Later today, I’ll have a post up on neoliberalism at the LARB (I’ll share the link when I get it), but in the mean time, you have to love those supposedly irrational regulations the Greeks have, as given by Steven Rattner at the NYT:
Take, as one small example, medications. Greece is one of the few European countries that sets prices for over-the-counter drugs, which can be sold only in licensed pharmacies, the Organization for Economic Cooperation and Development reported. Pharmacies must be owned by licensed pharmacists and they can each own only one. Other rules dictate where new pharmacies may open, as well as their operating hours. As a result, prices for consumers are higher, as are retail margins for the pharmacies.
Crazy–they set prices! They make sure pharmacists don’t own more than one store so, you know, they can actually manage those stores as, what’s the word, pharmacists–that is, dispensing of drugs shouldn’t be done by underpaid staff at far flung locations. Maybe there’s better ways to do things, but I don’t know–I tend to think that’s up to the Greeks to decide since maybe Rattner thinks Greeks overregulate their economy, but perhaps we can agree it’s not up to the Germans to overregulate how Greeks do these things.