91–100 of 270 posts
As I recall during the whole thing the news was non-stop about how it was related to broad-based inflation, chicken culling for avian flu, etc. Seems like all that was a lie, or at least merely a half-truth.
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Again, no. If some drug company killed a single person with a weird side effect that they buried, do you think it'll be discovered, much less prosecuted? The Sacklers got prosecuted because the opiod epidemic was huge, not because they passed some magical threshold so it's magically fine.
But you can deny life saving treatments if you are a health insurance company
It's so fun how corporations are protected from individual liability but also their money is treated a speech.
>It's so fun how corporations are protected from individual liability They're not. If you hire a hitman through a corporation it doesn't magically become legal.
The internal investigation has determined that our CEO had no knowledge of this, and that the bloody pig mask was all the idea of the people who make less money, and also we fired the CEO for unrelated reasons.
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"naked conspiracy to manipulate the price of eggs from 2022-2025. " Who was in charge during this time period?
2 consecutive pro-corruption governments
This is versus and administration that is aggressively doing no-bid contract to family and friends, complete disregard for the emoluments clause of the constitution, etc.
Note: the nature of a 2-party system, along with laissez-faire campaign finance laws, is practically designed for legislative corruption. Unfortunately the only people who can change it are the ones who profit from it.
Earlier quoted context omitted.
But you can deny life saving treatments if you are a health insurance company
That's their job? It's not even limited to private insurance companies. Public health systems have lists of what is considered good value for money too, even if the treatments themselves are theoretically life saving. The US is the biggest market for new and rare drugs specifically because other countries consider the prices too high.
I mean you're the one who brought up hitmen. What's their job?
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Sort of True-ish. There are lots of different kinds of ownership. Ownership with little to no say in how things are run to ownership with basically all the control. If you are an owner with all the control, i.e. you are on the board or in corporate leadership(CEO/CFO/etc), then hey guess what,there is a really great cell here at the local prison just waiting for you, depending on how involved you were. If you are an…
I think to state it succinctly, the thing I was thinking was: " the people that make the bad decisions should bear the consequences ".
Earlier quoted context omitted.
That's their job? It's not even limited to private insurance companies. Public health systems have lists of what is considered good value for money too, even if the treatments themselves are theoretically life saving. The US is the biggest market for new and rare drugs specifically because other countries consider the prices too high.
>That's their job? I mean you're the one who brought up hitmen. What's their job?
Wow, well I have egg on my face. I have frequently used this as an example of the "oh so the egg guys got greedy and then got saintly" to parody the idea that price is primarily determined by greed. Welp! Now to see if I can eke out some pride by finding out what percentage of the price fluctuations was due to coordination. > During the 2024 campaign, when Kamala Harris meekly suggested price gouging to tame inflatio…
Price is usually determined by producer greed because producer greed causes prices to consistently be set as high as possible. This is usually constrained by market competition, which limits how high they can be set. In rare cases, prices are set low by consumer greed.
A high price has a direct cause: the person in charge of setting prices set a high price. A little less direct: that person is incentivized to set prices as high as they can. Much less direct: there are currently few competitors due to avian flu; we have one of very few chip fabs that can make the widgets; our customers are locked in; our customers signed contracts allowing us to raise prices but forbidding them from cancelling when we do. Greed is always one of the more direct causes of high prices. The fact that capitalist markets use greed as an integral part of their normal functioning does not change this fact.
I did not realize the egg crisis was found to be price fixing operation. As I recall during the whole thing the news was non-stop about how it was related to broad-based inflation, chicken culling for avian flu, etc. Seems like all that was a lie, or at least merely a half-truth.
The consolidation of food production in the US is a risk to us all.
Earlier quoted context omitted.
>It's so fun how corporations are protected from individual liability They're not. If you hire a hitman through a corporation it doesn't magically become legal.
It does permit something individuals don’t have: the internal investigation. The internal investigation has determined that our CEO had no knowledge of this, and that the bloody pig mask was all the idea of the people who make less money, and also we fired the CEO for unrelated reasons.
That's exactly how the criminal justice system should work? If you can't prove a particular person is responsible, you don't have a case. That's exactly why they prosecuted the company as a whole instead, because easier to prove the company as a whole did something, rather than a specific person.