Tag Archives: Medicare for All

Head-on conflict with the self-interest of concentrated private capital

joe biden

The corporate media is a complete waste of time.  They failed us in 2016 and they are spectacularly failing us now.  We must turn to other news sources.  These are excerpts from The Nation Magazine.

Grey, Rohan, Nation Manazine, April 20/27 2020).

Biden indicated that as president, he would veto Medicare for All legislation because of concern over the price tag.  “Biden has been a deficit hawk his entire career.  As a Senator, he broke with his party to support a Repubican-sponsored balanced budget amendment, and as vice president he spearheaded efforts to achieve a bipartisan deficit reduction deal that included cuts to Medicare, Medicaid and Social Security.”

“In the aftermath of the 2008 financial crisis, the Obama administration allowed millions to lose their homes in order to “foam the runways” for the banking system, while the Republicans cynically weaponized deficit and debt hysteria in order to deny the Democrats the political credit of a more successful recovery.”

“…much of the suffering attributable to this pandemic will not come from people directly contracting the virus, but from our collective failure to provide adequate care and support to the elderly, the physically vulnerable, the poor, and people in less fortunate countries during their hour of need. The virus itself may be a novel twist, but the broader story is regrettably all too familiar.”

Biden, in the debates, “…acknowledged that upon entering office in 2009, he and President Obama were informed by the Department of Defense that climate change was the single greatest threat to American national security—a point Sanders has been making for years. However, when the moderators pointed out that his climate plan was $14 trillion less than Bernie’s, he retreated into defensive bluster and nostalgic promises to restore the 2016 Paris Agreement. Gone was the sense of existential urgency and ambition that had animated his earlier remarks about the coronavirus.

“…whatever it takes means embracing the inevitability of a head-on conflict with the self-interest of concentrated private capital. A few months ago, it would have sounded extreme to propose placing Amazon, Walmart, Netflix, Uber, and American Airlines under public ownership. But today the socially contingent nature of these corporate behemoths—from their financial engine, to their workforce, to the goods and services they provide—has been laid bare. If luxury perfume companies like Christian Dior and Givenchy can be repurposed to make hand sanitizer to save lives, surely we can consider the same for the companies responsible for essential basic staples such as food, ventilators, and toilet paper. We want clean hands. But we also want bread, roses, and the means to wipe our asses.”