History of the Corporatization of American Medicine: The Market Paradigm Reigns

Economic systems have been analyzed and debated by economists and governmental leaders for centuries. Historically, economic systems have been assessed by the products and techniques of production and how they are distributed, today with capitalism predominant and with mounting inequality within every society. Under global capitalism, ownership of land and productive capital is chiefly in private hands, with the role of the state fiercely debated with continual attempts seeking to restrain its oversight. Social justice in more liberal advanced societies has been championed over time, but the rise of finance capital and its presence in corporate-dominated economies has emerged with a massive concentration of ownership in almost every sector of the American economy. With its tendency toward managerial and administrative quantifications to fix existing flaws in the system, neoclassical economics has prevailed; few alternative or opposing perspectives rarely get debated. Thus, the overall structure is taken as a given and immutable. Global efforts toward privatization and monopolization mark the current stage of development.