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10 hours ago, R011 said:

Not watching a one hour video.  Got a summary?

I'll provide two points;

1) Shkreli's personality and outsized ego made him a perfect target for conviction in the court of public opinion;

2) In a highly regulated industry, everyone is a felon; those who get indicted failed to play the DC game.

 

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11 hours ago, Ssnake said:

If the invoked law is unjust, it may be legal, but sure as hell doesn't make it right.

Lawful evil vs Lawful Neutral vs Lawful Good. 

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11 hours ago, Josh said:

There were a lot of controls administered on corporations a century ago because they had a tendency to exploit people horribly in monopoly. Those kinds of restrictions on the free market seemed to poll well. Insulin is now produced by exactly one company in the U.S. as I understand it, and it is sold at much greater cost to the consumer as a result, is my understanding. I do not see how that is either market driven or in the public good.

And how does ONE company control the entire market? 

Do they do so with the acceptance and aid of the federal government? When you have laws that allow and encourage rent seeking how exactly do you think things will shake out? 

11 hours ago, Josh said:

But insulin users are disproportionately red voters as I understand it, so hey, eventually people will vote against this practice given enough mortality.

Yeah. There are no overweight Blue Voters. They're all super fit and none of them are behind the fat positivity movement.

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11 hours ago, Josh said:

I guess it doesn’t matter until kills someone you know.

You mean it doesn't matter if the government ALLOWS someone to be killed? 

The government is good at killing people all the time with too much regulation. But your appeal to emotion still doesn't address the key issue of too much reulation and control contriving to make it easy for regulatory capture. 

Large corporations can either:
Get laws crafted that favor their particular company...
Or they can get laws crafted that don't bother their size of company but are beyond impossible for smaller competitors to have any hope of profitability. 

In both cases you have too much government. 

If the government allows patents to extend for decades how is this helping? Patents should last for the original time span. IP protections like copy right should too. We should not have an example of a Derivative art example that had a copyright that was longer duration than the original it was derived from. 

 

https://en.wikipedia.org/wiki/Steamboat_Willie
Prior to its entrance into the public domain, the film had been the center of a variety of controversies regarding copyright. Its copyright was extended by multiple acts of the United States Congress. Since the copyright was filed in 1928 three days after its initial release,[33]it was extended for over half a century.[34]

Steamboat Willie could have entered the public domain in four different years: first in 1955,[35] at which point it was renewed to 1986,[36] then extended to 2003 by the Copyright Act of 1976,[37]and finally to 2023 by the Copyright Term Extension Act of 1998 (also known pejoratively as the "Mickey Mouse Protection Act").[38] It has been claimed that these extensions were a response by Congress to extensive lobbying by The Walt Disney Company.[39]


 

 

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3 hours ago, Ivanhoe said:

 

2) In a highly regulated industry, everyone is a felon; those who get indicted failed to play the DC game.

 

Perhaps, but other "felons" were smart enough to keep their pricing to a level people could accept rather than make a medication vital for its users unaffordable and, unlike Shkreli, managed to stay within the bounds of the law.

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3 hours ago, rmgill said:

And how does ONE company control the entire market? 

Some drugs have such a low number of users that the market can only support one maker. 

Many of these drugs are "Orphan Drugs" because so few people use them

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30 minutes ago, 17thfabn said:

Some drugs have such a low number of users that the market can only support one maker. 

Many of these drugs are "Orphan Drugs" because so few people use them

Not Insulin, not Epinephrine.

Quote

EpiPen maker to pay $264 million to settle lawsuit

The proposed settlement would resolve litigation that began following public outrage in 2016 over Mylan’s decision to raise the list price for a pair of EpiPen to $600 from $100 in 2008.

(...)

 

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30 minutes ago, 17thfabn said:

Some drugs have such a low number of users that the market can only support one maker. 

Many of these drugs are "Orphan Drugs" because so few people use them

Perhaps the answer then is to not research, develope, manufacture, and market the drugs therefore avoiding the risk, and wrath, of "price gouging."  

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4 hours ago, DKTanker said:

Perhaps the answer then is to not research, develope, manufacture, and market the drugs therefore avoiding the risk, and wrath, of "price gouging."  

Or not raising the price of a drug by 5000 percent when there was already a healthy, but not ridiculous markup.  Do note that this guy did not do the expensive R&D part.  That was done by the previous rights holder who sold the drug for 1/50 the price.

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Posted (edited)

Such an act is easily sorted by competition. Why was competition impossible?

 

Oh,look, rioting at the DNC convention by liberals. Why am I not surprised? 

 

Edited by rmgill
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1 hour ago, Stargrunt6 said:

L E T S  G O O O O O

 

 

 

 

Tonight's episode of "Jeopardy" is being preempted for this???

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2 hours ago, Stargrunt6 said:

L E T S  G O O O O O

 

 

 

Gawd... the constant levels of BS being thrown out on an hourly basis.

You can find similar pics from the RNC.  Simply a small crowd during a low-key moment.  The place was packed and roaring for the main evening events (just like the RNC).

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3 hours ago, Stargrunt6 said:

L E T S  G O O O O O

 

 

 

Hiring so many extras for each event does cost money. The whole campaign is fake. All people voicing support are paid actors.

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6 hours ago, rmgill said:

Oh,look, rioting at the DNC convention by liberals. Why am I not surprised? 

Pushing left the Overton window, one brick at a time?

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More like breaking the Overton window and smashing the frame and surrounding wall. 

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To the left, always to the left.

Thus, the tame media could make appear as moderate something that was crazy radical year ago.

Edited by sunday
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If the Californian electoral system was not so robust, and reliable regarding voter identification, then this could have been a mite suspicious

 

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