Capitalism responds to the crisis

[pknopp]

So it never happened?

Deposition: Sackler embraced plan to conceal OxyContin’s strength - STAT

He is on record right up until the lawsuits claiming that opioids weren't addictive.

But greed is good, right?

In never-before-seen video, Richard Sackler defends Purdue - STAT

Not that you will listen to the testimony.

I will listen to facts

but not blatant anti capitalist rants

one drug company crossed the line not the entire drug industry of the capitalist system

Crossed the line? Where is this line? This is capitalism without any regulations on it, is it not? You avoided the question earlier. Capitalism is supply and demand, right? You have something many want, so you raise the prices. All perfectly in line with capitalism, right?

Pharmaceutical Company Mylan To Pay $30 Million Over EpiPen Scandal | Investor's Business Daily

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

Difference is.....we are talking about hospitals -- not some widget manufacturer paying for overpriced nuts and bolts -- we are talking about items that are used to save lives......

Just because it is something you can do, doesn't mean you should do......

In the case of Boeing -- they refused to do something because they felt maximizing profit was more important -- and hundreds and hundreds of people lost their lives.....

And since we have this habit of worshiping corporations --- it is most likely not a single person who made this decision at Boeing will face any jail time.....

But if a single mother lies on her foodstamp application so she can get $100 extra dollars in food stamps -- we gleefully demand for her to be locked up in prison and that all foodstamps now should be cut

Boeing is an enormous organization with a few bad people in key positions

But the alternative soviet style production method proved to be even worse

So those are the only choices? If you are stuck arguing hyperbole you have nothing to stand on.

Besides, those in charge were only putting shareholders needs first. Is that not how capitalism works?

 

[Mac-7]

I will listen to facts

but not blatant anti capitalist rants

one drug company crossed the line not the entire drug industry of the capitalist system

Crossed the line? Where is this line? This is capitalism without any regulations on it, is it not? You avoided the question earlier. Capitalism is supply and demand, right? You have something many want, so you raise the prices. All perfectly in line with capitalism, right?

Pharmaceutical Company Mylan To Pay $30 Million Over EpiPen Scandal | Investor's Business Daily

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

It isn't going to lure new producers because this is temporary. But as you note, what is happening is capitalism despite your attempt to deflect.

So you think the mask shortage will never be filled and the only solution is for government to dictate the price of masks?

I know better than that

It's an example of why we need regulation on capitalism. Just as the examples of the pharmaceutical companies do. I could point to DuPont poisoning the water supply as another example. Boeing was already pointed out. The list is long.

We have regulations of capitalism

but I think your viral hatred of private drug companies is very shortsighted

the private sector is the most innovative and productive as long as the incentive exists to make money

you want them to slave for you at cost and in that case you’ll get nothing

 

[pknopp]

Crossed the line? Where is this line? This is capitalism without any regulations on it, is it not? You avoided the question earlier. Capitalism is supply and demand, right? You have something many want, so you raise the prices. All perfectly in line with capitalism, right?

Pharmaceutical Company Mylan To Pay $30 Million Over EpiPen Scandal | Investor's Business Daily

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

It isn't going to lure new producers because this is temporary. But as you note, what is happening is capitalism despite your attempt to deflect.

So you think the mask shortage will never be filled and the only solution is for government to dictate the price of masks?

I know better than that

It's an example of why we need regulation on capitalism. Just as the examples of the pharmaceutical companies do. I could point to DuPont poisoning the water supply as another example. Boeing was already pointed out. The list is long.

We have regulations of capitalism
v
but I think your viral hatred of private drug companies is very shortsighted

Sorry, I do not understand why everyone does not hate what the companies I provided examples for have done.

Can you explain why you don't?

the private sector is the most innovative and productive as long as the incentive exists to make money

you want them to slave for you at cost and in that case you’ll get nothing

A large number of innovations were funded by the government.

