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European Tribune - EROI, ROIIC and The Collapse of Complex Societies
Health care is a prime example. Eradicating infectious disease provided a huge return in societal benefit on a rather small investment. Now society is paying huge costs for "lifestyle" drugs and our "war on cancer", while showing results, provides nowhere near as high a return on investment as did the development of the original antibiotics.

We are even destroying the effectiveness of antibiotics by over-use. Read recently a critique of the system of medicine financing in that it rewards (by patents) research and then maximising sells over 25 years (which we all pay for through insurances and taxes). Destroying the common value by privatising the gains from it. When it comes to new antibiotics we would like to pay for new ones and keeping usage down to a minimum in order to maximise the value.

I think it is less about not being willing to accept death, and more about directing the medical resources to keep the wealthiest and most powerful alive as long as possible, while giving the largest profits to the rich and powerful and thus sustaining their power.

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Mon Dec 13th, 2010 at 05:04:21 AM EST
From Polyani's point of view this follows from the fact that the control of the society has fallen to those who want to make the society serve the needs of the economy. They define the "needs of the economy" as 18% returns for the financial sector, which controls the economy and the society. They have already thrown high wage manufacturing in the USA and UK into the financialization machine to sustain their profit margin. This will continue until, like the Elbonians in Scott Adam's Dilbert, they have sold off the crust on which they live down to magma and have to emigrate, or they are removed from power.

The Neo-Liberal agenda really has no agenda other than return on investment for the elite. This, as Polanyi described, is inherently destructive of the society in which it operates. It has been operating longest in the UK and the USA, so the damage is greatest there.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Dec 13th, 2010 at 10:24:41 AM EST
[ Parent ]
I think it is less about not being willing to accept death, and more about directing the medical resources to keep the wealthiest and most powerful alive as long as possible, while giving the largest profits to the rich and powerful and thus sustaining their power.

Agreed, but the inability of the mass of the population to deal rationally with death provides the elite with an easy means to confound any discussion of their own role in perpetuating this situation. Just trot out "Life is sacred".

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Dec 13th, 2010 at 10:54:22 AM EST
[ Parent ]

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