Chapter 56 of 150 · The Freeman 1992 by Foundation for Economic Education
The Best for Priscilla; R. Peterson
Our pediatrician advised us to have ultrasound testing to see if Priscilla's legs were joining prop erly with the hip sockets. He sent us to a hospital especially for children-the Alfred I. duPont Insti tute in Wilmington, Delaware. I didn't know it at the time, but I was in for a lesson in economics that I'll never forget. The hospital is on the former estate of American inventor, businessman, and philanthropist Alfred duPont, whose money founded the Institute. A remarkable man from a remarkable family, he inherited a substantial fortune and built it into an even larger sum. Like most duPonts, he worked his way up from the bottom, learning the family busi ness in the powder mills along the Brandywine River. In his later years, he decided to move south and spent his time rebuilding Florida's economy after the boom and bust real estate deals of the 1920s. His holdings eventually included forests, banks, railroads, and real estate. His rule: invest only for long-term growth. In fact, duPont didn't expect to reap rewards from his investments dur ing his lifetime.
When he died in 1935, he left an estate of some $70 million. Nearly half-$30 million-was con sumed in state and Federal inheritance taxes. Mr. Peterson is headmaster of The Pilgrim Academy in Egg Harbor City, New Jersey. After leaving a few million to his wife and chil dren, the remainder endowed the Nemours Foundation, which was charged with opening a hospital devoted to children. For nearly 60 years, the foundation has been benefiting children, operating with funds earned from profitable investments in America's free enterprise system. The hospital, which has never turned a child away, represents the best in free enterprise and philanthropy. DuPont's grounds and mansion are beautiful, but it was the hospital that astonished me. It is a cross between Disney World and a high-tech research center. The receptionist told us that it was especially designed to be non-threatening to chil dren. The interior of each wing is decorated in a different color-bright red, green, yellow,or blue.
We carried little Priscilla past playroom after playroom and finally reached the ultrasound room. With its soft lighting and colorful aquarium, the room was far from institutional. On the wall were posters of Pinocchio, Snow White, Bambi -cartoon creations from the studio of American artist-entrepreneur Walt Disney. Suspended from the ceiling were more cartoon characters, original ly marketed to make a profit for their creators, but who have since delighted-and sometimes com forted-a generation of Americans. Here, also, were doctors and nurses who really cared. Little Priscilla was too young to be impressed by all this, but it sure eased my mind! The ultrasound imaging took only a few min utes. As we waited for the results and the special ist's opinion, I picked up some literature and began reading more about this wonderful hospital.
At duPont a pre-operative visithelps young sur gical patients feel at home and overcome their fears about the procedures they will undergo. They meet "Mr. Teddy Bear," another patient (whose intravenous tube is connected to a bottle of "Hospital 7-Up"), receive a "real" surgical mask, and may take a ride in the red wagon that will transport them to the operating room. As a result, patients are happier, calmer, and easier to help -and so are the parents, who take these things harder than the children do. On surgery day, the family remains together in a cheerfully decorated room. The patient may play, read, or watch TV until-with a favorite toy or blanket in hand-he is taken to surgery. After surgery, the child is immediately reunited with his parents. More important, the adults are often relieved to find that every anesthesiologist is also certified in pediatrics. Searchingfor Tomorrow'sCures The Nemours Foundation is funding a number of research projects that will benefit the next generation of children. The Institute already is a leader in Lyme disease detection and treatment.
Institute scientists also are searching for the causes of muscular dystrophy. So far, researchers have discovered that the chemical compound hemin, when injected into laboratory animals, dramatically increases muscle strength and significantly reduces the invasion of connective tissue cells seen in the disease. Human tests will follow. The Institute also is adapting computer technol ogy to assist disabled children. Portable robotic arms are being developed that can be placed at a work station or on the side of a wheelchair. These arms then willbe programmed to perform specific functions. Computer devices also are being developed to aid children with speech and hearing impair ments. Projects include a telephone system for the deaf that uses video sign language and a speech synthesizer that reflects the age and per sonality of the user. 181 The Institute's ultimate goal is to "prolong and improve the livesof children everywhere." But the Institute can't do that without the benefits of a free society.A free society generates the wealth needed to fund continued treatment and research, and provides the climate needed for innovation, dis covery,and experimentation.
Today, Alfred duPont's Nemours Foundation continues to invest in profit-seeking enterprises, with the proceeds supporting the hospital's pro grams. Interest, profits, capital accumulation things so disparaged by Marx and his followers are what make the duPont Institute possible. Destroy the profit motive and you throw the baby out with the bath water. Destroy the businesses in which the Nemours Foundation invests and you destroy the Institute. The more business is regulat ed, the fewer dividends are available to maintain and expand the hospital. After about a half hour, two doctors came in and gave us their analysis of the ultrasound: Priscilla was okay. There would be no need for a cast, a brace, or any treatment whatsoever. Her hip sock ets were fine. As we were leaving, I asked a hospital adminis trator if there were any hospitals like this outside the Western world. "None," she said.
"Have you ever had visitors from Eastern Europe or the Soviet Union?" I asked. "Yes, as a matter of fact we had some visitors from Russia just a few weeks ago. When they saw what we had here, they wept." These visitors knew that they could never have such a hospital until their country is free. No amount of central planning, Western subsidies, socialized medicine, or national health insurance could create a duPont Institute. Only the contin uing vitality of a free society, where people can innovate, create, invest, and serve others as they choose, makes such an institution possible. There are many arguments for the free society, but none so compelling as the health and welfare of our children.The best for our little Priscilla the best for children everywhere-is the fruit of freedom. D 182 Canadian Medicare: Doomed from the Start by Terence Corcoran C anada's health care system is lumbering toward disintegration. Born 30 years ago in Saskatchewan, medicare's massive bureaucratic and political structure will fall apart unless action is taken. There seems little disagree ment on this point, mainly because the evidence is everywhere. .
The Freeman 1992
Read the whole book online · Book details
Free to read online and to download from this archive.