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Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Printable Version +- Cincinnati Bengals Message Board / Forums - Home of Jungle Noise (http://thebengalsboard.com) +-- Forum: Off Topic Forums (http://thebengalsboard.com/Forum-Off-Topic-Forums) +--- Forum: Politics & Religion 2.0 (http://thebengalsboard.com/Forum-Politics-Religion-2-0) +---- Forum: P & R Archive (http://thebengalsboard.com/Forum-P-R-Archive) +---- Thread: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress (/Thread-Martin-Shkreli-pleads-the-Fifth-then-tweets-about-imbeciles-in-Congress) Pages:
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Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - GMDino - 02-04-2016 http://www.usatoday.com/story/money/2016/02/04/martin-shkreli-congressional-testimony-turing-pharmaceuticals-valeant-fda-drug-prices/79808004/ Quote:WASHINGTON—Embattled drug entrepreneurMartin Shkreli — who vigorously defended his decision to hike the price of a life-saving drug from $13.50 to $750 — suddenly went silent Thursday at a Congressional committee, smirking and grinning instead of answering questions. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Nebuchadnezzar - 02-04-2016 What a dick. I hope this guy gets a STD while in federal prison and then can't afford the drugs he needs to stay alive. Seriously, what a dick. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - fredtoast - 02-04-2016 Shkreli should be the hero of all the people here who worship the free market. But, sadly, I have to agree with him about these congressional hearings. They are a joke. It is more about the guys asking the questions putting on a show and acting tough. And they are usually completely partisan. People who get called in front of them are justified in laughing in their faces. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - GMDino - 02-04-2016 (02-04-2016, 04:24 PM)fredtoast Wrote: Shkreli should be the hero of all the people here who worship the free market. Yep. But he's still a dick. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - JustWinBaby - 02-04-2016 Sociopath tends to be over-used, but this jerkoff might be an actual psychopath. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Benton - 02-04-2016 (02-04-2016, 04:24 PM)fredtoast Wrote: Shkreli should be the hero of all the people here who worship the free market. Pretty much my thoughts. I'd add he's a horrible person. He's correct on Congress, though. These hearings are nothing. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Bilbo Saggins - 02-05-2016 (02-04-2016, 04:24 PM)fredtoast Wrote: Shkreli should be the hero of all the people here who worship the free market. Good ole' fashioned American capitalism. He's earned every penny! Oh, and these "big government" goons need to stop harassing this entrepreneurial genius. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - michaelsean - 02-05-2016 (02-04-2016, 04:24 PM)fredtoast Wrote: Shkreli should be the hero of all the people here who worship the free market. Being in favor of a free market does not mean one is in favor of everything someone does in that free market. much like people being against abortion but believing it is the mother's right to decide for herself. This guy makes it impossible to want to even try to defend him. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Belsnickel - 02-05-2016 (02-05-2016, 10:49 AM)michaelsean Wrote: Being in favor of a free market does not mean one is in favor of everything someone does in that free market. much like people being against abortion but believing it is the mother's right to decide for herself. At first I was going to disagree with your analogy, but the more I thought about it the more I agree. Being in favor of the free market does not mean you are in favor of the immoral/unethical decisions made within it. In both the case of abortion and a free market the ideal is to have no regulations because they would be unnecessary. People would make the moral/ethical choices. It's interesting to think how something similar in some ways has different approaches taken from different sides. I think the interesting thing is that most people would take a very moderate stance on the details in both situations if we could only move past the rhetoric and have productive conversations. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - michaelsean - 02-05-2016 (02-05-2016, 11:05 AM)Belsnickel Wrote: At first I was going to disagree with your analogy, but the more I thought about it the more I agree. Being in favor of the free market does not mean you are in favor of the immoral/unethical decisions made within it. In both the case of abortion and a free market the ideal is to have no regulations because they would be unnecessary. People would make the moral/ethical choices. They are both very complex issues. Abortion is very tough. I feel you are taking a human life so for me that trumps everything. Then I think, do I get even remotely as upset about knowing there are abortions taking place as when I hear about a 1 year old dying? Nope. How do I reconcile that? Am I just used to abortion? Is it because I know that the parents aren't suffering the same as when they lose a born child? Free market? I absolutely believe in it, and not just because "the free market fixes things", but because we are free people and should be able to do what we want if it doesn't infringe on others rights. Where's the line? RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Belsnickel - 02-05-2016 (02-05-2016, 11:41 AM)michaelsean Wrote: They are both very complex issues. Abortion is very tough. I feel you are taking a human life so for me that trumps everything. Then I think, do I get even remotely as upset about knowing there are abortions taking place as when I hear about a 1 year old dying? Nope. How do I reconcile that? Am I just used to abortion? Is it because I know that the parents aren't suffering the same as when they lose a born child? But then you have to look at what rights we recognize. The basis of a regulated marketplace is those making the regulations inferring rights that may not be explicit in our laws. After all, there is nothing in our Constitution that would explicitly call for a safe work environment, fair wages, or any of that. But those rights have been inferred through the years and others in addition to them as we have regulated our economy. We tend to oversimplify the whole idea of the free market, it's as complex as abortion in all honesty. It's just a matter of abortion hits you in a more primal way and so forces you to look deeper, IMO. