The system is broken. It's eating us alive. We do not value human life -- or, for that matter, life itself -- at the core of our social structure. But even the immensely powerful among us affect to value it after the fact, as rescuers pull bodies from the rubble and the survivors wail.
There is no reason why capitalism cannot be supported in a manner in line with the most basic of Buddhist beliefs. Capitalism recognizes human weaknesses and frailties, yet still provides opportunities for compassionate function.
At this moment, the U.S. economy is probably most properly described as a classic example of "crony capitalism." And if we are going anywhere new as an economy, we are in danger of heading to something even worse -- "vulture capitalism."
Even though capitalism has not been laid to rest, it is fair to say that capital is losing its status as the most important factor of production in our economic system. Capital is being superseded by the ability to innovate -- and therefore by human talents.
Although an issue like health care certainly reflects many of the broader ideological schisms in our political debate, amiss in ideological debates like these is the technical reality of the unique challenge posed by health care.
Capitalism is changing. It is evolving. And big companies are going to start to realize that when the cause is the brand, the consumer cannot get enough. That means two things: 1. More profits and 2. more good.
Our current financial system, with its high dynamic and detail complexity is sensitive to manipulation and prone to herd-behavior. The outcome is often creative destruction, leading to the poorly tolerated periodic bubbles and bursts.
We are possibly in for the same economic meltdown that ricocheted around the world, driven by the same moral meltdown that preceded and precipitated it. I describe this as a meltdown of values as capitalism's "seven debtly sins."
The global economy is splintering. U.S. voters hate all politicians and there's political unrest throughout the world. The root cause of this turmoil is the failure of the dominant economic paradigm -- global corporate capitalism.
States must preserve their rights to operate the health insurance exchange: If states do not build an exchange, the Affordable Care Act requires that the federal government step in and run the exchange.