Just being Frank. Independent and Politically Nonbinary.

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Joined 5 months ago
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Cake day: February 13th, 2025

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  • Before the greedy consolidated healthcare into mega-organizations and privatized hospitals, most hospitals were run by charities, religious organizations, and local governments (usually counties). People paid cash for routine healthcare, which kept prices low, and had major medical insurance for major expenses. People had control over their healthcare.

    The system was not perfect, but it was a lot better than what we have today. And we can do a lot of things to make such a system better, such as requiring hospitals to provide indigent care to those who cannot afford to pay (i.e. free or reduced cost healthcare) in exchange for not paying taxes. If they chose not to provide indigent care, then they are taxed, and that tax money is used to fund government-run hospitals and clinics.

    You don’t have to centralize healthcare to provide universal healthcare. There are a number of ways to do it.








  • We actually used to have some form of stakeholder capitalism, at least practiced at a large number of companies. This is before the greedy corporate raiders ruined it, where they made investors the priority. It only existed for a short period, between the abuses of the past, and the abuses of now. But it was long enough where some people enjoyed an entire career.

    At these companies, employees used to have jobs for life, pensions, and generous benefits. But then the corporate raiders took that all away. That is also about the time that employee’s wages stopped growing and started to stagnate or worse.

    Was it perfect? No. But it was better than communism, and better than laissez-faire capitalism, and better than crony capitalism, which we have now.

    The good news is that some people are trying to bring stakeholder capitalism back. Many states now have something called a “public benefit corporation” which is legally required to consider all of the stakeholders, not just the investors. These laws would prevent corporate raiders and investors from gutting these companies at the expense of the workers and consumers.

    Plus, cooperatives and employee-owned companies have been around for a long time. Both employees and consumers are treated much better at these enterprises than they are at their investor-owned counterparts.

    It is a model that works, and must be protected.


  • There are different kinds of capitalism, just like there are different types of socialism.

    Authoritarian socialism or communism is the worst, and crony capitalism is what we currently have, and is pretty bad too. But there are things like democratic socialism and stakeholder capitalism which attempt to balance competing interests.

    For example, stakeholder capitalism is where all of the stakeholders benefit from their contributions, including labor. Workers get a share of the profits of the company, and are paid well as stakeholders in the company. The workers often own part or all of the company. There are also cooperatives, where the customers own the enterprise. Cooperatives work great for healthcare and necessities like groceries.

    People tend to pick the worst examples of capitalism and socialism, but those are not the only flavors.