Time for a shift in thinking on economy

I worked in the health care industry for over 40 years. When an error occurred, the nurse was usually blamed. By the 90s there was a paradigm shift. Shifting from blaming the nurse to understanding failed systems in delivering health care. It was recognized, “people working in health care are among the most educated and dedicated workforce in any industry.” However, “To Err is Human.” Hospitals and other health care delivery systems had to change. Today, root cause of errors are looked at rather than individuals involved. Systems changed and continue to do so today increasing the safety for patients.

Currently government wrestles with our economic system. Oh, we know who to blame, those “conservative heart-less Republican corporate hacks.” “No No, its the liberal bleeding-heart Democrats and their Socialist/Communist leader in the White House.” There is plenty of blame to go around. But we have forgotten “To Err is Human.” Like health care our economic system must evolve. From a system of blaming people to a system that protects people with safeguards. What our founders called checks and balances. In health care, it was not new laws but systems with built-in safeguards.

Economics is not a perfect science. It is just like political science, a social science. There are no all-knowing individuals with all the answers in economics. Only systems that need to be developed for protections against the failed human condition. We are at a pivotal point in human history. We can continue to travel the road of blaming people or we can change the system safeguarding us from the nature of man. Anyone open for discussion?


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