Patients are not Customers (tags)
Mainstream economics is always based on the idea of homo oeconomicus, an egoist who maximizes his own advantages. In economics, the extreme form of egoism is treated as rationality. July 30 was Medicare's 50th birthday and August 14 is Social Security's 80th birthday. Celebrate!
Banks, Bankers and Banksters (tags)
An unrestrained speculative capitalism emerged out of investment capitalism. New financing instruments are invented. Risks are trivialized or glossed over to soothe the population. Boundless indebtedness becomes the norm. The new age led to immediate profit eclipsing investment.