Mmm, then they wouldn't have had the money to buy back their shares to boost the stock price. So no, your ideas would not pass muster at a board meeting.
The problem with free markets is they are incredibly unstable and create booms and busts and people don't like this so we get the worst of all worlds which is unfettered capitalism and no competition or failure weeding out poorly managed companies. Maybe free markets are just a shitty ideal?
Obamacare really fucked up the health insurance market. Open enrollment is because of Obamacare. Obamacare was written by the insurance lobby. They created a porous law and likely already had ideas to exploit it before it passed. And they have. It has been an incredible boon to them and Americans have suffered. Healthcare was NOT this expensive before Obamacare and insurance wasn't this complicated and was more affordable too.
Obamacare is the biggest piece of regulatory capture in our lifetime, and in a time of rampant regulatory capture, that's saying a lot. It also showcases why our 2 party system is just broken. When the so called left option can produce such a broken capitalist piece of legislation.
Gen X is too small to matter. Millennials are stepping up and will compete with Boomers for a little while until they finally take over. Thing about Millennials though is that it is a very K shaped generation. About half have had decent success and are conservative/liberal and the other half have been absolutely crushed so it's kind of a mixed bag and as long as the Boomers have any influence not much is likely to change. GenZ is bigger than Millennials though and should be right behind them. They are very different and much more politically radical, on both the left and right. Things are likely to change with them.
@Rookwood
@lemmy.world