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"So maybe there's a reason US healthcare sucks so hard, and its not insufficient devotion to capitalism." The list of problems that the previous poster provide
by duncan_bayne 11y ago
"So maybe there's a reason US healthcare sucks so hard, and its not insufficient devotion to capitalism."
The list of problems that the previous poster provided were almost all (especially cronyism and cartels) characteristics of systems other than capitalism.
Is it possible we're using different definitions of capitalism, here? I think you might mean crony-capitalism, a.k.a. fascism.
- kefka 11y agoI think the problem here is that capitalism when played out in a longer term, trends towards crony capitalism, fascism, plutocracy, and/or nepotism.
- dragonwriter 11y agoI mean the real economic system that was dominant in the developed world from the late 19th to early 20th Century, which certain of its socialist critics created the word "capitalism" to refer to, since criticising it without a name was problematic, and it was an economic system by which property arrangements, policy, etc., were organized around the interests of the capitalist class. Cronyism and cartels were certainly not infrequent features of that system. Fascism is something different and newer.
- duncan_bayne 11y ago... which was also the system that produced this: http://crfblog.org/wp-content/uploads/2010/03/2007112238img1.gif http://crfblog.org/wp-content/uploads/2010/03/2007112238img1... Sure, there were problems. Abuses of power, cronyism, etc. But capitalism quite literally rescued the world from poverty, and continues to do so: http://cdn.theatlantic.com/assets/media/img/posts/wordpoverty2-600x387.jpg http://cdn.theatlantic.com/assets/media/img/posts/wordpovert...