the visible hand

it is the theory which decides what can be observed – einstein

US fails to measure up….

Posted by ecoshift on August 6, 2008

Of course anyone dealing with a health insurance company or sitting on a local school board will already have a good idea how this has come about. It seems that taxes levied to support the health and intellectual capacity of our work force are considered a drag on business performance. But, subsidizing and bailing out major corporations and financial institutions is considered an incentive that will promote economic well-being. Any guesses on how long before we sink to 12th on the economic index?

Development: US fails to measure up on ‘human index’ | World news | The Guardian
· Nation slumps from 2nd to 12th in global table
· Richest fifth take home $168,000, poorest $11,000

* Ashley Seager
* The Guardian,
* Thursday July 17 2008
* Article history

Despite spending $230m (£115m) an hour on healthcare, Americans live shorter lives than citizens of almost every other developed country. And while it has the second-highest income per head in the world, the United States ranks 42nd in terms of life expectancy.

These are some of the startling conclusions from a major new report which attempts to explain why the world’s number-one economy has slipped to 12th place – from 2nd in 1990- in terms of human development.

The American Human Development Report, which applies rankings of health, education and income to the US, paints a surprising picture of a country that spends well over $5bn each day on healthcare – more per person than any other country.

The report, Measure of America, was funded by Oxfam America, the Conrad Hilton Foundation and the Rockefeller Foundation. It shows each of the 11 countries that rank higher than the US in human development has a lower per-capita income.

Those countries score better on the health and knowledge indices that make up the overall human development index (HDI), which is calculated each year by the United Nations Development Programme.

And each has achieved better outcomes in areas such as infant mortality and longevity, with less spending per head.

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