I’m passing this little fact I stumbled upon concerning food stamps and J.P. Morgan/Chase. I’ll suggest a connection to Health after the fact:
- The largest processor of Electronic Benefit Cards (e.g. for food stamps) is J.P. Morgan. Website for Chase Direct Benefit Card. (Screenshot)
J.P. Morgan received $25 Billion from taxpayers succeeding its acquisition of insolvent Bear Sterns, which Morgan repaid.
Many of us know about the bailout. Few know about J.P. Morgan’s involvement in Food Stamps.
So, to sum up here:
- A banking enterprise which is atithetical to any form of public welfare state – and whose industrial peers’ collective incompetence and sociopathic disregard for their own industry drove many Americans into unemployment and even food subsidies – received capital from the State, hard-earned capital which was forcibly appropriated from the People.
- The same banking enterprise – again: a going concern antithetical to welfare – receives state money to process welfare payments.
These are two important facts to bear in mind with respect to Healthcare.
Regardless of where you are on the political spectrum – from Libertarian to Communism – consistency of belief system is a must.
What J.P. Morgan’s apparent conflict-of-interest demonstrates is the utter lack of moral leadership required to sustain a civilization.
If you are a Capitalist, then you must remain true to the principles of Capitalism.
If you are a Communist, then you must remain true to the principles of Communism.
If you believe in a completely free-market approach to payement reform in Healthcare, then be true to your principles and accept whatever evidence comes your way proving or disproving your stance. And when you die, you must accept the comfort or hell of your deathbed made by the hands of your ideology. Make sure you understand Das Kapital.
If you believe in a regulatory approach to payement reform in Healthcare, then articulate clearly the vision, understand the mechanics of that vision and elucidate the consequences of those mechanisms – for good or ill. And when you die, you must accept the comfort or hell of your deathbed made by the hands of your ideology. Make sure you understand The Wealth of Nations.
Healthcare is about wholeness.
Integrity is the soul of Health. Once it’s gone, it’s gone forever and we die into indignity.
Capital is the most powerful, ramifying and mysterious substance in the world. No civilization has yet figured how to safely handle it.
Capital will the be the frontline in the biggest and most destructive war of the 21st Century. Pick your side and get ready to fight.
I’m with you, whatever side, as long as you hold your integrity all of the way to the heart-breaking end.