> On the right is the infamous voucher system. It has been widely experimented, often with negative results, in fields such as education. The principle is to provide individuals with money and let them find providers on a lightly regulated market. Vouchers often deliver poor performance. The money distributed contributes to inflating the prices as the price elasticity of supply is negative—if only because nobody’s sure that the vouchers will last (everything depends on the next round of elections). Those with lesser means, having only the voucher to spend, are thus trapped with the worst providers (or no provider at all, despite the voucher), while the richest pay on top of the vouchers to secure access to the best offer, contributing even more to inflating prices.

On the left, we find the giant social bureaucracy we are all fed up with. The quintessential bureaucratic social state is the British National Health Service (NHS). The advantage of a system such as the treasured NHS is that it guarantees everyone access to affordable and professional care providers whatever your location and your income level. The painful problem, which turned the NHS into a thorn in the side of every British government, is that in the current context of tax revolt, hatred of government, and fiscal austerity, the quality of the experience provided by the NHS can only go down, with longer waiting lines, less customized care, and ultimately a vicious circle in which everybody loses, patients as well as professionals.

On one side, it's economically unsound, and will require massive taxation to be sustainable. Otherwise, it will only work until all the Angels run out of money, then it will cause massive inflation. Mathematically, there are no other options.

Second, who's going to administer it? Governments, being made from people, are notorious for corruption and scandal, and poor service.