Politics

Firing Comey and Trump as Solipsism

In his letter firing James Comey, now former Director of the FBI, Trump once again displayed the completely self-centered world that he inhabits. The second paragraph in this thankfully short letter reads:

While I greatly appreciate you informing me, on three separate occasions, that I am not under investigation, I nevertheless concur with the judgment of the Department of Justice that you are not able to effectively lead the Bureau. —>> read more –>>

No Picture
Politics

Obama, Wall St. and Big Money

New evidence of how big money works has turned up last summer in the WikiLeaks dump of Democratic National Committee emails. Included are an exchange between John Podesta, Co-Chair of the Obama Campaign in 2008 and later Obama’s Councilor and John Froman who was working at Citibank at the time of the emails and has held positions at Treasury and elsewhere. —>> read more –>>

Capitalism

Regulations vs Protections – more than just words

The word “regulation” has been used as an epithet and rhetorical sledge hammer by Republicans and the centrist Bill Clinton Democrats as part of a general campaign to discredit anything that the government might do. This is part of the decades long political strategy of the rich and corporations to puff up the delights of “free markets”. —>> read more –>>

Healthcare

Trump Loves Australia’s Universal Government Paid Healthcare, “Better than ours”

Trump loves Australia’s universal healthcare: Speaking to Australian Prime Minster Trumbull, Trump said, “We have a failing healthcare. I shouldn’t say this to our great gentleman and my friend from Australia, because you have better healthcare than we do.” A day later Trump repeated his praise for the Australian healthcare system, “Of —>> read more –>>

Capitalism

Dumping Concrete: a law of capitalism In action – a local example

Every company seeks to get someone else to pay for as many of its costs of doing business as possible. The laws of capitalism require this. If all of Stickles’ competitors are similarly avoiding the costs of disposing of their waste concrete they must do likewise. Otherwise their cost of doing business would be higher. In the short term their profits will be lower. In the longer term they will be forced out of business because they will have to charge higher prices. This is so regardless of the moral values or sense of community of the owners of F.H.Stickles. This how capitalism works. —>> read more –>>

Capitalism

United Airlines, Monopoly/Oligopoly, The Natural Laws of Capitalism

In the US four airlines control over 80% of the seats and in many regional markets the competition veers towards a state of monopoly. There is simply no effective competitive controls on what the airlines can charge and under what conditions.This has lead to persistent high fares and a seemingly endless series of innovations in how many people can be jammed into a plane with as many extra charges tacked on for fewer and fewer amenities. —>> read more –>>

Books

NYTimes Book Review Misses Major Points About US Healthcare

Using a variety of tools and institutional arrangements every other developed country controls prices and healthcare budgets. They do not allow a one-sided market to focus on delivering as many procedures and prescriptions as possible without any systematic focus on health. To put the outrage of American healthcare in its true global setting: US healthcare spending compared to other developed countries and health outcomes relative to other developed countries. As the chart below demonstrates, the US spends more than 25% more than our closest competitor, Switzerland, and twice as much as most including japan, France, Australia and Canada. The health outcomes are woeful. We rank 42 in the world for longevity and 56th for infant mortality. —>> read more –>>