveloped countries have to start somewhere.
A free market promotes entrepreneurship and innovation. Many of the medical inventions we enjoy today wouldn’t be here without competition. Although in RoboCop they satirize the invention and marketing of the artificial heart, people are stagnant and mediocre materials result without an incentive. Although it’s hard for some people to think of medicine as a business, it is. Doctors are not in it completely for the money or they wouldn’t make it, but as the cliché goes, “money makes the world go round.” So, doctors, like anyone else, are out to make a profit. There would be no reason to improve treatments, pharmaceuticals, and procedures if it didn’t in any way benefit the doctor. Canada’s medical system is so far behind ours in America because they are not forced to compete.
I’m not saying that people should be let loose to behave however they want; there needs to be rules to keep honest people honest. At the same time, under any system people can be corrupt. So, it’s best to promote innovation so the economy can grow.