Comment by fzeroracer
3 days ago
Capital seeks the best opportunities, like deliberately lying about asbestos in baby powder, producing fraudulent research and continuing to profit off poisoning individuals.
3 days ago
Capital seeks the best opportunities, like deliberately lying about asbestos in baby powder, producing fraudulent research and continuing to profit off poisoning individuals.
Don't forget tobacco companies lying about cancer and oil and gas companies hiding climate change research.
Sure, but that is an issue of ethics and regulation. Fraud is illegal and should be punished proportionally to it's effects.
Capital doesn't seek the best opportunity, it can only seek the best monetary opportunity and that can involve fraud or products that are bad for society.
Without market-independent research you often wouldn't even realize that is what's going on.
Who got punished for the J&J asbestos issue? Who got punished for cigarettes and their deceptive advertising? And how badly did the Sacklers get slapped for causing the opioid epidemic?
If you're making the argument that they should be punished proportionally to their effects then all of these cases should result in the individuals being jailed for life at bare minimum and their assets forfeited. Yet this hasn't happened. Why?
3 replies →
> Fraud is illegal and should be punished proportionally to it's effects.
That's adorable.
This is unfair: biotech/pharma companies do valuable work, particularly in translational medicine.