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Neoliberalism has a corollary, socialism for the rich. This essay by Robert Reich spells out the form of that socialism. Always remember that when you hear a politician say, we can’t afford socialism that what they are really saying is, I am a creature of the rich who fund my campaigns, and I support only one social priority, profit for my sponsors. What is the proof?
The Theorem of Wellbeing shows without exception that social programs that foster wellbeing are more efficient, more productive, easier to implement, more pleasant to live under, and much, much cheaper. Just consider healthcare. We spend orders of magnitude more per capita than any other developed nation and yet we get dreadful social outcomes, while obscenely enriching everyone in the illness profit system, except the doctors and nurses.
Stephan A. Schwartz
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Robert Reich, a former US secretary of labor, is professor of public policy at the University of California at Berkeley
and the author of Saving Capitalism: For the Many, Not the Few and The Common Good