The video “Enron: The Smartest Guys in the Room” could help us understand the balance of social justice and individual happiness. The state should represent the public interest and yet private or special interests are in the driver’s seat in privatization, deregulation, and liberalization of markets. Majority rule must be balanced by minority protection for the state to be legitimate.
The market is not a subject or a god/religion but an instrument – helpful after political questions are answered: What kind of country do we want? Don’t cooperation and competition depend on each other? What would our country look like if we followed O Canada and abolished Wall Street and the Pentagon and built community centers with casserole dinners, computer rooms, libraries etc.
Frederick von Hayek in his book “The Road to Serfdom” said helping others was serfdom. Thanks to market fundamentalists, we have a corporate government with govt of, for and by Goldman Sachs, corporate tax evaders, and beloved campaign donors! Nature becomes a free good, external or sink instead of our partner and foundation for future life!
According to a Polish proverb, you can make fish soup out of an aquarium but can’t make an aquarium out of fish soup. Future necessities, the rights of nature and the social contract are faded out by profit worship and short-term fixation. According to a Chinese proverb, the person who says it can’t be done shouldn’t interrupt the one already doing it. The elite can’t seem to see the writing on the wall or hear the wake-up call. Aetna and United Health Care are leaving Obamacare next year after losing hundreds of millions. The Canadian single-payer health care was around 20 pages – unlike our 2000 page scheme.