Call it Personal Disaster Capitalism
If Reform Costs X and Fighting it costs Y – choose the lesser of the two everytime.
Executives of three of the nation’s largest health insurers told federal lawmakers in Washington on Tuesday that they would continue canceling medical coverage for some sick policyholders, despite withering criticism from Republican and Democratic members of Congress who decried the practice as unfair and abusive.
Why? Why would they do this?
Because it is profitable, of course.
The line between taking a profit and making a killing is where ethics ends and Super Profits begin. There are thousands of examples we can find in our economy today where taking a profit is not good enough, and thus making a killing is what we do.
It seems as though once the line between making a profit ethically is crossed there is no going back. Once the people who profit by stepping over the line and making a killing have gone there, the damage is already done and it is too late. What good is it to us if we fine a polluter some millions they can afford after they have made the Super Profit and ripped the resources out of the bare earth, or by denying someone Health Care they paid the Insurance for, or by ginning up a war fro their contractor buddies. The war still happens, people die of preventable disease and no one can put the environment back together again.
This is how our economy works. Whoever can fuck over the most people the best win. You can be too big to fail but if there is any competition to worry about, don’t worry, the Government will take care of it for you, but if average Joe Sixpacks demand the same thing that is socialism, and that is bad.
So what is a person to do?
The first step to fighting the Class War is to know your enemy.
An investigation by the House Subcommittee on Oversight and Investigations showed that health insurers WellPoint Inc., UnitedHealth Group and Assurant Inc. canceled the coverage of more than 20,000 people, allowing the companies to avoid paying more than $300 million in medical claims over a five-year period.
It also found that policyholders with breast cancer, lymphoma and more than 1,000 other conditions were targeted for rescission and that employees were praised in performance reviews for terminating the policies of customers with expensive illnesses.
You see, if they actually provided the health care insurance policy holders are paying for, they would not make such a big profit. It is as simple as that. $300,000,000 over 5 years is hard for a Board of Directors to turn down.
The Murder By Spreadsheet Industry is not alone here. Many industries and big businesses claim they can not survive without there special little exceptions around basic decency and common sense.
Some examples are
Mountain Top Removal Coal Mining
You can call this Environmental Disaster Capitalism
First off, these companies will NEVER invest in Green Technology and Green energy, because that costs money and any initial investment towards progress will hurt their profits, and that makes Executives cry.
Never mind the fact that there are other, less destructive ways to mine for coal, but that costs money, and is less profitable than the Super – Profits that can be made by wrecking the place. Never mind the fact that coal is toxic, toxic to the air, the rivers, everything around it. That is not important, making money, now that is what is important.
If companies do not have the ability to bust unions, how will they make their Super Profits? Can large employers like WalMart get by when their employees can demand better wages and benefits? Of course.
Will they admit that? Hell no!
What costs more, making TV ads or actually paying employees more? Do the long term benefits to society and our economy outweigh the initial costs? Of course not, that would get in the way of making a killing. What are you, some kind of socialist?
Well, yes, if by socialist you mean something other than an unfettered free market capitalist. If that is what you mean by socialist I am guilty as charged.
This one is so big I will not get into it too much, suffice it too say that they are certainly making a killing on Wall St. I have yet to hear when the Wall St Bailout will be paid back
No matter how bad the risk, the people who take those risks never feel the pain of their failure. They are Too Big To Fail. You are not.
Socialism for the rich is fine, just don’t go getting socialist on the rest of the proletariat. If you feed them once you will never get rid of them.
War and The Military Industrial Complex
This is true Disaster Capitalism at work, and the heart of all class warfare. War is class warfare.
If we do not have wars to fight how will we ever justify spending a quarter of our federal budget on our military, plus supplemental spending and all the other goodies we hand out to the MIC year to year?
And if there are no actual wars to fight, we can just invent them with a little help from the Corporate controlled media