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Postscript

A. Coskun Samli

A chapter in Dynamic Markets and Conventional Ignorance, 2014, pp 177-178 from Palgrave Macmillan

Abstract: Abstract Friend, if you have read this book rather carefully you must be worried about the future of this wonderful country. Perhaps we must ask certain questions further. Just why do businesses exist? If they are not contributing to the well-being of consumers they should not be there. You cannot, should not, function with the goal of make as much money as possible NOW at any cost. This is not the principle on which the market system was developed. They work for the society, the society does not work for them. This concept, over the years, due to extensive propaganda, has almost been reversed. For instance, almost all industrially advanced countries have single payers in their medical systems and they take care of ALL their citizens. Our representatives in the US Congress say we cannot do that since that is socialism and is bad. So we help five or six health care insurance companies to make billions of dollars of profit based on human misery. Friends, human misery must not be the source of profit. This is not what the market system advocated.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37021-1_16

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DOI: 10.1057/9781137370211_16

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