I don not doubt that Waldman accurately summarizes the thoughts of a large portion of the very wealthy, but that does not stop the whole approach from being basically sociopathic. It is highly likely that, using a social approach, better insurance could be had that would provide for the whole society. This sort of thinking largely precludes such an approach.

And the idea that money cannot be economically dormant is absurd. Once again an ought is asserted as a fact - one of the mainstream's favorite bits of rhetoric.

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