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April 22, 2011

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it's becoming more and more obvious that State-Sponsored capitalism and democracy do not mix

The problem is with the government pushing capitalism as the solution to every problem. It's obvious that some problems are better solved by government directly, or by government contracting for services.

Why should any capitalist make money out of universal health care, a system of transfer payments to care providers from everyone using private, a/k/a "insurance," or public "taxpayer" money. It's money in, money out; there is no "risk." The money in is the "capital." What does "capitalism" per se bring to the table?

There's no money at risk with universal health care using either the so-called "private" or public model. Neither business nor government can lose money on universal care. Why should the public pay a capital risk premium for a public service that has no risk?

Why should the public pay a capital risk premium for a public service that has no risk?

Good point. That isn't capitalism, it's corporate welfare.

I just read Matt Taibbi's [u]Griftopia[/u] which basically outlines the ridiculousness of our current political system. We live in a welfare state-- not social welfare, but corporate welfare, so the best word to describe the current U.S. economic/political system is "Corporatist."

How about BP's $10B tax credit for their oil spill? Happy Earth Day.

<><>...so the best word to describe the current U.S. economic/political system is "Corporatist."

Yeah, last night I was pondering the fact that Congress does not give a damn about the people who are really hurting these days. The only thing that matters to Congress is corporate profits (...and getting reelected).

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