If I read The Magic Money Machine and the Great Prescription Drug Funding Fallacy correctly then prescription drug benefits or socialized medicine would eventually stop production of any new drugs. In an attempt to be funny the author said that only medicines for pets would still be developed. Following up on that I commented that it's good that medicines that work on pets would probably work on me, or that a black market would develop for medicines.
I think the latter would happen in such a case. We can look at the power of the mob in communist Russia as one example, or even the illicit drug market here. Both examples show that people want and will trade even under a 100% controlled economy.
Thus capitalism can not be avoided, and that produces the phrase I coined: Capitalism is dead. Long live capitalism!
Update: A quick check on google shows that I wasn't the first to coin this. :-(
