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The Social Determinants Of Death — Alan Weil

Summary:
The health care industry is a major contributor to the problem systemically. Many of the most serious problems are institutional and cultural. A reading of the article shows that the culprit is "capitalism" understood as favoring capital accumulation. This results from asymmetrical power. The consequence is bias against social purpose. For example, the assumption that firms are operated to maximize "shareholder value rather than stakeholder value results in prioritizing efficiency and "cost-effectiveness" (relative to management compensation and the bottom line) over stakeholder value, whereas the entire society is the major stakeholder in its health care delivery system.Health AffairsThe Social Determinants Of DeathAlan Weil

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The health care industry is a major contributor to the problem systemically. Many of the most serious problems are institutional and cultural.

A reading of the article shows that the culprit is "capitalism" understood as favoring capital accumulation. This results from asymmetrical power. The consequence is bias against social purpose.

For example, the assumption that firms are operated to maximize "shareholder value rather than stakeholder value results in prioritizing efficiency and "cost-effectiveness" (relative to management compensation and the bottom line) over stakeholder value, whereas the entire society is the major stakeholder in its health care delivery system.

Health Affairs
The Social Determinants Of Death
Alan Weil

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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