Tag Archives: Capitalism

Medical Care In The United States

More proof that we have the best medical care delivery system in the entire history of the world:

Drugstore and supermarket pharmacies across the country have launched a marketing blitz to attract flu shot customers, touting the convenience of stopping at a local drugstore and often offering drop-in vaccinations anytime the pharmacy is open — sometimes even 24 hours a day.

“If you decided at 4 o’clock in the morning you wanted to go out and had nothing better to do than get a flu shot, you could walk right in and you could get a flu shot,” says Scott Gershman, pharmacy manager at a Walgreens drugstore in Springfield, Va.

Shelley Troff and her 13-year-old son dropped by Gershman’s pharmacy one afternoon in September to get their annual shots. Troff says she didn’t even consider going to her doctor’s office. “To be frankly honest, Walgreens is easier,” she explains. “Since this is one mile from my house and the clinic is 20 minutes from my house, this is where I come.”

Pharmacies usually charge between $25 and $32, while a shot at the doctor’s office generally costs at least $48

Really super sucks to be an American.

Best Twitter Of The Night

Michelle Malkin:

From “I, Pencil to iPhone”: The spontaneous order of capitalism.

Corportations Are Evel Greedy Killers

Further evidence that the government is too slow and inefficient to react and that the private space will always do a better job:

On Tuesday federal officials said that there had been at least 19 previous outbreaks involving more than 1,000 illnesses and three deaths resulting from cantaloupe consumption since 1984. The current outbreak, caused by cantaloupes grown in Colorado, has sickened more than 70 people and killed at least 13, making it the deadliest food-borne outbreak in the United States in more than a decade.

“I don’t think the cantaloupe industry can continue on doing the very same thing and expecting a different result,” said Craig Wilson, the head of food safety for Costco, the Seattle-based warehouse retailer, which is regarded as a leader in requiring food safety measures from its suppliers.

Why would a private company do this?

It turns out that a company is more profitable when its products don’t kill its customers.

Therefore I Have To Work

There is no way that this is serious commentary.

The rhetoric and language is simply too stereo typical.  However, the poster does have 57 videos.  But then again, Colbert has many more.

Please tell me I’m right insaying this is satire:

Markets In Everything: Domain Names

If you’re lucky you too can make money on the internet:

The owner of the domain names Romney-Perry2012.com and Perry-Romney2012.com has put a price on the rights to the websites: $50,000 each.

The auction is a clear sign that the presidential race is heating up, as the cottage industry of presidential domain names gears up for profit.

Funny world.

Disaster Planning: Free Market vs. Government

Sadly, most conversations regarding damage, preparedness and reaction to catastrophes take place during or AFTER an event takes place.  Such is the nature of people, and is what separates us from even squirrels.  Even they gather for the winter.

However, there are people, organizations who do look ahead and plan.  They take the responsibility seriously and give great thought to the subject.  These people study disasters and recoveries.  In fact, the organizations they work in are aptly named; Disaster Recovery.  We have one for my company, in fact, we have staff at my building.

As with anything, there are certain people more skilled at this than others.  In fact, again, just like we would expect, there are groups of people, organizations, that are better at it than other groups of people.  It should not surprise anyone that when it comes to government preparedness and the private sector’s planning, who’s side I’ll take.

Consider this: Via Carpe Diem

Forecasters don’t expect Hurricane Irene to make landfall until Saturday. But for nearly a week now, big-box retailers like Walmart and Home Depot have been getting ready.

They’ve deployed hundreds of trucks carrying everything from plywood to Pop-Tarts to stores in the storm’s path. It’s all possible because these retailers have turned hurricane preparation into a science.

At Home Depot’s Hurricane Command Center in Atlanta, for example, about 100 associates have been trying to anticipate how Irene will affect its East Coast stores from the Carolinas to New York.

At times like this, the Command Center looks much like NASA Mission Control during a shuttle launch, says Russ Householder, the company’s emergency-response captain.

“We’ve got all the key news agencies on the big screens up front,” he says. “We’re also monitoring our store sales so we can better be in tune to what’s happening in our stores, and we’re also connected live one-on-one with district managers in the impacted areas.”

Walmart is able to anticipate surges in demand during emergencies by using a huge historical database of sales from each store as well as sophisticated predictive techniques, Cooper says.

He says that with Irene on the way, that system is helping them allocate things like batteries, ready-to-eat foods and cleaning supplies to areas in the storm’s path.

Walmart also has the advantage of having a staff meteorologist, Cooper says.

Walmart’s preparedness system helped the company emerge as a hero after Katrina, says Steve Horwitz, an economist at St. Lawrence University in Canton, N.Y., who studied the company’s response.

“They know exactly what people want after a hurricane,” he says. “One of my favorite stories from Katrina is that the most popular food item after a major storm like this is strawberry Pop-Tarts.”

Wanna see what Wal-Mart’s preparation for moving supplies in, before Katrina, looked like?

Care to see the Government’s preparation for moving people OUT?

As 1,000’s of people needed to leave the city, a city that sits BELOW sea level, the government left a fleet of buses to simply flood.

Government simply can not DO like the private, for profit, sector operating in a free market.

 

Capitalism Gone Wrong?

6 months ago I was involved in a head on collision as I attempted to turn left onto  the Inter-State near where I live.   I suspect that the little college girl was texting right as she managed to miss the first car in front  of me turning left and hit me, the second car.  However, I can’t know for sure. I was lucky that night and walked away from the wreck.  Because I suffered no injuries and her insurance eventually covered my car I didn’t press charges or bring suit; I haven’t seen her since.  In fact, I’ve waited this 6 months to say anything about it on anything resembling “social-media” in the event some consequence of that accident made itself known.

