Required “options” in health insurance (ie teeth whitening): Elizabeth McCaughey, “Health Insurance for All” The Wall Street Journal, April 28 1994, Page A14.
Required “options” in health insurance (ie teeth whitening): Elizabeth McCaughey, “Health Insurance for All” The Wall Street Journal, April 28 1994, Page A14.
{ 11 comments }
Whilst the FDA beurocracy must be reduced, I’m unsure how much benefit could be gathered from people not winning lawsuits for reactions to untested drugs. Even if informed that the drug is untested, people are too desperate and not informed enough to care when sick.
I’ve always agreed that lobbying (bribing in the UK) is the source of the US’s problems.
the problem with punishing corporations is knowing who to punish.
I didn’t even know they COULD drop sick people -why do people buy it?
yo i feel you on this one bruh….good shit man….we need to come together at times like this…im tryna start my own religion/congressional house, where we can get an atheist/ communist in to office…not that successful so far tho…i digress keep the videos coming
When the government, the corporations, the investors and the government officials are all so intertwined that you can hardly tell them appart.
And, when the people become the laborers, the consumers, the employees, the taxpayers, etc.
And when everyone forgets that goernment is to serve the people and corporations exist only because the people (not just the investors) benefit from their existence.
That’s called fascism! But I’ll accept corporatism as nearly synonymous.
Amen! We agree that what I just described is corporatism and it is what I am always telling people. There is nothing inherently troublesome about capitalism. Most people use the two words as if they are the same.
But corporatism is how capital is brought together for the really big projects here in the U.S. and I think my description of how that works is fairly accurate. Especially when a big government contract is involved.
No, That is Corporatism. There is a difference. I might as well say that Reverse Robin Hooding is socialism. But we all know that is not true.
This is what is going to happen with the government offeres the so-called public option. Insiders are going to have the opportunity to bid for contracts. They will not risk any of their own money. They will use theri positions of influence to get the contract and the loan. Others will then be hired to do all the work. The investors will earn profits, the taxpayers will take losses. The employees will be disposed of when no longer needed. That is capitalism.
In reality, the laborers usually get screwed. The investors use the profits to pay back the money that never was and then give themselves the rest even though they never actually invested anything.
It’s a case of privileged clever people vs. poor stupid people and clever wins.
The investors then do very little of the work. They purchase the labor of others at a rate that is less than its true value. That is how corporations profit. The difference between what the labot is worth and what the corporation pays represents the investment of the employees.
In theory, employees benefit from this arrangement because the corporation provides them with safe work conditions, reasonable pay and hours, job security, and benefits like health care and retirement.
In the U.S.?
Usually, people called investors borrow money they don’t have into existance out of thin air. We The People permit them to do that. They ask We The People, through our so-called servant government, for permission to do business as a corporation, a fictional person, a creature of the state, with a priviledged existence. We The People then form the corporation and authorize them to do business as such provided We The People also benefit. They must comply with regs and taxes.
Yes, but the question is who does the gathering and who gets the benefits of that labor. From there the difference it night and day.
I avoid the word capitalism the same way I avoid the phrase universal health care because different people hear different things when you say either.
Capitalism is the gathering of resources like money, labor, raw materials, tools, technology so that something can be built or produced. Even socialists do this.
I prefer the phrase free market to capitalism because it better expresses what we (libertarians) usually mean.
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