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Jan Steinman's avatar

"Healthcare is about making money."

Some decades ago, I had been putting my savings in a "socially responsible" mutual fund. I trusted them to define "socially responsible."

Then, I paid attention to one of the things they sent me that I usually put right into recycling; it was a statement of their investments.

Some 40% of their holdings were in the health care industry. I was profiting from the pain and suffering of others.

I soon divested of the stock market completely.

Sometimes, that hurts a bit when I hear of the stock market reaching record after record. But I remind myself that is groupthink; my strategy these days is the opposite of the "American Dream": I strive to earn and spend as little as necessary for a modicum of comfort.

"Those other places in Europe, Canada, and Asia, that are envious of America, have better health, better education, and happier populations."

I question the major premise. That seems to be a uniquely American point-of-view.

Soon after my "aha moment" outlined above, I emigrated to Canada, thinking, "Things can't get much worse!" That was 2004 — boy, was *I* wrong!

I don't know of *any* fellow Canadians who are "envious" of the US! I have European friends; *none* of them are "envious" of the US!

So that's something that is only in the heads of Americans.

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Nigel Southway's avatar

I want to respond to this as the main point… “Until America decides prosperity is well-being and not just money, we won’t address the environmental degradation that threatens our civilization.”

Their will always be work to do on this subject of prosperity but on balance in even one generation as a western society we have come a long way on many things and fell back on others.

In terms of the environment, we have cleaner water air and land even though we have industrialized significantly.

Although we have just as much diversity of wealth the average citizen is better off, but its agreed not as much as they should be as they have not shared in the massive productivity improvements as we have lost the balance between capital and labor due to globalization and this has also allowed wealth to be transferred from the west to the rest.

Deaths due to social safety and climate has dropped due to technology.

The fancy word for improving our reliance on “capitalistic growth” is “Sustainability” that talks about the circular economy and finding ways to rebalance “needs with wants” for physical items also made worse by a throw away social trend.

You need to explain what you mean by “environmental degradation” as so far its been a positive not a negative.

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