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Polling The Natives

I’m at the beach this week. And, having taken vacations where we stay at a condo or a townhouse or a room with a kitchen before, we are working really hard to keep it “all in the family” by eating meals that we have cooked together.  Tonight was steaks on the grill.

In the community that we are staying, gas grills are prohibited.  In fact, charcoal grills are the only type allowed and even they are restricted to the “grill zone”.  That is, a very pleasant little area with 3-4 grills complete with seats, and a deck and plenty of room for co-grillers to meet and greet.

Tonight was a full house.

Three of us dad’s were grilling tonight and we began with the usual introductions.  Each of us was recently arrived and as such, we felt compelled to entertain conversation – we being neighbors for the next week or so.  As always in the “man way”, we began to introduce ourselves through our work, or career.

One guy ran a company that manufactured ball caps.  The other ran a boutique wine and cheese shop.  Me, I just work for the man.

We talked about the rain, the weather, women and kids.  We laughed over beers and burnt chicken.  We swapped stories and matches.  All nonsense talk really, just fillin’ time the way men do until they realize that the end is apparent.  That time in the conversation when we can reasonably claim we have to leave and still save face.  When that time comes, the conversation turns serious.

We all three began to gravitate to the economy and “the way things are”.  Now mind you, I have no idea these men’s name.  I have never seen ’em before in life and likely won’t even see ’em again here.  But we all three agreed that:

  1. A reasonable society should help each other out.
  2. That help should not create dependence.
  3. We have long ago crossed that line.
  4. Where unemployment benefits are concerned, we would be better off deciding how many weeks is enough and just lump sum the check.

I swear to gawd this is true.  I find more like minded people wherever I go.  This nation isn’t broke.  This nation is being managed by the morally inept.  By the intellectually inept.  By the spiritually inept.  Every single person I know and talk to understands that what our government is doing is buying votes.

The rest is just chit chat.

As I write this it occurred to me that my specific audience was perhaps biased; two business owners and a massive free market corporate lackey.

Then it occurred to me that perhaps there is something to be said about the fact that these individuals find themselves gathered in a rental community on the beaches of North Carolina for a week.  Maybe what successful people think matters.  Maybe when Michael Jordan advices about basketball people should listen.

Maybe.

Stagnant Wages and Employee Compensation

Do you feel that you are fairly compensated at work?  That is, are you getting from the company a fair return for what you give?  Maybe, maybe not.  I betcha that in this economy more people feel that they are NOT earning what they feel they are worth.

Is that true, though, over time?  Has out income stopped keeping pace with the times?  According to some, it would seem so:

It would seem that since 1970 or so, wages in America have been flat.  In fact, for much of the time since 1970, we have seen wages below the 1970 level.  And this fact is to be used against us to demonstrate that somehow the working class, the middle class, has it worse of now than in, well, than in 1969 apparently.

But is that the whole story?

I don’t think so:

…the level of productivity doubled in the U.S. non-farm business sector between 1970 and 2006. Wages, or more accurately total compensation per hour, increased at approximately the same annual rate during that period — if nominal compensation is adjusted for inflation in the same way as the nominal output measure that is used to calculate productivity.

Total employee compensation was 66 percent of national income in 1970 and 64 percent in 2006. This measure of the labor compensation share has been remarkably stable since the 1970s. It rose from an average of 62 percent in the 1960s to 66 percent in the 1970s and 1980s, and then declined to 65 percent in the 1990s where it has remained from 2000 until the end of 2007.

From the actual report:

Another useful way to examine changes in the compensation share is to
focus on the nonfinancial corporate sector (as presented in table B14 of the 2007 Economic Report of the President.) This eliminates some of the very highly compensated individuals in the financial sector. It also avoids the problems raised by separating capital and labor income of sole proprietors . Comparing the compensation paid by the nonfinancial corporations to the net value added of the nonfinancial corporations reinforces the conclusions based on the larger scope of industries. In 1970 compensation was 74 percent of the value added of the nonfinancial corporate sector. In 2006, it was 73 percent. The decade averages rose from 70 percent in the 1960s and were very stable after that: 73 percent in the 1970s and 1990s, 74 percent in the 1980s and 75 percent since 2000.

What’s this all mean?

It means that there are other ways to compensate individual besides “wages”.  For proof of this, listen to the screeching of the Unionista as he complains that having to pay for his own health insurance (actually, just 12% of it) is a “pay cut”.  Of course, that implies that the benefit was first a “pay”, or what we in the biz call a “compensation”.  Similar to health benefits are paid days off, training, 401k and sick days.  To name a few.

I “get” a pager.

So, what does that graph look like if you graph compensation rather than just cash?

That there is total hourly compensation since 1950.  If you notice, right at 1970, we have a massive arc upwards.  Contrary to what you hear, the worker is better off than he was.

Music, Sweet Music – US Postal Service To Lay Off 120,000

It would seem that people only care about monopolies when they are in the hands of anyone but the government.  But, when in those trusted hands of Uncle Sam, it’s A-OK for an organization to have a legal strangle hold on a market.

Enter the United States Postal Service.

For years this organization has been losing money by the truck load.  The truck load I tell you.  And the whole time they’re losing this money there are corporations willing and able to take the job from them.  FedEx and UPS would be chomping at the bit to be able to have a shot at the commercial mail that the USPS handles right now.

But the government won’t let ’em.

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