Tuesday, May 16, 2017

COTW: It's Rigged!

Trump told us its rigged, and 'Mericans apparently believed him. You don't have to be a rocket scientist or a Marxist to understand that the capitalist economy is built to enrich capitalists. This chart shows that US citizens are just behind Mexicans, Russians and ahead of Germans and English in thinking their economies favor the rich elite:

Infographic: Where People Think the Economy is Rigged | Statista You will find more statistics at Statista. Canada, notably not on the above list, is able to provide universal health coverage for less than it costs per capita for the US to cover only 37 percent of the population eligible for government plans. That is because Canada does not follow the flawed logic of a profit solution for a social service so fundamentally a necessity as healthcare. The profit model introduces inefficiencies into the system. Of the 55 countries Bloomberg assesses in terms of health care efficiency worldwide, the United States is one of the least efficient. Only Jordan, Colombia, Azerbaijan, Brazil and Russia rank lower. The US spends more than double (8%>3%) for health care administration compared to other highly developed countries. So, yes Mildred, the US economy enriches the rich who profit off the unrich.