 

[Biff_Poindexter]

Crossed the line? Where is this line? This is capitalism without any regulations on it, is it not? You avoided the question earlier. Capitalism is supply and demand, right? You have something many want, so you raise the prices. All perfectly in line with capitalism, right?

Pharmaceutical Company Mylan To Pay $30 Million Over EpiPen Scandal | Investor's Business Daily

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

It isn't going to lure new producers because this is temporary. But as you note, what is happening is capitalism despite your attempt to deflect.

So you think the mask shortage will never be filled and the only solution is for government to dictate the price of masks?

I know better than that

It's an example of why we need regulation on capitalism. Just as the examples of the pharmaceutical companies do. I could point to DuPont poisoning the water supply as another example. Boeing was already pointed out. The list is long.

We have regulations of capitalism

but I think your viral hatred of private drug companies is very shortsighted

the private sector is the most innovative and productive as long as the incentive exists to make money

you want them to slave for you at cost and in that case you’ll get nothing

Most Pharma companies are not in danger of going out of business because they charge $100 for a bottle of pills instead of $700.....

I just showed you how they are willing to pay billions out in settlements for shit they ALREADY KNEW was illegal....if they have billions to spare for paying out settlements, why not use that money to reduce their unit costs? Short answer...greed

 

[Gdjjr]

It's an example of why we need regulation on capitalism.

We have "regulation"- it's called tax brackets- forced tax payments- our monetary policy is keynesian (top down for a monarchy) infused with "regulated" tax brackets, and restrictions on trade with a borrow at the top, to spend from the top in a controlled (regulated) by lobbyist market financed by a central bank which controls (regulates) the cost of capital- it's also called "socialism" as it is centrally controlled (regulated)- though that too is a misnomer but the results can't be argued as everyone gets a piece of the pie as in; "from each according to his ability, to each according to his needs"- central control- when maligned by a terribly uninformed, or willfully ignorant media, I suspect the former and the latter, the ignorant sheeple fall right in line and whine and cry and decry the constitution which clearly states how money is to be "regulated" by the District of Criminals- coin and set the value thereof-
Good lord people- the ignorance (public education no doubt) is run amok- all they way to Britain!

 

[Mac-7]

I will listen to facts

but not blatant anti capitalist rants

one drug company crossed the line not the entire drug industry of the capitalist system

Crossed the line? Where is this line? This is capitalism without any regulations on it, is it not? You avoided the question earlier. Capitalism is supply and demand, right? You have something many want, so you raise the prices. All perfectly in line with capitalism, right?

Pharmaceutical Company Mylan To Pay $30 Million Over EpiPen Scandal | Investor's Business Daily

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

Difference is.....we are talking about hospitals -- not some widget manufacturer paying for overpriced nuts and bolts -- we are talking about items that are used to save lives......

Just because it is something you can do, doesn't mean you should do......

In the case of Boeing -- they refused to do something because they felt maximizing profit was more important -- and hundreds and hundreds of people lost their lives.....

And since we have this habit of worshiping corporations --- it is most likely not a single person who made this decision at Boeing will face any jail time.....

But if a single mother lies on her foodstamp application so she can get $100 extra dollars in food stamps -- we gleefully demand for her to be locked up in prison and that all foodstamps now should be cut

Boeing is an enormous organization with a few bad people in key positions

But the alternative soviet style production method proved to be even worse

So those are the only choices? If you are stuck arguing hyperbole you have nothing to stand on.

Besides, those in charge were only putting shareholders needs first. Is that not how capitalism works?

Yes

if employees within boeing acted improperly you either take them to task,

or nationalize the company and let government pinheads run it

 

[Gdjjr]

A large number of innovations were funded by the government.

No, they were funded by tax payers - top down control- you know, "trickle down" economics you hate-

 

[pknopp]

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

It isn't going to lure new producers because this is temporary. But as you note, what is happening is capitalism despite your attempt to deflect.

