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b_b  ·  2088 days ago  ·  link  ·    ·  parent  ·  post: Random quotes of the week

    The capitalist class is effectively arguing for socialism.

Rick Wagoner, former CEO of GM, not exactly a radical liberal, was arguing for socialized medicine many years ago for just this reason. The cyclic nature of the automobile industry necessitates hiring and firing a lot of people with regularity, through no fault of their own. Wagoner's argument was that employment could be a lot more stable were everyone to have health care, and therefore long term planning on the part of producers could be a lot easier as well. This was while Bush was in office, long before the whole private planes to beg for bailouts debacle, and needless to say it got exactly 0 traction. He was maybe ahead of his time. We'll see.