It is indeed far easier to signal one’s virtue than it is to be virtuous. From Charles Hugh Smith at oftwominds.com:
The idea that everything will be solved if we borrow a couple more trillion and give it away is the dominant paradigm.
Here in the decay phase of Imperial Pretensions, The best lack all conviction, while the worst are full of passionate intensity. It’s a line from Yeats’ poem The Second Coming, and it speaks to our current stumbling descent toward the abyss, where the worst invest their energies in virtue-signaling and the best retreat from the hopelessness of actually addressing our real-world problems.
The road to Hell is paved with virtue-signaling: rather than actually solve the knotty problems that are dragging us toward the abyss, we substitute self-righteousness for problem-solving. That is virtue-signaling in a nutshell.
Virtue-signaling goes hand in hand with the only “solution” that’s politically correct: throw a borrowed trillion dollars at the “problem”, dance the humba-humba around the bonfire at midnight and hope that magic will resolve the underlying issues.
Hence the calls for Medicare for All, Universal Basic Income, and free college for all, all paid with borrowed money, despite the virtuous bleatings that “taxes on the rich/robots” will magically pay for trillions of additional dollars to be squandered on corrupt, self-serving cartels.
The well-being of the American populace is broken, with well-being including mental and physical health, financial security and access to all forms of capital, including education, infrastructure and functioning institutions.
Posted in Collapse, Debt, Economy, Education, Foreign Policy, Geopolitics, Government, History, Immigration, Imperialism, Medicine
Tagged Defense Spending, Higher education cartel, Medical Cartel
The big problem with medicine is its cost, and a big part of its costs stem from the fact that medicine has become a government-cosseted cartel and racket, engaging in price fixing and exclusion of competition. From Karl Denninger at theburningplatform.com:
If you want to know why fixing “health care” is so difficult you need only read this article.
From Akron to Youngstown and Canton to Cleveland, as in cities and towns across the country, workers who once walked out of factories at the end of each shift now stream out of hospitals.
While manufacturing employment has fallen nearly 40 percent in northeastern Ohio since 2000, the number of health care jobs in the region has jumped more than 30 percent over the same period. In Akron, the onetime rubber capital of the world, only one of the city’s 10 largest employers still makes tires. Three are hospitals.
If these were doctors and nurses that might be understandable. But they’re not.
They’re nearly all paper-pushers who contribute exactly zero to actual consumer care.
The problem is that all of these people draw salaries and thus drive up the cost of medical care by ridiculous amounts. In fact last month some 20,000 people were added to the “health care” employment rolls and nearly all of them will never provide one second of actual care to an actual person — but every one of them has and will massively drive up your health care costs. In fact if the average “administrator” in that group makes $40,000 in the last month alone a whopping $800 million per year before their health insurance and employment tax cost was added to your medical bills and yet not one single person got one minute of additional actual care out of that expense.
Next month there will be another $800 million added on which you will be forced to pay.
The next, and at least as-large problem is found in the continual bleating of hospitals and similar that “Medicare doesn’t pay what X costs” as their justification to gouge private parties. But this claim is false; if you look at many of the so-called “non-profits” you can find myriad examples of this being a flat-out lie, and nowhere is it easier to find than in the hospitals’ lab sections.
Direct operating costs are usually about 10% of the revenue amounts!
To continue reading: The True Face Of ‘Health Reform’