So you think the mask shortage will never be filled and the only solution is for government to dictate the price of masks?

I know better than that

It's an example of why we need regulation on capitalism. Just as the examples of the pharmaceutical companies do. I could point to DuPont poisoning the water supply as another example. Boeing was already pointed out. The list is long.

We have regulations of capitalism

but I think your viral hatred of private drug companies is very shortsighted

the private sector is the most innovative and productive as long as the incentive exists to make money

you want them to slave for you at cost and in that case you’ll get nothing

Most Pharma companies are not in danger of going out of business because they charge $100 for a bottle of pills instead of $700.....

I just showed you how they are willing to pay billions out in settlements for shit they ALREADY KNEW was illegal....if they have billions to spare for paying out settlements, why not use that money to reduce their unit costs? Short answer...greed

This is also a problem with the government and regulations and for some reason something no one wants to address either.

Business is fine with making 50 billion and then paying a 25 million dollar fine. This doesn't slow down until people start going to prison.

 

[pknopp]

Crossed the line? Where is this line? This is capitalism without any regulations on it, is it not? You avoided the question earlier. Capitalism is supply and demand, right? You have something many want, so you raise the prices. All perfectly in line with capitalism, right?

Pharmaceutical Company Mylan To Pay $30 Million Over EpiPen Scandal | Investor's Business Daily

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

Difference is.....we are talking about hospitals -- not some widget manufacturer paying for overpriced nuts and bolts -- we are talking about items that are used to save lives......

Just because it is something you can do, doesn't mean you should do......

In the case of Boeing -- they refused to do something because they felt maximizing profit was more important -- and hundreds and hundreds of people lost their lives.....

And since we have this habit of worshiping corporations --- it is most likely not a single person who made this decision at Boeing will face any jail time.....

But if a single mother lies on her foodstamp application so she can get $100 extra dollars in food stamps -- we gleefully demand for her to be locked up in prison and that all foodstamps now should be cut

Boeing is an enormous organization with a few bad people in key positions

But the alternative soviet style production method proved to be even worse

So those are the only choices? If you are stuck arguing hyperbole you have nothing to stand on.

Besides, those in charge were only putting shareholders needs first. Is that not how capitalism works?

Yes

if employees within boeing acted improperly you either take them to task,

or nationalize the company and let government pinheads run it

We have it on record that they mislead the FAA. They even joked about it. You'll note what I said above. Yes, this is a huge shortcoming in regulations and needs addressed. Nothing has been done to Boeing other than keep them grounded until they get done what they should have done to start with.

 

[Mac-7]

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

It isn't going to lure new producers because this is temporary. But as you note, what is happening is capitalism despite your attempt to deflect.

So you think the mask shortage will never be filled and the only solution is for government to dictate the price of masks?

I know better than that

It's an example of why we need regulation on capitalism. Just as the examples of the pharmaceutical companies do. I could point to DuPont poisoning the water supply as another example. Boeing was already pointed out. The list is long.

We have regulations of capitalism
v
but I think your viral hatred of private drug companies is very shortsighted

Sorry, I do not understand why everyone does not hate what the companies I provided examples for have done.

Can you explain why you don't?

the private sector is the most innovative and productive as long as the incentive exists to make money

you want them to slave for you at cost and in that case you’ll get nothing

A large number of innovations were funded by the government.

The difference is we hate some of the things drug companies did

but you hate the private drug companies themselves

 

[Mac-7]

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

Difference is.....we are talking about hospitals -- not some widget manufacturer paying for overpriced nuts and bolts -- we are talking about items that are used to save lives......

Just because it is something you can do, doesn't mean you should do......

In the case of Boeing -- they refused to do something because they felt maximizing profit was more important -- and hundreds and hundreds of people lost their lives.....

And since we have this habit of worshiping corporations --- it is most likely not a single person who made this decision at Boeing will face any jail time.....

