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SANFORD: Greed, self-interest tarnishes American capitalism

Published: Sunday, February 7, 2010

Updated: Monday, February 8, 2010 22:02


Sen. Claire McCaskill (D-Mo.) told Fox News on Dec. 13 that she would absolutely not support health reform "if we're not saving more money for our government than we're spending."

If people's health, their very lives, aren't worth spending money on, what is?

In politics today, the argument always comes back to cost and the unholy pursuit of the American greenback.

We can't have comprehensive health care because it would cost too much.

We can't have carbon cap and trade because it would cost too much.

Bailing out the banks costs too much and letting them fail might have cost too much more, so they say, on and on and on.

Capitalism is killing America.

Did you know the word ‘capitalism' doesn't appear once in the Constitution of the United States?

Business appears once, but not in relation to commerce, which appears twice in relation to tariffs and states equality.

None of these words appears in the Bill of Rights, and commerce appears only once in the Declaration of Independence ("…that as Free and Independent States, they have full Power to … establish Commerce…").

I am neither a bona fide socialist nor a libertarian, having leanings both ways, which often war with one another, a stance I maintain (perhaps against common sense) is healthy.

But I am a writer, and pay a great deal of attention to language.

What I notice is that in debate over the pressing issues of our nation, it always comes back to a single thing – money.

The word ‘budget' was used 1,827 times in the past month in Congress, ranking third behind ‘health' at 2,236 and ‘security' at 2,159, according to Capital Words (http://www.capitalwords.org). In contrast, ‘justice' was used 290 times, ‘tranquility' three times, ‘welfare' 61 times, ‘liberty' 111 times and ‘posterity' four times.

Where do these words come from? The Preamble of the Constitution.

"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."

Well, so maybe tranquility and posterity are somewhat outdated, but justice, welfare and liberty are still in common usage.

So why are we not discussing these things when weighing the merit of new legislation?

Some will argue, and rightly so, that we cannot ensure anyone's justice, welfare or liberty if the government is bankrupt, the economy defunct and the population unemployed.

This is true.

The trouble is, it is not the capitalist system itself which is killing America, it is our overvaluation of it.

Capitalism, even regulated quasi-socialist capitalism as we have today, works (more or less). But it is a system that works by balancing some of the worst aspects of human nature – greed and self-interest – against each other.

Proponents claim it also promotes virtues like hard work and responsibility with promises of social and economic mobility, something often demonstrated to be more myth than everyday occurrence.

They hold the life stories of Bill Gates and Warren Buffett up as proof, never mind that they are merely two out of how many hundred million?

The odds of winning the lottery are better, roughly one in 14 million.

This is especially true among the lowest income brackets, those whom legislation, such as health care reform, has the greatest ability to impact.

Between 1979 and 2004, the real, after-tax income of the bottom 20 percent of earners increased 9 percent.

This is compared to a 69 percent increase for the top 20 percent of earners. So, the rich became richer, and the poor became moderately less poor.

When we overvalue a system that promotes self-centered behavior, or worse, necessitates such behavior as part of its regulating mechanism, we endorse that behavior.

It becomes acceptable to neglect the welfare of our neighbors because fixing broken things would "cost too much."

Worse, the very threat of "cost too much" is now enough to castrate, if not kill outright, most bills.

Congressmen and women spend their time on the floor waiving dueling reports.

The Heritage Foundation predicts the Kerry-Boxer climate change bill will cost a family of four an additional $1,000 a year in energy costs alone by 2035 (without inflation).

Whereas the Environmental Protection Agency estimates the additional cost per household to be not more than $111.

Who are we to believe?

As a result, environmentalists have attempted (and generally failed) to highlight the disastrous costs of inaction.

Apparently, people with a "save the world" complex have a hard time speaking modern capitalism's "save yourself" language.

The same thing is happening with the health care debate.

The poor still have access to emergency care, a cost that is "shifted" onto those of us lucky enough to have insurance.

Yet, emergency rooms can't treat chronic diseases like diabetes or cancer, at least not until they're so far advanced as to be terminal.

There's no such thing as an emergency annual mammogram, so it's far too early to pat ourselves on the back for our progressive "turn no one away" policies.

The Commonwealth Fund projects the 47 million uninsured of 2007 will become 61 million in 2020.

Yes, greed and self-interest are really working out, aren't they?

There are solutions out there, ones that protect this essential capitalist economy.

Europe has successfully managed to blend capitalist business with social welfare for many decades.

If the will to actually enact health care reform or climate change legislation can be harnessed for the right reasons – because they will save lives and help lift people out of poverty – I have no doubt we'll figure out the "how."

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7 comments

In defense of capitalism
Thu Feb 11 2010 00:39
"Capitalism is killing America."

"Capitalism" is conventionally defined along economic terms such as the following:
An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
Source: Dictonary.com
This is an example of a definition by non-essentials. An essential definition of capitalism is a political definition:
Capitalism is a social system based on the principle of individual rights.
Source: Capitalism.org
In order to have an economic system in which "production and distribution are privately or corporately owned", you must have individual rights and specifically property rights. The only way to have an economic system fitting the first definition is to have a political system fitting the second definition. The first is an implication of the second. Because the second, political, definition is fundamental and the cause of the first, it is the more useful definition and is preferable.
Because people often use the term "Capitalism" loosely, “Laissez Faire Capitalism" is sometimes used to describe a true Capitalist system. But this phrase is redundant.
It is important to define "Capitalism" correctly because a proper definition is a prerequisite to a proper defense. Capitalism is the only moral political system because it is the only system dedicated to the protection of rights, which is a requirement for human survival and flourishing. This is the only proper role of a government. Capitalism should be defended vigorously on a moral basis, not an economic or utilitarian basis.

