US Healthcare Costs a Global Outlier and Monument to Crony Capitalism
I think the Big Pharma/Health and Big Finance sectors have similar cartel like structures where a few large companies dominate the field, exercising considering political power and the ability to obtain subsidies and protections from the system while fending off regulation and price restraints.
There are others of course, like the energy field from exploration to distribution, often known as Big Oil, but which now includes natural gas and electric energy production and distribution.
The recurring myths of the efficient market and ‘free trade’ are exacting a heavy toll on the general public and the real economy. They provide ideological cover to a favored elite that is acting in the manner of a privileged and extractive aristocracy while beguiling many with the allure of easy money.
The concentration of ownership in the media has become an inhibiting and directing influence in public discourse that is hard to miss.
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2 comments:
When Supreme Court Justice owns stock in a company and a case comes before them they must recuse themselves. Why isn't this true for congress? These guys vote whichever way it benefits their holdings.
Do kind of notice the main commercials during the MSM evening news are:
1 - Big Pharma
2 - Big Oil
3 - Big Finance/Banks
Wonder if that causes any bias along with their obvious liberal slant.
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