---
title: "I’ll Turn Bullish When This Happens"
type: "post"
post_id: "33697"
slug: "ill-turn-bullish-when-this-happens"
canonical: "https://axisofeasy.com/oftwominds/ill-turn-bullish-when-this-happens/"
markdown_url: "https://axisofeasy.com/oftwominds/ill-turn-bullish-when-this-happens.md"
json_url: "https://axisofeasy.com/oftwominds/ill-turn-bullish-when-this-happens.json"
txt_url: "https://axisofeasy.com/oftwominds/ill-turn-bullish-when-this-happens.txt"
published: "2026-04-12T22:04:00+00:00"
modified: "2026-04-13T18:56:40+00:00"
author: "Charles Hugh Smith"
categories:
  - "Of Two Minds"
tags:
excerpt: "I will enthusiastically join the Bulls when we replace a guaranteed-to-bankrupt-us Sickcare system and we rebalance the extreme asymmetries of Capital and Labor."
site_name: ""
publisher: ""
language: "en-US"
license: ""
generator: "easyPress AI Discoverability"
generator_version: "2.0.14"
---
*I will enthusiastically join the Bulls when we replace a guaranteed-to-bankrupt-us Sickcare system and we rebalance the extreme asymmetries of Capital and Labor.*

**Being permanently bullish is profitable because “markets go up.”** This is more than enough reason to be permanently bullish, of course, but being persnickety, I prefer there actually being some economic basis for being bullish other than memes (markets go up, the Fed has our back, AI, super-abundance is all around us, etc.).

**Some things I consider super-bullish are impossible.** Two come to mind:

1\. We collectively conclude Waste isn’t “Growth” and start rewarding durability and repairability rather than *planned obsolescence* and the *Everything is Disposable* Landfill Economy.

2\. Creating more “money” out of thin air isn’t actually a “solution” to every problem.

But since these two delusions are the foundation of the status quo economy / financial realm, replacing *the Waste is Growth landfill Economy* and *we print our way to prosperity* with a non-delusional alternative isn’t going to happen.

**So let’s turn to what’s a longshot but maybe, just maybe, possible** if a revolution of clear-eyed sanity sweeps the land and rationality replaces fantasy… OK, these are impossible, too.

**1. Sickcare is replaced by a sustainable, affordable system of healthcare that rewards health rather than profiting from illness, disease, needless procedures, outright fraud, legalized fraud, denials of claims, paper-shuffling, etc.** As I’ve noted for two decades, “healthcare” will bankrupt the nation all by itself.

[Bankruptcy U.S.A.: Medicare, Greed and Collapse](https://www.oftwominds.com/blogmar11/sickcare-will-bankrupt-US3-11.html) (July 5, 2006)

[A Partial Answer to National Health Care](https://www.oftwominds.com/blognov06/healthcare2.html) (November 11, 2006)

[Sickcare Will Bankrupt the Nation–And Soon](https://www.oftwominds.com/blogmar11/sickcare-will-bankrupt-US3-11.html) (March 21, 2011)

There are solutions, but they’re “impossible” because they would take away the bottomless federal feeding trough.

[The “Impossible” Healthcare Solution: Go Back to Cash](https://www.oftwominds.com/blogjuly09/healthcare07-09.html) (July 29, 2009)

**While we as a nation can sleepwalk into Sickcare-induced bankruptcy, private enterprises cannot go quietly off the fiscal cliff without some attempt at self-preservation.** Looking at $30,000 a year in healthcare insurance costs for family coverage of every full-time employee–costs that just keeping soaring higher–employers are quite rationally salivating at the prospect of slashing headcount with AI agents, gig workers with zero benefits / health coverage using AI agents, low-cost offshore workers using AI agents, etc.

**The entire Sickcare system has to be tossed in the dustbin of history so we can start over from scratch.** “Reforms” are just cover stories for adding more cash to the federal feeding trough for those managing the “reforms” through *the auction of political favors* of Congress.

*Fee for service* worked when it was the customer paying and employers paid insurance policies for low-cost hospital care at local community-owned hospitals, but that model was junked as absurdly unprofitable and replaced by Corporate America’s federally funded profit-harvester which chews through everything to maximize profits *by any means available*.

