How can this be legal?
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What does this have to do with "capitalism"? People hiding their ill-gotten assets is hardly a unique characteristic of capitalism.
Purdue Pharma files for bankruptcy with $10B plan to settle claims
151–160 of 196 posts
Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims
#152Earlier quoted context omitted.
I bet we could easily figure out where they live.
How about we stay away from nasty mob tactics?
I'm suggesting we launch a mental warfare campaign on the guilty.
The system is bought by folks like these. If you think the system will punish them, then I suggest taking a look at precedence for folks like them. It's not in the favor of the general public.
Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims
#153Earlier quoted context omitted.
Then noone would invest. Don't forget that often "shareholders" are index funds, pensioners, school endowments... No, the correct solution already exists - the criminal justice system going after criminals that did crime - it just doesn't work very well (especially when criminals are rich - e.g. Epstein - no need for "limited liability company").
there are so many ways a huge corp can commit crimes while individuals can all use the "plausible deniability" card. also often the crime is committed by the company as a whole, while no individual did something wrong. > Then noone would invest. i disagree, you just only invest in ethically sound endeavours. and thats exactly what im trying to achieve by my suggestions. starve bad-business from investment and/or peop…
How is any investor supposed to be able to do any level of research approaching that depth, much less a college kid or your grandparents?
"Sorry Grandpa, I know you thought that company was on the up and up, but we're gonna have to take your retirement."
Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims
#154I have a high level question; a lot of want to legalize drugs. Ending the war on drugs and all that. This is a drug that was legal and a lot of people got on it and now we're angry. Why? I don't like that people got hurt. I also recognize that bad drugs are bad. But I can't find a way out of "tell people drugs are bad and they have to make their own choices." Is the problem here the doctors told them the bad drugs were good drugs?
Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims
#155I have a high level question; a lot of want to legalize drugs. Ending the war on drugs and all that. This is a drug that was legal and a lot of people got on it and now we're angry. Why? I don't like that people got hurt. I also recognize that bad drugs are bad. But I can't find a way out of "tell people drugs are bad and they have to make their own choices." Is the problem here the doctors told them the bad drugs we…
Problem here is that doctors pushed highly addictive painkillers on anyone and anything, while Purdue did everything they could to increase sales and disguise the risks associated with opioids.
Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims
#156I have a high level question; a lot of want to legalize drugs. Ending the war on drugs and all that. This is a drug that was legal and a lot of people got on it and now we're angry. Why? I don't like that people got hurt. I also recognize that bad drugs are bad. But I can't find a way out of "tell people drugs are bad and they have to make their own choices." Is the problem here the doctors told them the bad drugs we…
Yes, and in some cases actively pushed them, as did the manufacturers.
Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims
#157I have a high level question; a lot of want to legalize drugs. Ending the war on drugs and all that. This is a drug that was legal and a lot of people got on it and now we're angry. Why? I don't like that people got hurt. I also recognize that bad drugs are bad. But I can't find a way out of "tell people drugs are bad and they have to make their own choices." Is the problem here the doctors told them the bad drugs we…
OxyContin isn’t a bad drug, it’s a highly addictive drug and the company knew it was highly addictive & not only didn’t do enough due diligence to make sure prescribers didn’t over prescribe it but also intentionally encourage that behavior which has led to an epidemic.
However, food for thought on that same subject is the over prescribing of amoxicillin and other similar class of drugs for viruses. The doctor is operating a business and his/her clients want a solution to their problem, so they write a script as they want to keep their customer happy and it “can’t be too bad”.
There’s a case to be made that a certain amount of immediate gratification expected on the part of the consumer is a large contributing factor to overprescribing in general.
However, in this case, Purdue was very much in the wrong and should not have been encouraging over prescription of a highly addictive drug.
Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims
#158I have a high level question; a lot of want to legalize drugs. Ending the war on drugs and all that. This is a drug that was legal and a lot of people got on it and now we're angry. Why? I don't like that people got hurt. I also recognize that bad drugs are bad. But I can't find a way out of "tell people drugs are bad and they have to make their own choices." Is the problem here the doctors told them the bad drugs we…
Much of the legality argument for drugs stems from not punishing the user. Nobody is really interested in protecting the dealer. Manufacturing, selling, and marketing highly addictive substances at the cost of society isn't where people are interested in relaxing laws. Purdue (and others) have been operating as legal cartels. Shutting them down is a net benefit to society.
Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims
#159I have a high level question; a lot of want to legalize drugs. Ending the war on drugs and all that. This is a drug that was legal and a lot of people got on it and now we're angry. Why? I don't like that people got hurt. I also recognize that bad drugs are bad. But I can't find a way out of "tell people drugs are bad and they have to make their own choices." Is the problem here the doctors told them the bad drugs we…
> a lot of want to legalize drugs. Ending the war on drugs and all that
There are a lot of different drugs. You can't lump them all together!
Re: Purdue Pharma files for bankruptcy with $10B plan to settle claims
#160Earlier quoted context omitted.
How many of those people started on prescription opiates?
Tl;dr: About 80% of heroin users started on prescription opioids. This sounds bad, but actually the conversion rate from opioid on-label use to abuse is pretty low and the conversion from pill abuse to heroin is even lower. * Rate of conversion from on-label opioid prescription to addiction ("opioid use disorder") is lowish; this metastudy[1] claims 8-12% on average, but the 95% CI is anywhere from 3-17% and I'm not…
> * Rate of conversion from on-label opioid prescription to addiction
And there we already have a problem. Off-label prescribing of opioids are a huge problem.
They’re really not supposed to be used so frequently for chronic non-cancer pain, but they’re used all the time for it.
And that’s a much bigger market than chronic cancer pain patients, because of life expectancy.
Cancer will often kill you, your back pain won’t.