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At the end of 2006, the UK-based journal of world economic affairs, The Economist, produced a banner issue on ‘Happiness and Economics’. Not surprisingly the magazine concluded that human happiness and market economies are closely linked. But in arguing the case the lead article unwittingly revealed the market’s Achilles heel. Orthodox economics has no means of separating the universal needs of human beings from junk commodities for the masses, or gold toilet-seats for the rich.
The market also discriminates against healthful products unless they promise more profits. The British Medical Journal reported in July 2003 that a daily low-cost pill made up of six known drugs resulted in an 80 per cent reduction of heart attacks in everyone over 55 – ‘a greater impact on the prevention of disease in the Western world than any known intervention’. Pharmaceutical corporations had little interest because the drugs involved were inexpensive and out of patent. Governments fail to produce the pills themselves because they would be pilloried by corporate PR campaigns for ‘undermining the free market’ – just as public healthcare is still demonized in the US as ‘socialist’.
As governments decline into ‘the best democracies that money can buy’ there is no public authority left to protect the common interest. Our political leaders assume market growth is essential to society’s development. So public welfare is sacrificed to ‘more global market competitiveness’ – and more life-system depredation. To name the causal links remains taboo.
Republican Ron Paul missed out on the 19th century, but he admires it from afar. He speaks lovingly of the good old days before things like Social Security and Medicaid existed, before the federal government outlawed drugs like heroin.
"Is bailing out people that chose to live on the coastline a proper function of the federal government?" he asks. "Why do people in Arizona have to be robbed in order to support the people on the coast?"
Sweejak wrote:Actually, I think the government response is why the US is screwed more than anything else.
Here is Paul's take:
http://www.lewrockwell.com/paul/paul275.html
http://www.house.gov/paul/tst/tst2005/tst091905.htm
Whats the point of calling yourself a nation if you don't feel the hurt of your fellow citizens and act to help them.
Joe Hillshoist wrote:"Is bailing out people that chose to live on the coastline a proper function of the federal government?" he asks. "Why do people in Arizona have to be robbed in order to support the people on the coast?"
Thats right I remember reading about this.
What a turd.
I guess that defines his position more than anything else. Why should someone be "robbed" to support their fellow citizens?
I guess that comment sums up why the US is screwed more than anything else.
Sweejak wrote:Paul has a point about people living in dangerous places and then requiring community support to bail them out, but it doesn't fly for me in this case. New Orleans is a very major port, at least until the Trans Texas Corridor and associated highways are built, and as such it would make sense to have installed protection decades ago. This is saying nothing about the cultural value of one of Americas few unique cities.
In any case it appears Paul is most strongly criticizing waste. Further, he claims his own constituents would rather see national treasure go to the people rather than FEMA.
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