But if a single mother lies on her foodstamp application so she can get $100 extra dollars in food stamps -- we gleefully demand for her to be locked up in prison and that all foodstamps now should be cut

Boeing is an enormous organization with a few bad people in key positions

But the alternative soviet style production method proved to be even worse

So those are the only choices? If you are stuck arguing hyperbole you have nothing to stand on.

Besides, those in charge were only putting shareholders needs first. Is that not how capitalism works?

Yes

if employees within boeing acted improperly you either take them to task,

or nationalize the company and let government pinheads run it

We have it on record that they mislead the FAA. They even joked about it. You'll note what I said above. Yes, this is a huge shortcoming in regulations and needs addressed. Nothing has been done to Boeing other than keep them grounded until they get done what they should have done to start with.

Keeping them grounded is not nothing

 

[pknopp]

A large number of innovations were funded by the government.

No, they were funded by tax payers - top down control- you know, "trickle down" economics you hate-

Arguably that is correct outside of the fact that we are 23 trillion in debt.

I've argued this before.

Trickle down works......as in many people have done very well working for Microsoft. They developed a product many need.

Trickle down does not work when practiced by the government.

 

[pknopp]

Difference is.....we are talking about hospitals -- not some widget manufacturer paying for overpriced nuts and bolts -- we are talking about items that are used to save lives......

Just because it is something you can do, doesn't mean you should do......

In the case of Boeing -- they refused to do something because they felt maximizing profit was more important -- and hundreds and hundreds of people lost their lives.....

And since we have this habit of worshiping corporations --- it is most likely not a single person who made this decision at Boeing will face any jail time.....

But if a single mother lies on her foodstamp application so she can get $100 extra dollars in food stamps -- we gleefully demand for her to be locked up in prison and that all foodstamps now should be cut

Boeing is an enormous organization with a few bad people in key positions

But the alternative soviet style production method proved to be even worse

So those are the only choices? If you are stuck arguing hyperbole you have nothing to stand on.

Besides, those in charge were only putting shareholders needs first. Is that not how capitalism works?

Yes

if employees within boeing acted improperly you either take them to task,

or nationalize the company and let government pinheads run it

We have it on record that they mislead the FAA. They even joked about it. You'll note what I said above. Yes, this is a huge shortcoming in regulations and needs addressed. Nothing has been done to Boeing other than keep them grounded until they get done what they should have done to start with.

Keeping them grounded is not nothing

Misleading the FAA is fraud. People should be going to prison.

 

[pknopp]

It isn't going to lure new producers because this is temporary. But as you note, what is happening is capitalism despite your attempt to deflect.

So you think the mask shortage will never be filled and the only solution is for government to dictate the price of masks?

I know better than that

It's an example of why we need regulation on capitalism. Just as the examples of the pharmaceutical companies do. I could point to DuPont poisoning the water supply as another example. Boeing was already pointed out. The list is long.

We have regulations of capitalism
v
but I think your viral hatred of private drug companies is very shortsighted

Sorry, I do not understand why everyone does not hate what the companies I provided examples for have done.

Can you explain why you don't?

the private sector is the most innovative and productive as long as the incentive exists to make money

you want them to slave for you at cost and in that case you’ll get nothing

A large number of innovations were funded by the government.

The difference is we hate some of the things drug companies did

but you hate the private drug companies themselves

LOL........I hate that you want to remove the regulations on them.

 

[Eric Arthur Blair]

$7 for a 58 cent mask.!! Are there no laws protecting the public from this sort of abuse ?

Gauging and hoarding exists in all societies, asshole! Grow up.

 

[Olde Europe]

Face mask supplier 'charging hospitals $7 for 58-cent masks' as coronavirus crisis escalates

$7 for a 58 cent mask.!! Are there no laws protecting the public from this sort of abuse ?

You didn't think the vultures would change their stripes, or did you?

