T
Tom Gardner
Guest
On 31/03/20 21:18, Rick C wrote:
Not all companies have individual consumers. Covidien is an example.
The thrust of the article is that Covidien prevented
another company from providing cheap and plentiful
supplies of ventilators. That's perfectly sensible
from a market forces PoV, and is legal.
The American public will pay the penalty for those
market forces.
On Tuesday, March 31, 2020 at 3:52:47 PM UTC-4, Tom Gardner wrote:
On 31/03/20 19:50, dcaster@krl.org wrote:
On Tuesday, March 31, 2020 at 2:05:26 PM UTC-4, Tom Gardner wrote:
On 31/03/20 17:29, Flyguy wrote:
On Monday, March 30, 2020 at 4:41:27 AM UTC-7, Bill Sloman wrote:
On Monday, March 30, 2020 at 5:50:20 PM UTC+11, Flyguy wrote:
On Saturday, March 28, 2020 at 8:20:06 PM UTC-7, Bill Sloman wrote:
On Sunday, March 29, 2020 at 11:46:27 AM UTC+11, Tom Gardner
wrote:
On 28/03/20 20:17, Martin Brown wrote:
These are quite an interesting and worrying set of graphs -
scroll down to "world" to see the comparison of USA with Japan
and Italy:
http://nrg.cs.ucl.ac.uk/mjh/covid19/#wn
Thanks for those graphs; I've been waiting for somebody with the
raw data to plot them.
Recommended.
https://www.worldometers.info/coronavirus/
has been plotting the data for several weeks now. They were the
first website I found that did it, and when I got jeered at for
taking them seriously I did point out that that they did say where
they got their data from, but that my main reason for using them
was the fact that they did post graphs.
GIGO. Remember that? If not, it stands for "Garbage In, Garbage Out."
And the fucking Chinese comms are feeding us GARBAGE!
Flyguy doesn't realise that his claims about the reliability of the
data the Chineses are sending out are based solely on his moronic
misconceptions, which makes him the obvious garbage emitter around
here.
-- Bill Sloman, Sydney
Hardly. You are the moron who sucks up to the Chicomms. And I know why:
Australia's NUMBER ONE trading partner is China. I've seen that attitude
here: our NBA was also sucking up to the Chicomms because they do a huge
business there, and muzzled an owner at the Chicomm's insistence when he
criticized them. Now, they are stopping shipments of medical supplies to
the US. When you lie down with snakes don't be surprised when you are
bitten.
At least the Chinese are dealing with the problem better than the USA is.
Your rants are what I would expect from a neocon that is correctly afraid
that their philosophy is about to become very unpopular. Unless there is a
big smokescreen people will eventually realise that big government will do
a better job of protecting them than market forces.
Why? Because politicians can be removed by individuals, unlike companies.
I do not rant very often as it never seems to make any difference. But I
think that it is good to have some countries with big government and some
with market forces being dominate. _And you are wrong about market forces
not being able to remove companies. Currently the retail companies are
changing or being removed.
Read what I wrote. Your comments have zero relevance to that!
Hint: individuals cannot remove companies (but they can remove
governments)
Individuals can't remove governments. It takes massive movements of the... masses.
The same type of movements can shape and even defeat companies. That's easy, stop buying from them. It has happened many, many times that companies have changed their behavior or even gone out of business as a result of consumer pressure.
Not all companies have individual consumers. Covidien is an example.
It sucks to pay a lot more for health care, but it is nice to have
companies working on manufacturing ventilators and developing vaccines.
Except when companies deliberately thwart that.
Here's how market forces are killing Americans from Covid-19, by preventing the
manufacture of low-cost ventilators that would undercut expensive existing
product lines.....
It was 2010 and Newport Medical Instruments, a small medical device company in
Costa Mesa, California, was excited. They had just signed a federal contract to
design and build up to 40,000 mobile ventilators, which would be placed into the
national stockpile in the interest of pandemic preparedness. After SARS and bird
flu and swine flu, the government needed to steel itself should a deadly
infectious disease go viral.
Newport agreed to deliver the devices at a low-cost, not only to maximize
federal purchases but also to build a reputation that could increase sales to
other countries and the private sector. The company sent prototypes within a
year, and was on track for market approval by 2013.
But before that could happen, Covidien, a larger firm, announced a bid to
purchase Newport for $108 million in March 2012. The Federal Trade Commission
didnât even give it a second look; the deal closed in May. And Covidien sold its
own ventilators. They werenât interested in developing a new model that could
cut into its existing profits. Covidien immediately asked for more money from
the government, and by 2014 they called off the deal because âit was not
sufficiently profitable for the company.â
https://prospect.org/coronavirus/unsanitized-covidien-story-corporate-america-ventilators/
Not sure what your point is. Such actions have happened more than once where a company buys a smaller company to control a technology they owned. No one forced Newport to sell. It's not like Newport was the only company with a low end product. They seem to be coming out of the woodwork these days.
If people like us decide that Covidien acted improperly we can force our governments to boycott Covidien in future purchases. Of course, that's not going to happen in today's market where they have many more buyers than sellers.
The thrust of the article is that Covidien prevented
another company from providing cheap and plentiful
supplies of ventilators. That's perfectly sensible
from a market forces PoV, and is legal.
The American public will pay the penalty for those
market forces.