Tuesday, November 21, 2006

FREE MARKETS SAVE LIVES

The Economist points out the general effects of trading with kidneys. Governmental regulation and huge restrictions on trading with kidneys has had a damaging impact on lives of thousands. Governmental restrictions imposed through vast and extensive legislation cause needless deaths. Trading with kidneys is banned in most of the countries so reasonably supply depends on donors and charity-givers. On the other side, the abolishment of trading with kidneys has produced long waiting lines. If just 0.06% of healthy Americans aged between 19 and 65 parted with one kidney, the country would have no waiting list. The only way to step towards the encouragement of this is to legislate trading with kidneys itself. Perhaps many people will take this idea as repugnant but the organ market in body parts already exists and companies make millions out of it. To an economist, it would be a bizzare approach to exclude individuals from one of their basic liberties - a freedom to enter a voluntary exchange when both parties benefit. Taking it literally, the legalisation of kidney and organ market for both, companies and especially individuals would be a big step ahead of instincts. Potential buyers would get better kidneys faster. The market would bring a bulk of improvements. However it seems strange that even the so-called "human rights servants" completely ignore this issue and deny one of the very basic freedoms - a freedom to enter into particulary exchanges. Instincts, in this particulary case, lead to more waiting lines, more harm and more deaths. It would be a disgraceful approach to let organs be traded by the bureaucrats. It sounds illogical to let individual decisions and trade choices into the hands of the government. However what governmental intervention has done is the increased level of black market penetration. Wouldn't be better if such sort of trade were legalized. Buyers and sellers would do the best of their ability. This is the only logical answer to the question of organ market. In this very case, free market initiative saves lives of individuals away from political abuses and bureaucratic decisions. This is the only way to avoid waiting lists, harms and deaths. When groups of individuals usually set themselves into long waiting lists, they logically complain about long procedures and numerous regulations. Well, the only one to be blamed is not the market, it's the government!

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