Big Pharma Says Drug Prices Reflect R&D Cost. Researchers Call BS
A new study finds no correlation between research and development spending and outlandish drug prices.
On why large corporations should not exist
- Thread starter johnbryanpeters
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AT&T to pay $23M fine for bribing powerful lawmaker’s ally in exchange for vote
AT&T said it's "committed to ensuring that this never happens again."
arstechnica.com
But market and my 401k!!!111!!11!!!
having worked in pharma, the big problem with the premise of these researchers/this article is that they assumed a 1:1 correlation between drug pricing and R&D costs. they falsely assumed that the pricing of a drug reflects the R&D for only that given drug. they ignored the fact that for every drug that does make it to market, their are hundreds more that don't. and the R&D costs for APIs that never hit the market has to come from somewhere.Big Pharma Says Drug Prices Reflect R&D Cost. Researchers Call BS
A new study finds no correlation between research and development spending and outlandish drug prices.www.wired.com
that's not to say that pricing on drugs isn't a problem (it is), but that's because our country allows medicine to operate on the free market like other businesses. if we had single payer this would be far, far less of an issue.
Single payer is how it works in NZ with Pharmac a central buying agency, the Pharmac system has it's faults but man does it lower the costs.
During the TPPA trade agreement negotiations the USA tried to get Pharmac style single payer outlawed under the trade agreement.
NZ kept Pharmac, but you can bet there will be more attempts to shut it down.
Intel’s Multi-Billion Bait And Switch
The chip manufacturer cheered on a $76 billion subsidy package for the industry, then announced capital spending cuts and mass layoffs while maintaining payouts to shareholders.
www.levernews.com
^Related^
That thing we all know but for some reason still happens because the numbers have commas
player.fm
That thing we all know but for some reason still happens because the numbers have commas
Silicon Valley is a Failure
<p>All of Silicon valleys promises are lies. The tech industry is a failure that has made life worse for virtually everyone.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
It's almost like we would need to attach some conditions to these subsidies.Intel’s Multi-Billion Bait And Switch
The chip manufacturer cheered on a $76 billion subsidy package for the industry, then announced capital spending cuts and mass layoffs while maintaining payouts to shareholders.
Oh well! Sounds hard.
Being poor is expensive. Today's ex., grocery store monopolies:
The only they are committed to is not getting caught next time.AT&T to pay $23M fine for bribing powerful lawmaker’s ally in exchange for vote
AT&T said it's "committed to ensuring that this never happens again."
"Drama over rising rent costs—now a key driver of inflation—has been increasingly public. The year before the pandemic, roughly 46 percent of renters in the US spent more than 30 percent of their income on rent and therefore met the definition of cost-burdened, Harvard University’s Joint Center for Housing Studies found."
arstechnica.com
Rent going up? One company’s algorithm could be why
YieldStar helps landlords set prices across the US, likely harming competition.
arstechnica.com
Ticketmaster/Live Nation have found a way to make concert tickets fuckstronomically more expensive with their new "dynamic pricing" model, none of it going to, like, the band or anything.
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Large corporations just amplify and scale the human trait of individual selfishness.
The 'small' company I work for received ~$1mm in PPP which the sole proprietor ended up disbursing to himself after it was forgiven.
I'd like to imagine that societies could achieve better if we truly valued things like education around kindness and the benefit of shared success and incentivization.
The 'small' company I work for received ~$1mm in PPP which the sole proprietor ended up disbursing to himself after it was forgiven.
I'd like to imagine that societies could achieve better if we truly valued things like education around kindness and the benefit of shared success and incentivization.
Yes, that word is weaponized by the free market crowd, and although I cringed when I typed it, I'd like to think that it could cut the other way. Should there not be incentive to fair labor laws, affordable housing, a clean planet, etc..?
we won't cut off heads?
This is the problem with the neoliberal pseudoscientific capitalist shit. None of them can think past a quarter or two. The incentive to fair labor laws and affordable housing is that your company succeeds, the community around it and supporting it do too.
Where we went wrong is that the idea of 'company' is so fluid now, you can just rape the assets, declare bankruptcy and do it all over again. (Hi Mitt!) relatively free of consequence. There's no long term strategy because there's no long term vision, nor does there really need to be.
In NZ the concept of company is also really fluid and vague, BUT the personal responsibility line is much more firmly set.
If you go into bankruptcy you are banned from owning or managing another business for 10 years.
So post bankruptcy you cant even be a manager for 7 years (3 years to be discharged from bankruptcy and another 4 years as a "discharged bankrupt".
It's not an easy way out — entering bankruptcy means the Official Assignee has control over everything you own (except things like your clothes and household appliances), and can sell them to pay off your debts.
From the Inland revenue website.
It's actually sorta kinda similar here, at least in intent/theory, depending on which chapter you declare under.
The problem is each one seems to have a loophole you can duck under and reinvent yourself/your money/your investors rather quickly. Manipulating this system is how Trump became what he is.....which is someone constantly eligible to take investor cash, fuck over people doing the work, and then turn around and do it all over again. He names other
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uber, airbnb, etc - just silicon valley tech bros who think laws don't apply to them
Give their lobbyists time.
They already won in california. At least partially
And there you go.
Just imagine how profitable they would be if they weren't crippled by government oversight, crushing regulations, and a flawed business idea that's had years to mature but has never progressed beyond the "accumulate a mass of customers and figure out how to become profitable later" phase.
Uber is still not profitable. Nor were they in the decade or so they operated before some meager regulations only put in place recently.
Neither is airbnb
All these shit box companies exist only on investments and some fantastic (like literal fantasy) hope.
So... like Bitcoin?
Just trying to live the American Dream. Start a company and get rich off investors before they realize your idea is shit and the whole thing falls apart.
A big chunk of the economy is made up of "vessels".
Financial gymnastics are far more profitable than actual investment and economic growth (understood as jobs) given the incentives of the traditional monetary policies.
SaaS is theft
SaaS is theft
I'm still running my standalone copies of Lightroom and Photoshop from 2012 because of this SaaS bullshit. I don't use either frequently enough to warrant paying $10/mo from now until eternity. Get bent Adobe.SaaS is theft
Ditto on the video stuff. Most of the decent codecs are backwards compatible and the joys of that old legacy shit is that people are still making plugins for some of it.
fuck adobe
Some day I'll see if I can get a codec or plug-in to do Nikon RAW file conversion in my version of Lightroom. They dropped support for my camera, so now every photo import requires Nikon Capture -> Adobe DNG converter -> Lightroom instead of directly importing into Lightroom via their tool.
CS6?
LR4 and CS6. Shooting with a 2019 era Nikon Z6.
Shit. A buddy of mine went through this a while ago but with older nikons. Im a canon guy but Ill see what I can find out.
I think his cameras were like 2013ish
*Or move across the Hudson. Didn't someone post in the car thread NJ had told BMW to get bent with subscription heated seats?
Moving to NJ seems pretty desperate though.
I'll just over there when my ass gets cold.