Forum Post: Hedgefundemony

How to get out from under the hedgefundemony and banksters that rule us and threaten our existence by theirs.

First understand. All of finance is free lunch for its perpetrators. The profits of banks, investors and especially speculators are the most inflationary and unnecessary costs in the economic system. If they don't understand that, they're normal. That is: the socialization process has so conditioned and programmed their thought that, as Mark Twain said, "they only think they think." Milton Friedman said there is no free lunch. That was to divert attention from the timeless con, as the ruling elite class eat our lunch and give no useful goods or material service in return.

So where do we start dismantling the economic status quo and creating one that works for us and not just for billionaire parasites and their sycophants? Sadly, a frontal attack on banksters and billionaire investors is unlikely to succeed just yet. But Medicine/Pharma, though they provide a useful material service, have become cost dysfunctional in America. So we may begin by recognizing that the rising health care, pharmaceutical and insurance costs, which the mind programmers are most recently attributing to Obama Care, are the result of the free lunchers' investment in those critically important industries.

The truth is that hedge funds have been buying medical practices and hiring the former owner/doctors to operate them. The graduating docs have no where else to start their careers. The doctors are most probably paid less, there are more PAs and NPs, and costs are going up while quality and access deteriorate. The only thing improving is the hedge funds' bottom lines. Meanwhile billionaires are buying pharmaceutical patents and pricing too many of us out of life itself.

How do we find a "thinkable" solution for this ruling class crime against humanity? We don't! There is no "thinkable" answer to eliminate the hegemony of the rich. We must tax the bastards into poverty. Distribute the money to local, state and federal communities to operate the confiscated pharmaceutical corpses and hedgefundemonized medical practices. The greatly reduced costs, with hedge fund and billionaire profits eliminated, can be born by the rest of us, because health care will be free to all. And we can pay most of the actual practitioners more than they're getting under the slave [erroneously called free] market today.

Once we get health care under contol: step to the left and repeat, until we have an economy that works for all of us.

For a better understanding of free lunch:

http://www.nakedcapitalism.com/2016/10/the-return-of-the-repressed-critique-of-rentiers-veblen-in-the-21st-century.html

https://www.amazon.ca/Absentee-Ownership-Its-Discontents-Thorstein/dp/3981484274 Michael Hudson and Ahmet Oncu, eds., "Absentee Ownership and its Discontents: Critical Essays on the legacy of Thorstein Veblen"