First, you take a business away from legitimate enterprises, claiming only the state can run it without it sinking into a wretched hive of scum and villany. Then, you ban competition. Then, you decide that you’re better off selling the monopoly rights to the highest bidder.
It’s what Illinois is doing with their state lottery.
I was going to talk about the history of corporations as monopolies, and the issues with government run business, but Larry Ribstein said almost everything I wanted to say in “Selling State Lotteries.”
Maybe the state could do the same with health care?
Image credit: Emergent Chaos.