Capitalism at work

[Stephonit]

https://www.nytimes.com/2020/03/29/b...-shortage.html

[John Connor]

If you live in the United States, and you're over the age of 18, you are a massive hypocrite. And yes, it's that simple. What's the verdict?

[MMM]

I am a Conservative and can tell you Capitalism doesn't work

[John Connor]

I am a Conservative and can tell you Capitalism doesn't work

It does work.

What doesn't work is... government.

[Long Duck Dong]

It does work.

What doesn't work is... government.

Exactly. If the CDC hadn't waited weeks on involving private biotech companies in the making of COVID-19 test kits and tried to make it themselves, of which they failed miserably, there would probably be a million or more testing kits available to the public right now. I believe Germany and South Korea got their private companies involved immediately in the making of these kits

[FKAri]

It does work.

What doesn't work is... government.

Capitalism doesn't work without government regulations so if government doesn't work neither does capitalism.

[Stephonit]

If you live in the United States, and you're over the age of 18, you are a massive hypocrite. And yes, it's that simple. What's the verdict?

You sound offended. What in the story is there to be hypocritical about?

Synopsis:

Up and coming firm wins government contract to develop inexpensive ventilators. Company expects prestige from becoming a government supplier to help sales eventually thus justifying low price. Development runs smoothly. Capitalism at its best no?

Larger firm comes along and buys out up and coming firm. Developers are reassigned. Larger firm complains it won't make enough money from the product and petitions government to cancel contract. There's suspicion that the larger firm bought out the smaller firm to stop production of the cheaper ventilators that would have undercut its established products. Not a single ventilator is delivered. Capitalism at its worst.

The verdict? The country needs Bernie.

[bladefd]

You sound offended. What in the story is there to be hypocritical about?

Synopsis:

Up and coming firm wins government contract to develop inexpensive ventilators. Company expects prestige from becoming a government supplier to help sales eventually thus justifying low price. Development runs smoothly. Capitalism at its best no?

Larger firm comes along and buys out up and coming firm. Developers are reassigned. Larger firm complains it won't make enough money from the product and petitions government to cancel contract. There's suspicion that the larger firm bought out the smaller firm to stop production of the cheaper ventilators that would have undercut its established products. Not a single ventilator is delivered. Capitalism at its worst.

The verdict? The country needs Bernie.

That's why 100% free capitalism doesn't work. You need oversight and watchdogs/inspectors to keep a watch on crony capitalism & exploitation. Corruption exists regardless of what economic & political system you have in place and so oversight is always necessary.

[Hawker]

You sound offended. What in the story is there to be hypocritical about?

Synopsis:

Up and coming firm wins government contract to develop inexpensive ventilators. Company expects prestige from becoming a government supplier to help sales eventually thus justifying low price. Development runs smoothly. Capitalism at its best no?

Larger firm comes along and buys out up and coming firm. Developers are reassigned. Larger firm complains it won't make enough money from the product and petitions government to cancel contract. There's suspicion that the larger firm bought out the smaller firm to stop production of the cheaper ventilators that would have undercut its established products. Not a single ventilator is delivered. Capitalism at its worst.

The verdict? The country needs Bernie.

If you need a government contract for something, is that really capitalism?

The number of regulations that have been slashed in order to speed approval of tests, manufacturing of tests etc. has been ridiculous. I thought those regulations were necessary?

[Phong]

What would Bernie do to speed up the design and production of those cheap ventilators?

[John Connor]

Capitalism doesn't work without government regulations so if government doesn't work neither does capitalism.

No. The best short and even possibly mid term result might be a result of regulations, that is indisputable, but the best long term result absolutely is not. Additionally, yes, it is true that, unfortunately, capitalism without question results in short term pains that might not have happened with regulation in place in some if not many instances. But again... think long term. Short term thinking doesn't work.

You sound offended. What in the story is there to be hypocritical about?

Synopsis:

Up and coming firm wins government contract to develop inexpensive ventilators. Company expects prestige from becoming a government supplier to help sales eventually thus justifying low price. Development runs smoothly. Capitalism at its best no?

Larger firm comes along and buys out up and coming firm. Developers are reassigned. Larger firm complains it won't make enough money from the product and petitions government to cancel contract. There's suspicion that the larger firm bought out the smaller firm to stop production of the cheaper ventilators that would have undercut its established products. Not a single ventilator is delivered. Capitalism at its worst.

The verdict? The country needs Bernie.

This country doesn't need Bernie. Firstly, he won't be able to pass the extreme vast majority of what he wants to pass. Secondly, you're a hypocrite. If you've ever taken out a loan on anything ever, if you've ever sought a better job, if you've ever bought something that perhaps you couldn't quite afford, if you've ever done literally anything ever with your own personal money that wasn't for other people... you are a hypocrite.

Here, this scene about sums it up.

https://www.youtube.com/watch?v=2f2kGHcdJYU

If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

[Stephonit]

What would Bernie do to speed up the design and production of those cheap ventilators?

Of all the presidential contenders he is the least likely to kowtow to the wishes of the larger firm. If there was any chance for the administration to demand fulfillment of the contract and if necessary stop the merger based on national interest grounds it would be under Bernie's administration.

[DoctorP]

[DoctorP]

[Axe]

https://www.nytimes.com/2020/03/29/b...-shortage.html

The title of the article is comical.