[Why Healthcare Is in a Death Spiral: Follow the Money](https://www.oftwominds.com/blogdec25/healthcare12-25.html) (December 1, 2025)

**It’s not that complicated, folks: either replace the current “healthcare” system or bankrupt the nation–and all the employers who don’t replace employees with no-healthcare-insurance AI agents.**
It really boils down to a simple choice: is “healthcare” just another profit-maximizing “opportunity” that’s maximized by buying political influence, corrupting “scientific research” and creating cartels so there is no competition left, or should healthcare be about fostering a *healthy way of living* at the lowest possible expense via common-sense incentives for healthcare institutions, caregivers, employers, patients and our economy and culture to do whatever can be done at low cost to foster health by avoiding preventable / lifestyle illnesses and diseases, starting by recognizing the adverse health consequences of designed-to-be-addictive ultra-processed foods, social media, AI and smartphones?

A modest profit and higher compensation to reward improved productivity / results are common-sense incentives. But what we have today is a system that incentivizes maximizing profits by any means available, regardless of consequences. That is not a healthy incentive system, that is pathological psychosis masquerading as a healthy incentive system. If we can no longer tell the difference between the two, we’re doomed to reap the consequences.

**Or shall we be “bullish” on the profitability of Sickcare because the federal feeding trough is unlimited?** That seems to be the consensus choice at the moment. That this is delusional is not a problem, because we *print our way to prosperity*. Uh, yeah, sure. And if that should fail–perish the thought–we can always borrow trillions of quatloos from the Central Bank of Mars.

![](https://www.oftwominds.com/photos2026/maternity-rates-1952a.png)

**The second more-or-less impossible change that would make me bullish is rebalancing the extreme asymmetry of *Capital and Labor* that favors Capital over Labor.** Capital is taxed at low rates, labor is taxed at high rates–and that’s just the start of the asymmetries favoring Capital over Labor.

**AI is shorthand for Capital.** So invest capital in AI, get rid of costly (taxpaying) employees, profits soar and the asymmetrical inequalities of wealth and power will skyrocket to new extremes.

Never mind robots aren’t consumers; because we *print our way to prosperity*, we’ll just print up a couple trillion dollars every few months to fund Universal Basic Income (UBI), so the millions of laid-off workers can stare at screens all day or write bad poetry and still buy, buy, buy to their heart’s content, generating Corporate profits that only go up, and a stock market that only goes up.

**Welcome to FantasyLand!**

![](https://www.oftwominds.com/photos2026/wealth-US8-25a.png)

**I will enthusiastically join the Bulls when we replace a guaranteed-to-bankrupt-us Sickcare system and we rebalance the extreme asymmetries of Capital and Labor.** If we have no incentive to do so because *markets go up* and *we print our way to prosperity*, then we’re inviting a reversal to extremes at the other end of the spectrum, where markets stop going up, Capital changes places with Labor and printing delivers ruin rather than prosperity.

*My book [Investing In Revolution](https://amzn.to/48qqggX) is available at a 10% discount ($18 for the paperback, $24 for the hardcover and $8.95 for the ebook edition).
[Introduction (free)](https://www.oftwominds.com/IIR-Intro2.pdf)*

*Check out my updated [Books and Films](https://www.oftwominds.com/books.html).*

 *[Become
a $3/month patron of my work via patreon.com](https://www.patreon.com/charleshughsmith)*

[Subscribe to my Substack for free](https://charleshughsmith.substack.com/)

---

*NOTE: Contributions/subscriptions are acknowledged in the order received. Your name and email
remain confidential and will not be given to any other individual, company or agency.*

***Thank you, John D. ($100), for your ourageously generous subscription
to this site — I am greatly honored by your steadfast support and readership.*** ***Thank you, David E. ($100), for your ourageously generous subscription
to this site — I am greatly honored by your steadfast support and readership.*** ***Thank you, Michael D. ($150) for your beyond-outrageously generous subscription
to this site — I am greatly honored by your steadfast support and readership.*** ***Thank you, Maury W. ($7/month) for your fantastically generous subscription
to this site — I am greatly honored by your support and readership.*** Go to my main site at www.oftwominds.com/blog.html
for the full posts and archives.