CURRENT MOON
Showing posts with label Capitalism. Show all posts
Showing posts with label Capitalism. Show all posts

Saturday, January 09, 2010

May They Receive Exactly What They Deserve; May They Meet Their Namesake Every Minute, Forever


The free market at work, ladies and gentlemen.

Cerberus Capital, one of Wall Street’s most notoriously ruthless leveraged-buyout firms (or “private equity firms” in PC-speak), recently made a $1.8 billion killing on their human plasma investment, a company called Talecris, which they bought for a mere $82.5 million just four years earlier. Meaning Cerberus made 23 times their investment on human plasma. They did it by the most savage, heartless means possible: by paying peanuts to their impoverished human plasma donors, who increasingly come from Mexican border towns to blood-pumping stations set up on the American side, jacking up the price of plasma by restricting supply (a lawsuit filed by the Federal Trade Commission accused Cerberus Plasma Holdings of “operat[ing] as an oligopoly”), and then selling the refined products to the most desperately ill, patients suffering from hemophilia, severe burns, multiple sclerosis, and autoimmune deficiencies. The products cost so much—one, IVIG (intravenous immunoglobulin) cost twice the price of gold as of last summer -- that American health insurance companies have been dropping or denying their policy holders in increasing numbers, endangering untold numbers.

More here.

I just can't think of anything to say.

Picture found here.

Wednesday, December 16, 2009

My New Name For A Blog

OK, this is a bit more "civil." What she said:

I believe that if the Senate health care bill passes as Joe Lieberman has demanded it–with no Medicare buy-in or public option–it will be a significant step further on our road to neo-feudalism. As such, I find it far too dangerous to our democracy to pass–even if it gives millions (perhaps unaffordable) subsidies for health care.

20% of your labor belongs to Aetna

Consider, first of all, this fact. The bill, if it became law, would legally require a portion of Americans to pay more than 20% of the fruits of their labor to a private corporation in exchange for 70% of their health care costs.

. . . Senate Democrats are requiring middle class families to give the proceeds of over a month of their work to a private corporation–one allowed to make 15% or maybe even 25% profit on the proceeds of their labor.

It’s one thing to require a citizen to pay taxes–to pay into the commons. It’s another thing to require taxpayers to pay a private corporation, and to have up to 25% of that go to paying for luxuries like private jets and gyms for the company CEOs.

It’s the same kind of deal peasants made under feudalism: some proportion of their labor in exchange for protection (in this case, from bankruptcy from health problems, though the bill doesn’t actually require the private corporations to deliver that much protection).In this case, the federal government becomes an appendage to do collections for the corporations.

Mind you, not only will citizens be required to pay private corporations. But middle class citizens may be required to pay more to these private corporations than they pay in federal and state taxes. . . . And if they have a significant medical event, they’ll pay 22%–far, far more than they’ll pay into the commons. So it’s bad enough that this bill would require citizens to pay a tithe to a corporation. It’s far worse when you consider that some citizens would pay more in their corporate tithe than they would to the commons.

And, finally, while the Senate bill does not accord these corporate CEOs a droit de seigneur–the right to a woman’s virginity the night of her marriage–if Ben Nelson (and Bart Stupak) get their way, it would make a distinction in this entire compact for how the property of a woman’s womb shall be treated.

Single payer for the benefit of corporations

And for those who promise we’ll go back and fix this later, once we achieve universal health care, understand what will have happened in the meantime. The idea, of course, is to establish some means to get people single payer coverage (before Lieberman, this would have been through a public option or Medicare buy-in) and, over time, expand it.

In fact, this bill will move toward single payer, too–though not the kind we want. For the large number of people who live in a place where there is limited competition, this bill will require them to get health care through the oligopoly or monopoly provider. It’ll work great for the provider: they will be able to dictate rates. But the Senate bill allows these blossoming single payer providers to keep up to 25% of the benefit in profits and marketing costs, and pass little of that benefit onto citizens. If we make private corporations our single payer, how are we going to convince them to cede control when we ask them to let the government be the single payer?

