7 Responses to “linklings, plutus award nomination edition”

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  1. ctreit

    Congratulations on your nomination and good luck!

  2. Curmudgeon

    First, congratulations on your nomination. I've told you elsewhere that I believe your strength is in your ability to relate career decisions to personal finance.

    Second, in defense of Walmart, here you have a company that was started and run for a couple of decades with a single focus – good stuff cheap (if I can steal that tag line from Building 19). As this strategy succeeded, it became larger and more dominant, and found itself rather surprisingly having to deal with a much more complex mission in society. It is struggling with that, but seems to be moving in a direction that is more acknowledging of those responsibilities (not sure about unions myself; I saw their destructive power growing up, but you and I can agree to disagree). That said, if you've ever been to Bentonville, you know that the company has an unusual and strong culture, almost like a cult.

  3. Curmudgeon

    Oh yes, and health care. I couldn't agree more, but I think what is turning many Americans off right now is the complex and overarching solution that is on the table. You may be correct that it's worthwhile trying anything, but once enacted, most government programs tend to take on a life of their own. I've studied it, and it is misleading of its supporters to describe it in any way, shape, or form as a way to keep down health care costs. Let's at least be honest about that.

  4. @Curmudgeon: I am not enthusiastic about the current plan(s) floating around. That having been said, if even a small measure of reform occurs I view it as a societal plus, simply because the defeat of another health care plan, 15 years after Clinton's and approx. 35 years after Nixon's would silence any hope of anything happening for another generation.

    Despite the fact that I consider myself moderate or libertarian on many issues, health care is one where I skew far, far left. Personally, I'd like to see a simple solution: allow anyone to buy into a (means-based) public health insurance plan. Let's see if the average private insurer that spends 15-20% on administration can compete with the “bloated bureaucracy” of the government than spends 6% on administration for Medicare. If the vaunted capitalist titans of the insurance industry are so much better than the government, nobody will buy in and the case will be closed. The open secret is, of course, that the insurance industry can't compete, because their first obligation is to the shareholder, not the insurance holder.

    So the current plan's crappy, but if we don't do something now we'd all better get happy with the idea of paying $2000 a month for health care insurance that drops us as the first sign of illness, like David's story in my link roundup. That may save money for the government – by not getting into that arena – but the cost to society is going to be horrific. Get ready for people getting treated for cancer in emergency rooms, the current “public option.” Why 36 of 37 industrialized countries have gotten past this debate and we haven't is a testament to the stupidity and downright corruption of the two major parties in America, and the insanity of continuing to support either of them, and particularly one of them.

    *whew*

    OK, now I'm going to go drink coffee – should be able to boil it off my forehead :)

  5. @Curmudgeon: I could probably have a whole blog devoted to Walmart and the love-hate relationship I (and many Americans) have with it. I have dealt with them as an auditor of their vendors, and have had to sit through dozens of tortured meetings explaining their near-mafia-like tactics with their business partners. At some point, Walmart has to acknowledge that – as of right now – their legacy will be the company that flooded America with cheaply made imported junk, crushed thousands of local businesses and reversed the rising trend in American workers' wages, all through their power as the largest employer in the history of the world. They are a capitalist success story, no doubt, but I doubt anyone working for $10 an hour with no healthcare in a small town in which most local businesses have been crushed appreciates it, even as they buy another pair of Malaysian-made blue jeans. And yes, we'll have to agree to disagree on unions :)

  6. @Curmudgeon: I am not enthusiastic about the current plan(s) floating around. That having been said, if even a small measure of reform occurs I view it as a societal plus, simply because the defeat of another health care plan, 15 years after Clinton's and approx. 35 years after Nixon's would silence any hope of anything happening for another generation.

    Despite the fact that I consider myself moderate or libertarian on many issues, health care is one where I skew far, far left. Personally, I'd like to see a simple solution: allow anyone to buy into a (means-based) public health insurance plan. Let's see if the average private insurer that spends 15-20% on administration can compete with the “bloated bureaucracy” of the government than spends 6% on administration for Medicare. If the vaunted capitalist titans of the insurance industry are so much better than the government, nobody will buy in and the case will be closed. The open secret is, of course, that the insurance industry can't compete, because their first obligation is to the shareholder, not the insurance holder.

    So the current plan's crappy, but if we don't do something now we'd all better get happy with the idea of paying $2000 a month for health care insurance that drops us as the first sign of illness, like David's story in my link roundup. That may save money for the government – by not getting into that arena – but the cost to society is going to be horrific. Get ready for people getting treated for cancer in emergency rooms, the current “public option.” Why 36 of 37 industrialized countries have gotten past this debate and we haven't is a testament to the stupidity and downright corruption of the two major parties in America, and the insanity of continuing to support either of them, and particularly one of them.

    *whew*

    OK, now I'm going to go drink coffee – should be able to boil it off my forehead :)

  7. Curmudgeon

    Ha, it was an enjoyable rant. I don't think I'm far left on anything, but I agree completely that health care has to change. For a variety of reasons I won't get into, I just don't see anything being proposed that will lower costs yet maintain quality unless we tear down the private insurance system and start over from scratch.

    On the same subject, here is a two sentence description of health care reform by Paul Krugman that I think nails much of the contradiction we face:

    By all means, let's ban discrimination on the basis of medical history—but we also have to keep healthy people in the risk pool, which means requiring that people purchase insurance. This, in turn, requires substantial aid to lower-income Americans so that they can afford coverage.

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