Banks Pressure Health Care Firms to Raise Prices on Critical Drugs, Medical Supplies for Coronavirus
Lee Fang - March 19 2020, 7:03 p.m.

In recent weeks, investment bankers have pressed health care companies on the front lines of fighting the novel coronavirus, including drug firms developing experimental treatments and medical supply firms, to consider ways that they can profit from the crisis.

The media has mostly focused on individuals who have taken advantage of the market for now-scarce medical and hygiene supplies to hoard masks and hand sanitizer and resell them at higher prices. But the largest voices in the health care industry stand to gain from billions of dollars in emergency spending on the pandemic, as do the bankers and investors who invest in health care companies.​

 

[Biff_Poindexter]

$7 for a 58 cent mask.!! Are there no laws protecting the public from this sort of abuse ?

Gauging and hoarding exists in all societies, asshole! Grow up.

So does murder -- difference is --- people do (usually) serious prison time for murder....

 

[Dana7360]

Face mask supplier 'charging hospitals $7 for 58-cent masks' as coronavirus crisis escalates

$7 for a 58 cent mask.!! Are there no laws protecting the public from this sort of abuse ?

Yes there are but at the state level. Not the federal. At least not that I know of.

 

[Mac-7]

Of course capitalism has lines and regulations

Thanks for reminding me about supply and demand

as the article pointed out the hospital will pay $7 if that is the price

they dont want to but they can and will

which will lure new producers onto the market and create new supplies

soon the price will be down to .58 cents or even lower

because over production will drive the price of unsold masks below the break even point

It isn't going to lure new producers because this is temporary. But as you note, what is happening is capitalism despite your attempt to deflect.

So you think the mask shortage will never be filled and the only solution is for government to dictate the price of masks?

I know better than that

It's an example of why we need regulation on capitalism. Just as the examples of the pharmaceutical companies do. I could point to DuPont poisoning the water supply as another example. Boeing was already pointed out. The list is long.

We have regulations of capitalism

but I think your viral hatred of private drug companies is very shortsighted

the private sector is the most innovative and productive as long as the incentive exists to make money

you want them to slave for you at cost and in that case you’ll get nothing

Most Pharma companies are not in danger of going out of business because they charge $100 for a bottle of pills instead of $700.....

I just showed you how they are willing to pay billions out in settlements for shit they ALREADY KNEW was illegal....if they have billions to spare for paying out settlements, why not use that money to reduce their unit costs? Short answer...greed

We lead the world in new lifesaving drugs thanks to capitalism and private drug companies

yes, our government does help in basic research done at universities but that alone would not be enough

but all libs seem to care about is price

 

[pknopp]

It isn't going to lure new producers because this is temporary. But as you note, what is happening is capitalism despite your attempt to deflect.

So you think the mask shortage will never be filled and the only solution is for government to dictate the price of masks?

I know better than that

It's an example of why we need regulation on capitalism. Just as the examples of the pharmaceutical companies do. I could point to DuPont poisoning the water supply as another example. Boeing was already pointed out. The list is long.

We have regulations of capitalism

but I think your viral hatred of private drug companies is very shortsighted

the private sector is the most innovative and productive as long as the incentive exists to make money

you want them to slave for you at cost and in that case you’ll get nothing

Most Pharma companies are not in danger of going out of business because they charge $100 for a bottle of pills instead of $700.....

I just showed you how they are willing to pay billions out in settlements for shit they ALREADY KNEW was illegal....if they have billions to spare for paying out settlements, why not use that money to reduce their unit costs? Short answer...greed

We lead the world in new lifesaving drugs thanks to capitalism and private drug companies

yes, our government does help in basic research done at universities but that alone would not be enough

but all libs seem to care about is price

How Your Tax Dollars Are Subsidizing Drug Companies - Center for American Progress

Inside The Pharmaceutical Lobby's Campaign For More Government Subsidies Through Medicare Part D

Is this how capitalism works?