The reason this matters, though, is the power it gives the health care corporations. We can’t ditch Halliburton or Blackwater because they have become the sole primary contractor providing precisely the services they do. And so, like it or not, we’re dependent on them. And if we were to try to exercise oversight over them, we’d ultimately face the reality that we have no leverage over them, so we’d have to accept whatever they chose to provide. This bill gives the health care industry the leverage we’ve already given Halliburton and Blackwater.

The feudal health care filibuster-proof majority

It’s the 9.8% tithe that bothers me the most. But for those who think we can fix it, consider this, too. If the Senate bill passes, in its current form, it will mean that the health care industry was able to dictate–through their Senators Joe Lieberman and Ben Nelson–what they wanted the US Congress to do. They will have succeeded in dictating the precise terms of legislation.

Now, that’s not the first time that has happened. It certainly happened on telecom immunity. It certainly has happened, repeatedly, on Defense contracting (see also Randy Cunningham). But none of these egregious instances of corporations dictating legislation included a tithe–the requirement that citizens pay corporations to provide their service, rather than allowing the government to contract the service.

This is a fundamentally different relationship we’re talking about–one that gives corporations vast new powers. And the fact that–with one temper tantrum from Joe Lieberman–the corporations were able to dictate the terms of this new relationship deeply troubles me.

When this passes, it will become clear that Congress is no longer the sovereign of this nation. Rather, the corporations dictating the laws will be.

I understand the temptation to offer 30 million people health care. What I don’t understand is the nonchalance with which we’re about to fundamentally shift the relationships of governance in doing so.

We’ve seen our Constitution and means of government under attack in the last 8 years. This does so in a different–but every bit as significant way. We don’t mandate tithing corporations in this country–at least not yet. And it troubles me that so many Democrats are rushing to do so, without considering the logical consequences.


I agree with Dr. Dean. Kill this bill. Perhaps our "above it all" President will decide that it matters to him to get decent health care passed. Or, he can be a one-term-wonder. Gee, that was such a super cool YouTube, wasn't it? Turns out, no, he can't (be bothered).

Tuesday, November 24, 2009

Really, Some People Are Just Assholes.


In the Glorious War on Xmas, I am on Athenae's side. And it takes an entire boatload of stupid not to understand that Scrooge at the end of the story was happy, while Scrooge at the beginning of the story was mean, unhappy, petty, miserable. Kind of like today's "conservatives" and "libertarians." There's a message hidden a sixteenth of an inch deep there, boys. See if you can find it.

Picture found here.

Thursday, November 05, 2009

Saturday, October 17, 2009

My New Name For A Blog


What Ruth Said.

The horribly skewed politics of right wing oppression is all the more disgraceful because it is wielded under a banner proclaiming family values. Valuing the family has been the most neglected practice of the administration we just tossed onto history’s dung heap, where it belongs.

The country needs to forge ahead to rebuild our economy, even though the wingnuts continue to bray about tax cuts for the wealthy, their continuing answer to the stagnation caused by…tax cuts to the wealthy. What has been ‘trickled down’ on the kids is a nightmare, made out of what was given to our generation in the form of the acclaimed North American dream.
The nuts and bolts of the real economy are always under the threat of ideology that thinks hardships are fine for the working class as long as the wealthiest get all the benefits. The remnant of supply-side delusion is undead and still struggling to climb back out of the grave it dug for this country and its treasures. The ranting you hear from teabagging ideologues is the death rattle that will go on until we can end it with real solutions.



Picture found here.

Sunday, April 19, 2009

My New Name For A Blog


What Phila Said. This bullshit would be laughable, if it weren't taken so seriously.


Picture found here.

Friday, November 28, 2008

Shopping Within Your Watershed


NTodd and I discuss the importance of Buy Nothing Day.


Photo by the author. A lake in Vermont near NTodd's and Ericka's cabin.

Wednesday, November 12, 2008

Stuff


Susie asks some important questions. Several of them would make good journaling exercises, good explorations of the element of Earth. How much of the "stuff" weighing you down was bought with debt? It's as if each new "thing" from eBay or Amazon came with a stone attached to it that you had to agree to carry around with you, weighing you down, turning you into someone else's gimp, a fool who would give up freedom for the "thing" they sold you. How many of the "things" that you own are worth that?