What seems like a ordinary but scary headline, "Overweight and obese could be 70% of population by 2020," actually contains a lot of interesting economic issues.
Do markets always yield the best results ?? Will people make good, long-term choices ?? How far should regulations go (the government) in mandating behaviors ??
Few people dispute how efficiently Markets allocate resources. Nor how well they reward marketplace winners and losers. But what happens when produce undesirable results like pollution, toxic chemicals, or overweight/obese people. All of which contribute to economic activity and GDP. And then the cleanup also contributes to GDP.
It is interesting to note that two countries who have the highest rates of obesity and overweightness also have no national healthcare system.
- ► 2016 (62)
- ► 2015 (14)
- ► 2013 (47)
- ► 2012 (77)
- ► 2011 (105)
- ▼ September (5)