Latest Threads
Latest
Greatest Threads
Greatest
Lobby
Lobby
Journals
Journals
Search
Search
Options
Options
Help
Help
Login
Login
Home » Discuss » Journals » Land Shark » Read entry Donate to DU
Advertise Liberally! The Liberal Blog Advertising Network
Advertise on more than 70 progressive blogs!
Land Shark's Journal
Posted by Land Shark in General Discussion (1/22-2007 thru 12/14/2010)
Tue Sep 15th 2009, 09:43 AM
Three facts below add up to one very pertinent question regarding health CARE and whether for profit insurance companies have any place in it, or not:

1. In a 1970 NYT article Milton Friedman famously stated “The social responsibility of business is to increase its profits”. He has been widely quoted elsewhere saying "The corporation cannot be ethical; its only responsibility is to make a profit." Thus, corporations, as a class -- each and every one that is not FORCED by law or rare owners to do otherwise, are institutionally incapable of ethics.

2. As a matter of black letter law and common sense, corporations have no emotions -- they can not bring claims, for example, for "intentional infliction of emotional distress" because they do not have emotions - they're fictional entities authorized by law that the shareholders and officers literally hide behind ("the corporate veil" of limited liability) so that no human being is to be held responsible or liable for the acts of the corporation, if the corporation has its way. Thus, corporations, as a class -- (each and every one that is not FORCED by law or rare owners to do otherwise) are institutionally incapable of emotion.

3. The vast majority of large corporations have actually made threats, or carried them out, to outsource jobs to foreign countries or other states if their demands for tax favors and subsidies are met. The more recent examples of corporate bailouts are among the largest of a long history of such threats and demands. Whenever presented with a possibility of choosing either a loyal action (keeping jobs in the USA or within the current state of employment) or a disloyal action, corporations typically choose, and in fact argue that they MUST choose, the disloyal action of outsourcing jobs, in furtherance of their legally mandated one track minds for profit. Thus, corporations, as a class -- (each and every one that is not FORCED by law or rare owners to do otherwise) are institutionally incapable of loyalty or patriotism.


Why would anyone think that disloyal, ethicless, heartless and emotionless FOR PROFIT corporations have any place whatsoever in Health CARE?

Discuss (22 comments) | Recommend (+18 votes)
Blogroll
DU Journals
Other Blogs
Greatest Threads
The ten most recommended threads posted on the Democratic Underground Discussion Forums in the last 24 hours.
StarStar
AlienGirl has passed away
15 recs : By Contrary1
My Forums
Democratic Underground forums and groups from my "My Forums" list.
Visitor Tools
Use the tools below to keep track of updates to this Journal.
Random Journal
Random Journal
 
Home  |  Discussion Forums  |  Journals  |  Campaigns  |  Links  |  Store  |  Donate
About DU  |  Contact Us  |  Privacy Policy
Got a message for Democratic Underground? Click here to send us a message.