Home » xyzzy » Dungeon » Modern Monetary Theory (or, how I stopped worrying about the natl debt.)
Re: Modern Monetary Theory [message #95463 is a reply to message #95439] Fri, 01 April 2022 21:42 Go to previous messageGo to next message
Rusty is currently offline  Rusty
Messages: 753
Registered: May 2018
Location: Kansas City Missouri
Illuminati (2nd Degree)
I used to work in healthcare. I'm retired and grateful to be out of it now, especially with what the last two years would have exposed me to. What I experienced in my lower echelon capacity of the way management required of people in the workforce is no surprise in reading this article about private equity management in health care. It's a lucrative market for a few people that have the means to obtain facilities for high profit.

They put the squeeze on staff and physicians to extract as much and as long as they can profits with a good return on their investment. When it is realized that profits plateau or decline. They sell it to another group willing to extract the same. This is the way our healthcare system has evolved to, as well as many other business ventures.

This is the neoliberal way with our world and especially in the US of A. It stinks.

https://www.nbcnews.com/health/health-care/doctor-fired-er-warns-effect-profit-firms-us-health-care-rcna19975
Re: Modern Monetary Theory [message #95546 is a reply to message #95463] Thu, 21 April 2022 14:17 Go to previous messageGo to next message
Rusty is currently offline  Rusty
Messages: 753
Registered: May 2018
Location: Kansas City Missouri
Illuminati (2nd Degree)
Why would something like this even be allowed? Is the whole financial speculation juggernaut so despicably without empathy to even consider their actions have implications towards the very lives of people throughout the world? I don't think they do. I think whatever avenue they can manipulate to bring in a positive financial return is simply the way the markets are and nothing else comes into question. There seems to be a vast disconnect to this way of life that I can't reconcile as having any hope for humanities progress.
Makes me think of Holden Caulfield from the book, The Catcher In The Rye. His English teacher evaluates troubled Holden and says, "I think you're riding for-it's a special kind of fall, a horrible kind."

Helping ease food insecurity and starvation requires governments to ban bankers speculating on food prices

http://bilbo.economicoutlook.net/blog/?p=49631
Re: Modern Monetary Theory [message #95630 is a reply to message #95546] Mon, 16 May 2022 10:33 Go to previous message
Rusty is currently offline  Rusty
Messages: 753
Registered: May 2018
Location: Kansas City Missouri
Illuminati (2nd Degree)
I'm going to pickup a copy of this. https://michael-hudson.com/2022/05/the-destiny-of-civilization/
This looks to synthesize his prior books into one.
This whole 21st century seems to have become a complete f-up of our western economy. This guy see's what is causing it.
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