Skip to main content

View Diary: Justin Amash (R) gets Town Hall question: "Why would we want to trust insurance companies...?" (170 comments)

Comment Preferences

  •  Really? (4+ / 0-)

    Capitalism isn't working all that well in the financial services industry, in the agricultural industry, in the services industry, in the retail industry, in the housing industry, in providing public safety or education, in most consumer goods industries... In fact, unless you are a member of the 0.01%, where money is no object, it's tough to think of any sector of the economy where capitalism 'works' for the typical citizen.

    Unless, of course, you think having a choice between eight different brands of toothpaste, all costing over $3.00 per tube somehow embodies and validates capitalism.

    Remember the dot com bubble? How did 'capitalism' work there? The faster you lose money the more people invest?

    Business are not motivated to lower price. Business are motivated to increase profit. This is NOT the same thing.

    Increasing profits can include colluding in restraint of trade, cutting costs, substituting inferior materials, ignoring the health and safety of workers and customers, race to the bottom outsourcing, monopolies, dumping 'external' costs onto the public, lobbying for favorable legislation, theft, arson, and conspiracy. If your "confines of the cost structure" includes those things, then, yes, you might have a point.

    You are right that health care isn't well served by a naked capitalistic model. But few things are these days.

    "The problems of incompetent, corrupt, corporatist government are incompetence, corruption and corporatism, not government." Jerome a Paris

    by Orinoco on Sat Aug 31, 2013 at 02:10:42 PM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site