justinb138 0 #26 September 28, 2009 QuoteQuoteThat's not to say that I think capitalism is perfect, it is not. But, it has been a major engine of innovation all over the planet, and has greatly increased alot of people's standard of living, including those who didn't take the risk that such standard of living increases typically entail (i.e., the "workers"). Really? Wow, I consider #92 not so good. http://skeptically.org/economics/id21.html QuoteI think the changes we need to see in capitalism in America have more to do with corporate governance rather than federal governance. Agreed, but since corporations run the country, politicians are affraid to buck them. QuoteFederal governance does _NOT_ create wealth, nor does it _IMPROVE_ overall quality of life, and it most certainly does _NOT_ generate the innovation that capitalism has allowed to happen. Well_it_does_balance_the_scales_a_little_bit. So the quality of life win't be better after HC reform? Going to the doctor is overrated. Capitalism has "allowed" teh innovation of all kinds of scams. American Capitalism is a giant ponzi scheme. So, more of your "facts and data" ? Quote Share this post Link to post Share on other sites
dks13827 3 #27 September 29, 2009 Profit is not an evil word ( at least it didnt use to be). it lets a business entity grow, incentivise the employees, offer more services to customers. Quote Share this post Link to post Share on other sites
funjumper101 15 #28 September 29, 2009 QuoteProfit is not an evil word ( at least it didnt use to be). it lets a business entity grow, incentivise the employees, offer more services to customers. Every other first world country, other than the USA, does not allow FOR PROFIT organizations to market private health insurance. The organizations must be set up as non-profit entities. A non-profit organization exists to perform the service that it was created to do. A for-profit organization exisit to make money for the investors/shareholders. A credit union is an example of a non-profit organization that provides the same services as for-profit organization. Credit Unions usually provide lower rates on loans and credit cards, and higher rates on checking/savings deposits. Commercial banks have been unhappy about credit unions for quite some time. When your goal is to make lots of money, it is hard to compete against someone whose goal is to break even. A for-profit health insurance company will make money only when they collect more in premiums and investment income than they pay out in claims and administrative expenses. Denying claims is the best way to minimize expenses. Any profit extracted from the system comes right out of the pockets/health of the "insured". The ethics are quite clear. In the rest of the civilized world, it is considered immoral to profit from the health issues of your fellow citizens. Here in the USA, the prevailing ethics of some people is that profit is king and all other concerns are trivial, at best. Greed and selfishness rules. Quote Share this post Link to post Share on other sites
jcd11235 0 #29 September 29, 2009 QuoteProfit is not an evil word ( at least it didnt use to be). it lets a business entity grow, incentivise the employees, offer more services to customers. I'm still waiting for someone to address this post. Perhaps you would be so kind as to do so.Math tutoring available. Only $6! per hour! First lesson: Factorials! Quote Share this post Link to post Share on other sites
