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Wednesday, March 10, 2010

Mutually Assured Destruction Capitalism...or "MAD Cap"

http://www.bbc.co.uk/blogs/thereporters/markmardell/2010/03/unvarnished_views_from_philade.html
From Mark Mardell's Blog for the BBC.

Unvarnished views from Philadelphia

Mark Mardell
15:36 UK time, Monday, 8 March 2010

He ( John Sutherland, a small businessman a few miles from Philadelphia) thinks a majority vote is the only way. He says after he wrote his article he had many e-mails in support. But some attacked him for saying insurance companies should be made to cover those with pre existing illness. His critics said that if they did, the companies would not be making the maximum amount of money.

He shrugs and says: "If people think that way, what can you do?".
He's right in that there is a philosophical gulf between the two sides.
But Pres Obama is trying to rally people like John and persuade them the gulf is so wide that a majority vote is the only way forward and it's worth one last push.
(bold emphasis mine)

There is nothing about capitalist theory that demands a "maximum" return. The concept is extremely flawed. For instance, returns could be "maximized" if environmental laws and constraints were removed.

A Democratic Capitalist System does not and never did propose to strive for the maximum possible return to any given individual......

It was always and is now the maximum benefit for a society !

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