Posts Tagged ‘ health care ’

Coronary Capitalism (by Kenneth Rogoff)

March 7, 2012
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FRANKFURT – A systematic and broad failure of regulation is the elephant in the room when it comes to reforming today’s Western capitalism. Yes, much has been said about the unhealthy political-regulatory-financial dynamic that led to the global economy’s heart attack in 2008 (initiating what Carmen Reinhart and I call “The Second Great Contraction”). But is the problem unique to the financial industry, or does it exemplify a deeper flaw in Western capitalism? Consider the food industry, particularly its sometimes-malign influence on nutrition and health. Obesity rates are soaring around the entire world, though, among large countries, the problem is perhaps…

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Free Market Health Care: True Stories (by Michael Parenti)

March 6, 2012
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I recently wrote an article about my personal experiences in dealing with the medical system while undergoing surgery (“Free Market Medicine: A Personal Account”). In response, a number of readers sent me accounts of their own experiences trying to get well in America.  Health care in this country is hailed by conservative boosters as “the best medical system in the world.” It certainly is the most expensive, most profitable, and most complicated system in the world, leaving millions of Americans in shock. None of the people who wrote to me had anything positive to say about the U.S. health system.…

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