Wednesday, June 26, 2013

PERM Fake Job Ads Defraud Americans



If one doubts the validity of this flick, NPR did a story on this phenomena, here. The US is a country that fosters perverse incentives to harm Americans. We need schools and hospitals, not foreign wars and H-1B visas. 

Tuesday, June 11, 2013

The (Un-)Affordable Care Act and The Commonwealth of Massachusetts


By Gene Ogorodov

In the beginning of May Gov. Deval Patrick signed legislation that would bring Mass Care into accordance with the Federal Government's Affordable Care Act. This will fundamentally change Mass Care making insurance more expensive for residents of Massachusetts and increasing the tax burden required to fund the plan. With a vote and the stroke of a pen the Governor and the General Court have set in motion the forces that will transfer hundreds of thousands of recipients of subsidized health care into the outstretched arms of insurance companies along with our public coffers too.

The math that demonstrates the fiscal irresponsibility of subsidizing insurance companies rather than patients should be obvious to anyone that has ever opened an economics book. The movement of money to commodity to money (M—C—M') requires the second amount of money to be greater than the first, viz. (M'>M). If M'M there is no intrinsic motivation for the movement of goods or services, which in this case is Health Care. The magic little number (M'-M) which is the catalyst for transferring health care from health care providers to patients via insurance companies is called profit.

Monday, June 3, 2013

The American Empire 2.0

By Gene Ogorodov

On the Saturday, June 1, 2013 the New York Times published a book review by Julian Assange of The New Digital Age: Reshaping the Future of People, Nations, and Business by Eric Schmidt and Jared Cohen. Assange correctly denounces this technocratic manifesto as a sketch of an Orwellian dystopia that the American People and the World would be well advised to avoid. 

Far from bringing about unimaginable freedoms and more direct communication with government, a world where every scrap of data from every person is stored in some giant cloud sitting in Google's headquarters in Silicon Valley or being run through countless programs at the NSA can only lead one to "imagine Washington-backed Google Glasses strapped onto vacant human faces — forever."