Re: Moore’s Sicko Analysis
On Jul 20, 2007, at 6:42 PM, Auguste Blanqui wrote:
I brought the Ford/GM issue up at the Left Forum panel on health
insurance, and someone in the audience said that big business doesn’t want NHI
because of interlocking capital. The guy said that Ford/GM/et. al have
investments in funds that invest in insurance companies (or direct stock) or
sit on boards of such companies. Probably true, but would be interesting
to see the extent and then explore how it affects big employers’ lobbying.
I’m skeptical of this. Ford and GM are not quite at death’s door, but
they’re definitely somewhere on the approach road. One or two board
memberships in common and a portion of the pension portfolio wouldn’t
be enough to outweigh the survival instinct. I just looked at the
Ford board and there’s not a single interlock with an insurance
company. The CEO of Nokia, which is based in a social democracy, is
on the board.
Doug