linked to these words by Paul Craig Roberts
, the Assistant Secretary of the Treasury to Ronald Reagan (!!). I can only do likewise...
My doctor has more people employed doing paperwork than he does delivering health care.
Legislation that cuts payments to private physicians and increases the payments to large corporate entities is intended to destroy private practice and to create in its place corporate bureaucracies in which doctors are wage slaves. The physician’s income is diverted to shareholders, CEO bonuses, and Wall Street. Health care is being replaced with health business.
It turns one’s stomach to watch libertarians and “free market economists” defend bureaucratized impersonal health care as “free market medicine.” There is no free market present. Corporate lobbies and campaign contributions use government power to create bureaucratized monopolies that destroy medicine for the practitioner and the patient. Wall Street pushes for greater shareholder earnings, which are achieved by denying care.
In other words, tax money is being diverted to the pockets of private businesses. This is par for the course in “capitalist” America.
In today’s America, Karl Marx’s criticisms of capitalism are understated. Wherever one looks, the scene is one of the government using taxpayers’ money to enrich private interests. Taxes are collected from people who can barely make it, and the revenues are transferred to multi-millionaires and billionaires. The federal government piles debt on the backs of heavily-burdened and dispossessed Americans in order that investment banksters can pay annual bonuses that exceed the lifetime earnings of most Americans.
Okay, the Marx reference was hyperbolic. Marx wrote about ten year-olds being forced to work in coal mines. We haven't reverted to that
Wall Street is romanticized by libertarians and “free market economists.” They believe, entirely on the basis of their ideology, that Wall Street finances venture capitalists who bring economic progress and higher living standards. Wall Street does no such thing, especially since financial deregulation turned Wall Street into a speculative hedge fund.
, from the man called the "father of Reaganomics."
Here's today's idea on How To Fix Everything: Replace Larry Summers with Paul Craig Roberts, replace Timmy Geithner with Ha-Joon Chang (presuming the Constitution allows us to "outsource" that job to a foreigner) and replace Bernanke with Paul Krugman. If Ha-Joon Chang is impossible, consider DK over at The Confluence.