Capitalism // Current

Congressman Dennis Kucinich on His Vote

After voting against H.R. 3962 - Affordable Health Care for America Act, Congressman Dennis Kucinich (D-OH) today made the following statement:

“We have been led to believe that we must make our health care choices only within the current structure of a predatory, for-profit insurance system which makes money not providing health care. We cannot fault the insurance companies for being what they are. But we can fault legislation in which the government incentivizes the perpetuation, indeed the strengthening, of the for-profit health insurance industry, the very source of the problem. When health insurance companies deny care or raise premiums, co-pays and deductibles they are simply trying to make a profit. That is our system.

“Clearly, the insurance companies are the problem, not the solution. They are driving up the cost of health care. Because their massive bureaucracy avoids paying bills so effectively, they force hospitals and doctors to hire their own bureaucracy to fight the insurance companies to avoid getting stuck with an unfair share of the bills. The result is that since 1970, the number of physicians has increased by less than 200% while the number of administrators has increased by 3000%. It is no wonder that 31 cents of every health care dollar goes to administrative costs, not toward providing care. Even those with insurance are at risk. The single biggest cause of bankruptcies in the U.S. is health insurance policies that do not cover you when you get sick.

“But instead of working toward the elimination of for-profit insurance, H.R. 3962 would put the government in the role of accelerating the privatization of health care. In H.R. 3962, the government is requiring at least 21 million Americans to buy private health insurance from the very industry that causes costs to be so high, which will result in at least $70 billion in new annual revenue, much of which is coming from taxpayers. This inevitably will lead to even more costs, more subsidies, and higher profits for insurance companies — a bailout under a blue cross.

http://kucinich.house.gov/News/DocumentSingle.aspx?DocumentID=153995After voting against H.R. 3962 - Affordable Health Care for America Act, Congressman... more

remanns
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13 hours ago
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WOLVERINE,.......goooaaallllll !

Take That Clown! http://i.imgur.com/U05rU.jpg

remanns
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1 day ago
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Actually, Free-Markets DON'T WORK, Survey says

http://news.bbc.co.uk/2/hi/in_depth/8347409.stm Twenty years after the fall of the... more

asherp
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2 days ago
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Free market flawed, says survey

Twenty years after the fall of the Berlin Wall, a new BBC poll has found widespread... more

pcs007
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2 days ago
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Einstein: A Socialist?

A clear, concise and comprehensive case for socialism, written by Albert Einstein in 1949. He discusses our nature as both solitary and social beings, simultaneously conditioned by biological and cultural constitutions, and what this means for the individual's role in society. He then asks "how the structure of society and the cultural attitude of man should be changed in order to make human life as satisfying as possible." The final passages prove particularly poignant in presaging the greatest atrocities committed by Soviet tyranny. The challenge: How is it possible, in view of the far-reaching centralization of political and economic power, to prevent bureaucracy from becoming all-powerful and overweening? How can the rights of the individual be protected and therewith a democratic counterweight to the power of bureaucracy be assured?

Part of the answer may reside in bypassing the power of large bureaucracies through a decentralized system of democratic planning directed by workers' and consumers' councils. Moreover, with today's information communication technology, the capacity for mass collaboration and self-government/self-management has never been more viable and effective. Your thoughts?

An Excerpt:

"The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive asset, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to his economic existence. Moreover, his position in society is such that the egotistical drives of his make-up are constantly being accentuated, while his social drives, which are by nature weaker, progressively deteriorate. All human beings, whatever their position in society, are suffering from this process of deterioration. Unknowingly prisoners of their own egotism, they feel insecure, lonely, and deprived of the naive, simple, and unsophisticated enjoyment of life. Man can find meaning in life, short and perilous as it is, only through devoting himself to society.

The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labor—not by force, but on the whole in faithful compliance with legally established rules. In this respect, it is important to realize that the means of production—that is to say, the entire productive capacity that is needed for producing consumer goods as well as additional capital goods—may legally be, and for the most part are, the private property of individuals...

(The) crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future career.

I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals. In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. A planned economy, which adjusts production to the needs of the community, would distribute the work to be done among all those able to work and would guarantee a livelihood to every man, woman, and child. The education of the individual, in addition to promoting his own innate abilities, would attempt to develop in him a sense of responsibility for his fellow men in place of the glorification of power and success in our present society."A clear, concise and comprehensive case for socialism, written by Albert Einstein in... more

JMPxx85
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5 months ago
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Why Keep Geithner?

http://www.msnbc.msn.com/id/33586124/ns/msnbc_tv-morning_meeting/ns/msnbc_tv-morning_meeting

Ratigan: There are people who also understand the intricacies of finance and policy, but whose allegiances to the taxpayer are clearer.

A year ago it was revealed to the American people that our banking system was a legalized Ponzi scheme in which bank and insurance CEOs paid themselves billions of dollars in personal compensation to lend and insure assets with money they didn't have to customers who couldn't pay back the loans.

In those dark days between the fall of Lehman Brothers and before the presidential election, we were often carried through that time by the small glimmer of hope in that at least we would soon have a new leader who would hopefully fix this mess and punish those responsible.

Yet in the past 9 months, not only has the administration not fixed anything, they have made things much worse for anyone who isn't a Wall Street banker. Therefore, we are past the point where anyone in power still gets the benefit of the doubt and the process of taking back our country for all citizens must begin now.

This is why I think we must ask if U.S. Treasury Secretary Timothy Geithner is still the right person for the job. It has become clear recently that back in his previous role as New York Federal Reserve Governor, he unnecessarily gave billions of dollars of U.S. tax money to banks and insurance companies with few strings attached. And it is now becoming clear that his lack of meaningful action is helping many of these same banks steal more by legalizing their most economically dangerous, socially destructive and self-enriching practices.

To stop the theft from continuing, it requires that the most basic rules of capitalism be applied to our banks and that our future national wealth be safeguarded by the U.S. Government. The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job of either. The time for corrective action is now.

more at link

Wow, actual main-stream news calling out the Goldman Sachs establishment. No wonder Dylan got kicked off of CNBC's Fast Money, and lets not forget Jeff Macke as well.http://www.msnbc.msn.com/id/33586124/ns/msnbc_tv-morning_meeting/ns/msnbc_tv-morning_me... more