Obama and the statist socialist left are opposed to these objectives they are truly "killing America"

Sanford is right.
Thu Feb 11 2010 00:30
"We can’t have comprehensive health care because it would cost too much." True. But we can't have the load of manure congress and Obama want to shove down our throats because it doesn't work, promotes injustice and contributes to our already staggering deficit. And reduces the quality of health care in the bargain.

"We can’t have carbon cap and trade because it would cost too much." Also true but we also can't have it because it will further cripple an economy reeling under Obama's war against prosperity. Not only does it provide a phony solution to a nonexistent problem but its also designed to enrich fat cat wall street bankers and brokers.

"Yes, greed and self-interest are really working out, aren’t they?" Yes they are for Barack Obama and company.

The people have spoken
Thu Feb 11 2010 00:17
"For example, the Massachusetts health care reform has succeeded in providing 97 percent of residents with insurance since it was enacted in 2006, and it’s approval rating has risen from 64 percent then to 75 percent according to a Dec. 18, 2008 Governor’s press release."

Digital News Report – The Democrats lost their filibuster-proof majority in the U.S. Senate yesterday with the election of Scott Brown in Massachusetts. The state’s Attorney General, Martha Coakley, conceded defeat last night after a 52 – 42 percent defeat.

Brown ran on a platform which included a vote against the health care proposals in Congress.

Massachusetts residents have been living with a similar compulsory health insurance system since 2006. The Commonwealth Health Insurance Connector Authority has implemented tax penalties for people failing to obtain insurance.

The Boston Globe reported in 2008 that the Massachusetts system was facing budget shortfalls. Less than a month later they reported that the Commonwealth Care faced a short-term funding gap of $100 million.

In August 2009 the Globe reported that the Bay State had the highest health insurance premiums in the country. Citing a report by the Commonwealth Fund, Massachusetts residents pay an average $13,788 per family. This was 40 percent higher than in 2003. Compare that to an average increase of 33 percent nationwide.

Brown has promised to send national health care reform back to the drawing board. The new Senator wants everyone covered but doesn’t want the taxpayer to be stuck with the bill. The current Congressional proposal includes subsidies for low income Americans.

It didn't work in Massachusetts and Obama care won't work for the U.S.

Don't trust the government
Thu Feb 11 2010 00:09
"The Heritage Foundation predicts the Kerry-Boxer climate change bill will cost a family of four an additional $1,000 a year in energy costs alone by 2035 (without inflation).

Whereas the Environmental Protection Agency estimates the additional cost per household to be not more than $111.

Who are we to believe?"

The Heritage Foundation. Unless your so naive that you don't think government people act with greed and selfishness.

I vote with my conscience
Tue Feb 9 2010 18:23
Money is the key issue in every country, regardless of the form of government in power. Greed is not unique to capitalism nor to greenbacks, it is rampant in socialist systems, too.

The reason there is no East Germany or Soviet Union any more is because they tried to spend money that didn’t exist, causing the governments to collapse in economic ruin. “Das war die DDR” (That was the GDR: A History of the Other Germany) lays out in graphic detail the catastrophes the GDR encountered from their government basing policies so heavily on socialist ideals. A particularly enlightening example is illustrated by the number of East Germans that risked their lives to get West German health care because the comprehensive East German health care was simply inadequate. The ecological tragedies caused by the GDR’s socialist policies are right in line with the disasters caused by the Soviet Union, as well as China’s current policies that focus on raking in revenue instead of the health of their people.

The number of parallels between the collapse of the GDR government and policies currently being pursued in our country are disturbing, to say the least.

Capitalist Pig
Tue Feb 9 2010 14:00
The Constitution also doesn't mention "health care" or the environment, yet that doesn't stop you from controlling both. I don't quite understand your connection between the word "capitalism" and it not being written in the Constitution. I think the protection of private property was evidence enough to have a de facto capitalist structure. At the end of the day, that's all capitalism is.

The Constitution doesn't provide for probably 98% of what Monica Sanford believes in. I find it ironic a columnist for the DN would quote the Constitution, and the proceed on an endless rants on how we should support their unconstitutional programs.

Anonymous
Tue Feb 9 2010 09:49
I suggest you read Ayn Rand's Atlas Shrugged. Capitalism is the only true equalizer of society - everyone has a chance to succeed and to excel. Look at the problems across the globe and across history caused by your view of economic equalization - Greece, Spain, Venezuela, Argentina, Soviet Union, France, England. In Europe, the debt overload caused by Robin Hood economics threatens to crash the entire economy - how does that help those in need?

We have a responsibility to aid those who are truly in need, not to give a free ride to everyone. No where in the Constitution or the Declaration of Independence does is say that those who earn the money have to give it to those too lazy to work.

If you are such an egalitarian, when you earn an A in your class, do you share that with the student who failed, so you each get a C?







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