Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Saturday, February 23, 2013

Trillions for Wars, None For Cancer Stricken Children

Land of the free - Home of the brave? Team cures cancer with innovative treatment, child-patients stuck with staggering bills.

February 11, 2013 (LocalOrg) - In "On the Cusp of Ending Big Pharma," a coming revolution in biology and medicine made possible by a better understanding of genetics and gene therapy was described in detail. Almost as if to validate the premise of having the public begin getting directly involved in not only understanding genetics and gene therapy, but begin building the infrastructure at a local level to pursue research and development, as well as implement eventual techniques and treatments, Philly.com has just recently published a follow up to an incredible story.

Titled, "Girl's gene-therapy estimate gives Children's Hospital a shiner," the article describes a clinical trial in which gene therapy was used to treat 10 adults and 2 children suffering from cancer, most of whom have had their cancer go into remission, and the staggering bills the treatment incurred. Charities and insurance assisted at least one patient, while another, a 5 year old Croatian girl, was left with a $837,000 bill.


Medical care is expensive. It requires the absolute cutting edge in technology, skilled doctors and technicians to utilize it in the care of patients, all within an economic paradigm where demand vastly outnumbers supply. What could be done to reduce the disparity between supply and demand? And what can be done until then to ensure people get the absolute best treatment possible? Or should a 5 year old girl perish because she can't afford experimental treatment when all other options were sure to fail?
Trillions for War


Soldiers fighting the fruitless decade long wars in Iraq and Afghanistan didn't need to buy their own weapons, procure their own transportation to the warzone, buy their own meals, and when they were injured, pay for their own medical treatment. Indeed, these fruitless wars built openly on categorically false premises, were subsidized by trillions of dollars from American tax payers despite the wars having no public support. Since these two fruitless wars sold upon a pack of lies, the United States has conducted combat operations in Libya, Syria, Yemen, Somalia, Uganda, inside Pakistan, Mali, and covertly in Iran. Again, subsidized by trillions of tax payer dollars.

For unpopular wars fought upon false premises, sold by practiced liars across the corporate media, there seems to be an endless torrent of cash. In turn, this money doesn't simply go into a fiscal blackhole. Instead, it ends up in the profit margins of Fortune 500 corporations, from the big-defense contractors arming and supplying military operations, to big-oil and construction contractors building in the wake of these operations. It is a well understood racket that casts a dark shadow on Western society and has very real implications for modern human civilization.

Imagine if these trillions instead went somewhere else. Imagine if cancer research and treatment was subsidized with the same impetus as wars of profit. Imagine if improving education, infrastructure, and the means by which we could accelerate medical research and development and thereby reduce the disparity between supply and demand was done with the same fervor we pursue wars abroad. More

 

 

 

 

Tuesday, November 20, 2012

The bailout of the 99% by the 99%

Why should the 1% get all the bailouts? Now, an Occupy Wall Street offshoot has launched an exciting project called Rolling Jubilee that lets you turn a little cash into a helping hand for folks who deserve it a lot more than Bank of America does.

Here's the deal. Jubilee is an ancient biblical tradition in which, periodically, debts were forgiven, slaves were freed and slates were wiped clean. It was a time for starting afresh, of renewal. Now, Rolling Jubilee takes that concept to a new level. According to their website, it works like this:

Banks sell debt for pennies on the dollar on a shadowy speculative market of debt buyers who then turn around and try to collect the full amount from debtors. The Rolling Jubilee intervenes by buying debt, keeping it out of the hands of collectors, and then abolishing it. We’re going into this market not to make a profit but to help each other out and highlight how the predatory debt system affects our families and communities. Think of it as a bailout of the 99% by the 99%.

Millions of working people are still haunted by the debt they ran up while trying to stay afloat during the Great Recession. And while the government doled out hundreds of billions of dollars to big corporations and too-big-to-fail banks, normal folks have been pretty much left to fend for themselves.

By wiping out this debt, Rolling Jubilee spares thousands of hard-pressed people the agonies of getting pursued by aggressive collection agencies, many of whom use abusive, illegal practices to try and extract money from people who might be struggling to get back on their feet after losing a job, falling ill or other personal disasters.

So far, Rolling Jubilee says it's collected nearly $300,000 in donations, enough to extinguish more than $5m in debt. The group hopes to grow a broad debt resistance movement – and help build a non-exploitative economy that works for everybody.

Learn more: This trailer for the documentary film Maxed Out features professor (now, newly elected US senator) Elizabeth Warren explaining the predatory practices of banks and credit card companies. Then, if that doesn't make you angry enough, check out this ABC News expose of outrageous practices in the collections industry. More