The Sub-Prime Mess as Part of a Pattern September 2, 2007Posted by Jim Satterfield in Business & Society, Economics, Health Care, Health Insurance.
That’s what David Ignatius writes about in the Washington Post. What it comes down to is a variation on my criticism of what motivates much of the current American business world. It’s not enough to make a profit. There’s never enough profit, apparently. The search is always on for a greater margin or rate of return no matter how risky or how questionable it might be for the long term good of the company or our society. It doesn’t matter what happens to those thousands of people you fire from their jobs so that Wall Street will approve of you enough to up the stock value and the incomes of those executives who receive a significant part of their income from stock options. There is no other value that matters. Now keep in mind that many would have this environment and set of values determine everything about our health care system.