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krugman’s pwning and ours

with one comment

A quick update to this post from last week. Just to rehash. Paul Krugman wrote that it was “tremendously good news” that a lobbying group representing the US health insurance industry had sketched “out a plan to control health costs.” I wondered in my post, basically, “WTF planet is Krugman on?” And today he writes:

That didn’t take long. Less than two weeks have passed since much of the medical-industrial complex made a big show of working with President Obama on health care reform — and the double-crossing is already well under way. Indeed, it’s now clear that even as they met with the president, pretending to be cooperative, insurers were gearing up to play the same destructive role they did the last time health reform was on the agenda.

No shit! You really do wonder about these Nobel Laureate economists sometimes, don’t you? How many pages into PK’s textbooks do you have to read before it becomes clear that there is very little incentive for for-profit corporations to stop rapaciously chasing profit and instead self-morph into a humane quasi-socialized health care system that, you know, puts the patient first, shareholders way in the back?

Betcha we’re about to get pwnd, one way or another, in the short run or the long run, as far as the socialization of medical care in the USA is concerned. The reason why is readily available for all to see in columns like these.

(Special to my wife: write your NHS birthin’ column, dammit!)

Written by adswithoutproducts

May 22, 2009 at 12:08 pm

Posted in economics, socialism

One Response

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  1. Yes.

    Q: How many bourgeois economists does it take to understand the workings of capitalism?

    A: None.


    May 23, 2009 at 5:03 pm

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