Posted at Hartmann Report on Apr. 14, 2023
Are We at Peak Commodification of Humanity?
If our republic is to be successful and Americans are to have decent lives, we must stop the commodification of America’s commons and turn power over life’s essentials to We The People.
Americans used to understand the difference between private and public, between what government should regulate or even administer, and what is appropriately left in the private marketplace.
Ever since the Reagan Revolution, however — as I lay out in The Hidden History of Neoliberalism: How Reaganism Gutted America — even our very lives have become fodder for the buzzsaw of unrestrained raw capitalism controlled by the morbidly rich.
Last week, the nation learned that it’s become a routine practice in the assisted living industry to drain elderly people of their entire life’s savings and then, when Medicaid kicks in at a slightly lower payment level to cover their costs, evict them onto the street.