What I intend to do here is select problems from current events and test my firewall hypothesis. Every news story has a problem at it’s core. It is my contention that many problems exist because people don’t understand that top down and bottom up economic strategies do not mix.
For example: Let’s take the deficit. Republicans have a way of getting us to compromise on something, get us to shift to the right, and then use the subsequent disaster it causes to beat us up in the next round. We wanted a public option in heath care. It was the right thing to do because heath care is a necessity and should be protected from the private sector from behind the firewall. They got the democrats to compromise to the right. We got no public option that would have driven costs way down. What we got was the same old private insurance companies costing us twice what other western democracies pay, only now they get to cover everybody with the taxpayers paying the giant premiums for those low income folks who can’t afford it.
And what do the republicans do next? They scream bloody murder about the deficit. If we would have put heath care behind the firewall we would have less debt and better care by blocking the private sector from exploiting a human necessity. In classical economics a “free market” is by definition a market where the individual can refuse to buy something. All of classical economics relies on this logic. You can’t refuse to by heath care. Necessities should be out of bounds for vulture capitalists. JP 10-11-11