The Amazing Things & Ideas - The Price of “Free”
The default condition of humanity is poverty, not wealth. What many people now consider as “basic human needs” were, at best, luxuries as recently as 200 years ago. Decent housing, vaccines that protect against disease, medicines that cure sickness, books for a good education—generations of humans died without having ever conceived of the possibility of these things. Take the Black Death, for example. This devastating pandemic, which swept through Europe in the 14th century, killed millions of people at a time when the concepts of vaccines and effective medicines were nonexistent. People of that era could hardly imagine the possibility of medical interventions that could prevent or cure diseases, much less consider them basic needs. As much as anyone might wish otherwise, one cannot escape economic scarcity. There are always trade-offs. To call something a “need” suggests it is infinitely valuable. However, there always comes a point at which the further expenditure of time and resources spent consuming any good or service exceeds the value of the improvement or benefit it provides. Where that point occurs depends on the subjective valuation of the person choosing to or refraining from buying the good or service at a specific price. Consider Bob at the supermarket, facing the meat aisle with a tight budget. He loves beef for its taste and nutritional value, making it a regular part of his shopping list. However, due to inflation, the price of beef has surged significantly, prompting him to reconsider his options. Because of the additional cost, Bob reevaluates the trade-off: Is the pleasure and nutrition from beef worth the higher price, or could those resources be better spent? Spotting the soy products, a cheaper and versatile protein alternative, Bob decides that the rising cost of beef no longer justifies its value over soy. This choice reflects a personal valuation of goods based on scarcity and the necessity of trade-offs. Individuals or groups often use the word “needs” as a rhetorical tactic to portray their subjective desires as objective necessities. Anyone with an understanding of basic economics knows that this is merely sophistry. People choose the means by which to attain their “needs” (and to what extent) based on value judgments and the costs of alternative desires (opportunity cost). Take healthcare, for example. There’s no doubt that medicine contributes to physical survival. So, should it be free for everyone who “needs” it? Some argue that it should. But nothing, even in our modern world of comparative luxury, is truly “free”. When someone says something should be free, they mean it should be paid for by someone else (if only in practice, if not in intent). In 2022, the National Health Expenditure (NHE) in the United States reached approximately $4.5 trillion, or about $13,493 per person, and accounted for 17.3% of the Gross Domestic Product (GDP). These figures underscore the economic realities behind the healthcare debate. When discussing “free” healthcare, it’s essential to recognize that these costs are absorbed by taxpayers, whether through increased taxes, government borrowing, or reallocating funds from other public services. Since we don’t live in the Garden of Eden, medicine, like anything else that is scarce, has a cost—a price that has to be paid even if the government labels it “free”. If we think of healthcare as a “need”, we will entertain consuming it at any price, however large, for any improvement in health, however small. Of course, even the government has to deal with economic reality, so they can’t shift all of the economy’s resources to healthcare. Notice how vague the term “need” here really is. If we accept the concept of needs (based on the moral premise that “needs must be met”), we also implicitly accept the morality of having decisions concerning those needs made for us by someone else—in our age, that typically means the state. Whenever someone talks about giving someone something they need without earning profits, it is almost always a way of changing things for others without their consent.
Follow me on X: @arjunkhemani Click here to support my work. |
Older messages
#27 – Farbood Nivi: Follistatin Gene Therapy, E/Acc, and Following Your Heart
Saturday, March 23, 2024
Watch now (70 mins) | Farbood Nivi is the founder of Grockit (acquired by Kaplan in 2013). He has been biohacking for 25 years. Recently, he became one of the first 200 people in the world to receive
It’s Impossible to Justify Predictions from Evidence. Here’s Why.
Thursday, March 21, 2024
Imagine a chicken on a farm who sees the farmer bring it food every morning. Every day, the chicken watches the farmer come with food, making it think that the farmer always brings food. But one day,
#26 – Jeremy Shearmur: Epistemology, Austrian economics, and The Life of Karl Popper
Monday, February 19, 2024
Listen now (84 mins) | Jeremy Shearmur is a fellow emeritus in philosophy at the Australian National University. He is the author of Hayek and After and The Political Thought of Karl Popper. He also
The Not So Good Old Days
Sunday, February 4, 2024
“[T]he sage gave him the history of man in a single line; it was this: he was born, he suffered, and he died. […] Life was insignificant and death without consequence.” — W. Somerset Maugham, Of Human
#25 – David Deutsch: Free-Will, Taking Children Seriously, and Anarcho-Capitalism
Monday, January 1, 2024
Watch now (41 mins) | David Deutsch is the author of The Fabric of Reality and The Beginning of Infinity. He works on fundamental issues in physics, particularly the quantum theory of computation and
You Might Also Like
• 30-Day Book Promo Package • Insta • FB Groups • Email Newsletter • Pins
Saturday, March 1, 2025
Newsletter & social media ads for books. Enable Images to See This "ContentMo is at the top of my promotions list because I always see a spike in sales when I run one of their promotions. The
New Course Live: Experimentation-Led GTM
Friday, February 28, 2025
A Go-to-Market Framework That Never Fails ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The Phone Game I Shouldn't Promote Because You'll Get Addicted
Friday, February 28, 2025
Help my spread my love of sharing by... uh, also sharing.
Chapter 3: Dynamic Societies
Friday, February 28, 2025
The third chapter from the documentary I'm creating is now live. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🎤 The SWIPES Email (Friday, February 28th, 2025)
Friday, February 28, 2025
The SWIPES Email Friday, February 28th, 2025 An educational (and fun) email by Copywriting Course. Enjoy! Swipe: This is a handy little graphic that shows the different ways you can use the Grok
How a Medium Writer Evolved Into Bigger Business
Friday, February 28, 2025
$7 for her first article triggered this realization. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Instagram Book Promotion for Authors and Publishers
Friday, February 28, 2025
Your book on Instagram! Instagram promo image Instagram ~ a great place to advertise books
🤯 This is what calling your shot looks like…
Thursday, February 27, 2025
This year, we're playing to win. Read our annual company update right here, right now. Learn about our biggest moves yet... Playing to Win Contrarians, First, thank you. Trust is a rare currency in
3-2-1: On the secret to self-control, how to live longer, and what holds people back
Thursday, February 27, 2025
“The most wisdom per word of any newsletter on the web.” 3-2-1: On the secret to self-control, how to live longer, and what holds people back read on JAMESCLEAR.COM | FEBRUARY 27, 2025 Happy 3-2-1
10 Predictions for the 2020s: Midterm report card
Thursday, February 27, 2025
In December of 2019, which feels like quite a lifetime ago, I posted ten predictions about themes I thought would be important in the 2020s. In the immediate weeks after I wrote this post, it started