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“Capitalist governments treat the health of people as a cost and not as a fundamental right” — Muhammed Shabeer

Summary:
The tragic situation in Italy depicts the insufficiency of the public health system to manage an extensive crisis. This is not an unexpected phenomenon. The capitalist system and its governments all over the world treat healthcare for the public as a cost that can only be provided at a basic level. The development of a high-level public health system needs a high percentage of funding from the government and bumps the profits of the capitalists. Furthermore, the example of Italy highlights the contradiction between the need for preserving the public health system alongside the profits of the big businesses. Social distancing is prescribed, but, at the same time, conventional working of the factories and overcrowded public transportation for the workers lead to a high possibility of the

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The tragic situation in Italy depicts the insufficiency of the public health system to manage an extensive crisis. This is not an unexpected phenomenon. The capitalist system and its governments all over the world treat healthcare for the public as a cost that can only be provided at a basic level. The development of a high-level public health system needs a high percentage of funding from the government and bumps the profits of the capitalists. Furthermore, the example of Italy highlights the contradiction between the need for preserving the public health system alongside the profits of the big businesses. Social distancing is prescribed, but, at the same time, conventional working of the factories and overcrowded public transportation for the workers lead to a high possibility of the spread of the virus....
Public purpose or — profits?

Peoples Dispatch
“Capitalist governments treat the health of people as a cost and not as a fundamental right”
Muhammed Shabeer

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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