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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (9834)	9/27/2009 5:15:48 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 42652

There are several flaws in your philosphical certainty of a postive outcome following actions of market forces. WRT recent near collapse of the banking industry "First, the entirely self-evident fact that economics is a behavioral science - that economic conditions are the sum total of human actions, emotions, vice and virtues. Ultimately it was a very human vice - greed - that became the paramount driver of economic growth. Greed, inherently incapable of recognizing excess or limits, inevitably leads to economic distress. Second, predictions that market signals would cause the necessary corrections turned out to be stunningly false in the face of financial instruments so complex that no one could accurately determine the value of assets or level of risk. "