Debt means restricted choices.
Companies demanding education certificates serves their purposes, to drive wages down, as their choice of employees is over abundant.
Or think innovatively to cut the cost of getting an education.
If healthcare is more about safeguarding the interests of the entrenched and NOT competition it serves not the needs of the masses.
Debt serves as the underpinning for yielding profits, to keep the system entrenched.
Since 2008, a transfer of wealth from the masses at the bottom to the top has been in motion.
The power of lobbying. Rewards entrenched interests. It's not about cut throat capitalism. Where hard work rewards!
Access to low-cost credit, and who collects the lion’s share of gains in income and wealth, are connected.
The pitch for Capitalism is, if you work hard, you're rewarded by success, and wealth. For that to occur the playing field has to be level.
With wealth comes power, to write the rules that prioritizes their needs above competition.
Where was the reward for failure for the Too Big To Fail? A cynic would class that As SOCIALIZED LOSSES, PRIVATIZED PROFITS. NOT CUT THROAT COMPETITION at the top!
Just as communism Plonked, so is capitalism, on skid row, as it concentrates Too Much power via wealth into a small clique, which doesn't serve the needs of the majority, or address their needs.
Those who tout hard work, pull yourself up by your bootstraps, are still residing in La-La land!
Where was their VOCAL opposition to bailing out the Too Big To Fail?
Uneducated people are easier mugs for rich people to control. In A documentary "People's Century" a woman said she thought it touched czar Nicholas of Russia, she would be cured, because he was ordained by God to rule. The Russian revolution swept away serfdom .
People living hand to mouth because their wages are too low, means bigger profit margins for the bosses. On Yahoo answers, one answerer wrote as a butcher he made only one third of what university educated people demanded as a wage packet. That's the down side of multi national corporations playing the system. The butcher can't compete, not in terms of being able to increase his prices, or create employment.
https://whowhatwhy.org/2013/05/06/read-this-our-common-wealth-the-hidden-economy-that-makes-everything-else-work/ "Besides, anyone who thinks that private riches and possessions are entirely self-earned is willfully blind. As Rowe noted:
Virtually all “private” wealth emerges from collaboration among individuals, society and nature. The most “self-made” men and women draw upon a vast pool of knowledge and natural gifts they did nothing to create. They also benefit from schools, roads and other public services, including enforcement of contracts and property rights. Warren Buffett, whose candor is in the same league as his wealth, says that society is responsible for “a very significant percentage of what I’ve earned.”
In fact, the vaunted market economy as it actually works in the real world is replete with private interests eagerly accepting taxpayer subsidies."
http://www.informationclearinghouse.info/49817.htm "The USA is definitively a 3rd World nation. Read the list above and then try to argue the USA is not a 3rd World nation. Try arguing against the facts displayed in this chart:"
https://www.counterpunch.org/2017/03/03/the-best-education-money-can-buy/ "With this tax break in place, elite universities get to accumulate vast endowments, and the phenomenally rich get to pay taxes at bargain basement rates — and stay phenomenally rich.
But these same endowments are also creating fabulous wealth — for the money managers and hedge fund kingpins that universities hire to invest their endowment dollars. These money manipulators rake off enormous fees, often many millions of dollars a year.
What about us, the general public? What’s our return on investment for the hefty tax breaks we extend to wealthy people for their college contributions? "
http://washingtonsblog.com/2015/05/how-healthcare-is-dooming-the-u-s-economy.html "The primary drivers of rapidly increasing costs are:
1. The cartel/crony-capitalist structure of U.S. healthcare
2. Defensive medicine to stave off litigation
3. Profiteering from needless or ineffective tests, procedures and medications
4. Fraud and overbilling
5. The concentration of expenditures in a small sector of the population
6. America’s inability and/or unwillingness to have an adult discussion over end-of-life care for the elderly. "
@barktender if cons preach Capitalism, Why rescue the reckless (since 2008) for their own inability to assess risk? Definition of capitalism is not guaranteed government bail-ins until perpetuity for the select few! As such they should too have stood on their own feet, or been turfed ouf!
Both education and healthcare is money making enterprise, very little about delivering value for Money! Structural changes are long over due.
· 6 days ago