Business, Economics, and Taxes: Capitalism. Yay? >=(

[Drew S.]

No, my attitude is not that nothing can be done. My attitude is that I'm not sure there is anything that needs to be done, at least on any sort of permanent basis.

The system with respect to baby formula actually works pretty well. Think about it. Up until a month ago had you ever heard of any problems with it? Probably not.

The government gets what it wants. It can purchase formula for low income people who need it. The government knows the supply will be there. It also maintains strict regulatory control over something that we want to make sure is safe.

At the same time, the manufacturers have a fixed customer, they know their price, and they can just keep the plants humming along.

Yeah, a major plant was taken off line. But that's a good thing. The system worked. Possibly contaminated product was identified and the government took the steps necessary to protect the public.

By July we won't even hear another word about formula shortage. Just like toilet paper. When was the last time you heard about toilet paper shortage.

None of this is helped by people running around with their hair on fire screaming DO SOMETHING!!!!

There is a cost for redundancy.

[ScoobyDoo]

So Elon loves free speech so much, he paid the woman he actually harassed 250k to not talk about it.
Showed her his erect ***** and offered to buy her a horse if she serviced him.
least shocking news ever

Nothing says free speech like a big shut up check for your victim.

[SJHovey]

No, the system failed. If the system worked we wouldn't be flying military jets to foreign countries to pick up baby formula. We also wouldn't be using the Defense Production Act or whatever the **** it is called to get more formula made faster.

The system should not fail.

Running out of baby formula is akin to running out of insulin.

We only have (4) producers of baby formula in the United States. This is economic epic failure on a grand scale. It needs to stop.

The system didn't fail.

Flying planes to foreign countries is exactly what to do in this situation. A plant is taken temporarily off line. We temporarily authorize the import of foreign made formula. We send some planes over to pick it up until the plant is back up and running. Problem solved. We don't blow up the whole system.

[ScoobyDoo]

The system didn't fail.

Flying planes to foreign countries is exactly what to do in this situation. A plant is taken temporarily off line. We temporarily authorize the import of foreign made formula. We send some planes over to pick it up until the plant is back up and running. Problem solved. We don't blow up the whole system.

Tell that to the mothers rationing food for their children. Tell that to the mothers burdening our healthcare system because they are rationing food for their babies or cannot obtain the correct formula.

The system failed. We can point directly to monopoly as the reason why. Blow up the system? Is that what you call regulation? Blowing up the system. Abbott has a lot to answer for here.

[Deutsche Gopher Fan]

Tell that to the mothers rationing food for their children. Tell that to the mothers burdening our healthcare system because they are rationing food for their babies or cannot obtain the correct formula.

The system failed. We can point directly to monopoly as the reason why. Blow up the system? Is that what you call regulation? Blowing up the system. Abbott has a lot to answer for here.

Sounds like insulin rationing.

system is set up to protect ability to make money not care for humans

[ScoobyDoo]

Sounds like insulin rationing.

system is set up to protect ability to make money not care for humans

Insulin is the correct comparison.

[aparch]

There is a cost for redundancy.

"First rule in government spending: why build one when you can have two at twice the price?"

[ScoobyDoo]

Federal Trade Commission Chairwoman Lina Khan pointed to concentration in the markets for baby formula and meat packing as major factors contributing to shortages and rapidly rising prices during a Congressional hearing Wednesday.

No ****. I think I just said that.

https://www.marketwatch.com/story/ft...PvToOb9MR8kTJU

[LynahFan]

There is a cost for redundancy.

Care to explain that?

'Cause what I'm thinking is that yes, 10 smaller plants would be less efficient than 4 larger plants, in the sense that the cost to produce the same total amount of formula would be higher. But that doesn't mean that the price would be higher - in fact, with that additional competition, the price might actually be lower. So the amount that the companies are spending on labor and maintenance and parts goes up (more jobs for blue collar workers), and revenue comes down.

The *only* people who come out on the short end of that stick are the shareholders or other investors.

Tell me again why that's a bad thing?

[French Rage]

No ****. I think I just said that.

https://www.marketwatch.com/story/ft...PvToOb9MR8kTJU

Of course an administration mouthpiece would say that! In fact, joecct told me Kamala used her native sultry wiles to seduce her into saying that.

[rufus]

No, my attitude is not that nothing can be done. My attitude is that I'm not sure there is anything that needs to be done, at least on any sort of permanent basis.

The system with respect to baby formula actually works pretty well. Think about it. Up until a month ago had you ever heard of any problems with it? Probably not.

The government gets what it wants. It can purchase formula for low income people who need it. The government knows the supply will be there. It also maintains strict regulatory control over something that we want to make sure is safe.

At the same time, the manufacturers have a fixed customer, they know their price, and they can just keep the plants humming along.

Yeah, a major plant was taken off line. But that's a good thing. The system worked. Possibly contaminated product was identified and the government took the steps necessary to protect the public.

By July we won't even hear another word about formula shortage. Just like toilet paper. When was the last time you heard about toilet paper shortage.

None of this is helped by people running around with their hair on fire screaming DO SOMETHING!!!!

Tell that to your Republican pals then.

[ScoobyDoo]

Of course an administration mouthpiece would say that! In fact, joecct told me Kamala used her native sultry wiles to seduce her into saying that.

I believe that.

[Spartanforlife4]

So Elon loves free speech so much, he paid the woman he actually harassed 250k to not talk about it.
Showed her his erect ***** and offered to buy her a horse if she serviced him.
least shocking news ever

His response to BI about it was strange. Instead of saying it didn’t happen, he said there was more to the story and that “if I were inclined to engage in sexual harassment, this is unlikely to be the first time in my 30 year career it comes to light.”

https://www.businessinsider.com/spac...conduct-2022-5

[Deutsche Gopher Fan]

He also said she should give identifying marks on his private parts, which seems on brand

[Deutsche Gopher Fan]

The replies

https://twitter.com/elonmusk/status/...41I5qZpMmPFEgw