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - michaelsean - 02-05-2016 (02-05-2016, 12:15 PM)Belsnickel Wrote: But then you have to look at what rights we recognize. The basis of a regulated marketplace is those making the regulations inferring rights that may not be explicit in our laws. After all, there is nothing in our Constitution that would explicitly call for a safe work environment, fair wages, or any of that. But those rights have been inferred through the years and others in addition to them as we have regulated our economy. The biggest thing for me for regulations is where people can't make informed decisions. So a restaurant or a bar that allows smoking is obvious to anyone, and they can choose to go there or not. A patron can not determine the cleanliness of a kitchen in a restaurant. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Belsnickel - 02-05-2016 (02-05-2016, 12:50 PM)michaelsean Wrote: The biggest thing for me for regulations is where people can't make informed decisions. So a restaurant or a bar that allows smoking is obvious to anyone, and they can choose to go there or not. A patron can not determine the cleanliness of a kitchen in a restaurant. But there again, we are inferring rights not explicit in our laws. I agree with you on this one, but rights are still being inferred in order to create that regulation. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - michaelsean - 02-05-2016 (02-05-2016, 12:59 PM)Belsnickel Wrote: But there again, we are inferring rights not explicit in our laws. I agree with you on this one, but rights are still being inferred in order to create that regulation. Oh I know. That's why I ask where's the line, and that's what the debate really is. Oh and I kinda hijacked your thread here, Dino. Sorry about that. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - GMDino - 02-05-2016 (02-05-2016, 01:08 PM)michaelsean Wrote: Oh I know. That's why I ask where's the line, and that's what the debate really is. Oh like that NEVER happens around here! ![]() RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Belsnickel - 02-05-2016 (02-05-2016, 01:08 PM)michaelsean Wrote: Oh I know. That's why I ask where's the line, and that's what the debate really is. (02-05-2016, 01:29 PM)GMDino Wrote: Oh like that NEVER happens around here! At least we hijacked by, you know, talking about the positions we were discussing rather than hurling insults at each other. So there is that. ![]() RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Benton - 02-05-2016 (02-05-2016, 11:05 AM)Belsnickel Wrote: At first I was going to disagree with your analogy, but the more I thought about it the more I agree. Being in favor of the free market does not mean you are in favor of the immoral/unethical decisions made within it. In both the case of abortion and a free market the ideal is to have no regulations because they would be unnecessary. People would make the moral/ethical choices. We're getting OT here (or maybe not), but the nature of capitalism is there's never going to be an ethical line. In Shkreli's case, people are pissed because he upped a necessary drug price to where it most likely effected those who took it, and possibly prevented them from taking it. Where's the outrage over SAT/ACT prep course markup (2,000-4000%) that could make the difference in someone getting a life changing education? What about bypass surgery (1,000%)? Prescription drugs average around 3,000% but nobody bats an eye. Internet service — more and more necessary to education and business — in some areas has a 5,000% markup. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Au165 - 02-05-2016 (02-05-2016, 01:59 PM)Benton Wrote: We're getting OT here (or maybe not), but the nature of capitalism is there's never going to be an ethical line. Some of your comparisons don't hold water because they aren't in regards to saving someone's life...their actual life not quality of life. As for the surgery that is service that the cost can shift as the price to pay people qualified to perform it can go up. The issue in this case, with this specific drug, is nothing changed other than a guy came in trying to milk it for as much possible as quickly as he can. When we allow things such as patents, then we also must have checks and balances to protect the consumer. Patents (especially in pharmaceuticals) are counter intuitive to free market philosophy because they prevent the competition that allows for the true value to be assigned to a good. If we eliminated patents I'd be okay with letting this guy charge whatever he wanted because competitors would come in and we would have stabilization, but since we already artificially manipulate free market then there must be checks in place to stop these things from happening. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - fredtoast - 02-05-2016 We have to have a capitalist economy to promote efficiency, but it has to be regulated. Without regulation a completely "free market" would destroy everything from human lives to the environment in the name of profit. And this is not just a theory. It has been proven throughout history. RE: Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress - Benton - 02-05-2016 (02-05-2016, 02:16 PM)Au165 Wrote: Some of your comparisons don't hold water because they aren't in regards to saving someone's life...their actual life not quality of life. And — as I said — that's why there's never going to be an ethical line. Quality of life in terms of how much earning potential you have (college education, internet availability) does translate into health. Poverty is tied to a high number of cases of obesity, heart disease, diabetes, and other things that kill you. On the other hand, you can argue that it' not directly so, which is also true. https://www.washingtonpost.com/news/wonk/wp/2015/09/18/the-government-is-spending-more-to-help-rich-seniors-than-poor-ones/ ![]() ![]() Quote: As for the surgery that is service that the cost can shift as the price to pay people qualified to perform it can go up. It's an average. Naturally, that can go up and down. How does that change the fact the average markup is 1,000%? Quote:The issue in this case, with this specific drug, is nothing changed other than a guy came in trying to milk it for as much possible as quickly as he can. When we allow things such as patents, then we also must have checks and balances to protect the consumer. We do. Sort of. We have patent expirations in place so people can make generics of it. And there's the kicker. Some insurance plans won't accept generics, which is a legal loophople. As with anything, there's checks and balances, and there's guys smart enough to figure out ways around them. Quote:Patents (especially in pharmaceuticals) are counter intuitive to free market philosophy because they prevent the competition that allows for the true value to be assigned to a good. If we eliminated patents I'd be okay with letting this guy charge whatever he wanted because competitors would come in and we would have stabilization, but since we already artificially manipulate free market then there must be checks in place to stop these things from happening. If you don't have patents, you've got less incentive to create a drug. Why spend millions of dollars and thousands of hours developing something that the guy down the street is going to make for virtually no cost? |