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

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ScoobyDoo said:
That being said, the Feds should have had baby formula on their radar since the pandemic began as a "need" item ...
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You expected Trump's government to have a handle on things like that?

ScoobyDoo said:
The fact that the Republicans again use and issue to hammer the Democrats and OFFER ZERO solutions to the problems themselves is a major problem in this country and one that is likely to finish the country's destruction.
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Truth.
 
ScoobyDoo said:
https://twitter.com/MalloryMcMorrow/status/1527280148256501760

You can point directly at the monopolistic practices that are allowed to fester in the United States as the root cause for the formula crisis. That being said, the Feds should have had baby formula on their radar since the pandemic began as a "need" item and should have been on the ball quicker with the solutions they have now put forward (production act, shipments from overseas, better distribution nationally of the resources we do have, etc.

The fact that the Republicans again use and issue to hammer the Democrats and OFFER ZERO solutions to the problems themselves is a major problem in this country and one that is likely to finish the country's destruction.
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The federal government buys half the formula that's produced in this country. They desire to buy it as cheaply as possible, so they enter into exclusive contracts with manufacturers. If you don't have one of those contracts, why compete?
 
French Rage said:
"Party of life"
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So, Trump's "New NAFTA" agreement he pushed through put the kibosh to inspecting, approving, and importing Canadian infant formula.

So this puts a strain on the already monopolistic formula makers in the US.

And the Republicans blame "Biden's FDA" for holding up the Abbott plant despite them being a source of the bacteria.

Privatize the profit, socialIize the losses. The GQP can go get fucked. And not in the fun Madison Cawthorn way either.
 
SJHovey said:
The federal government buys half the formula that's produced in this country. They desire to buy it as cheaply as possible, so they enter into exclusive contracts with manufacturers. If you don't have one of those contracts, why compete?
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Your attitude on all this stuff is oh my gosh nothing can be done. It's the Federal Governement's fault that it's happening and they can't do anything to fix it.

WRONG. The causer of the problem is the most likely to have the answers. Dollars to doughnuts Republicans are responsible for your scenario that has you so handcuffed.
 
So Elon loves free speech so much, he paid the woman he actually harassed 250k to not talk about it.
Showed her his erect penis and offered to buy her a horse if she serviced him.
least shocking news ever
 
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ScoobyDoo said:
Your attitude on all this stuff is oh my gosh nothing can be done. It's the Federal Governement's fault that it's happening and they can't do anything to fix it.

WRONG. The causer of the problem is the most likely to have the answers. Dollars to doughnuts Republicans are responsible for your scenario that has you so handcuffed.
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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!!!!
 
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 fuck 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.
 
SJHovey said:
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!!!!
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There is a cost for redundancy.
 
ScoobyDoo said:
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 fuck 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.
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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.
 
SJHovey said:
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.
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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.
 
ScoobyDoo said:
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.
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Sounds like insulin rationing.

system is set up to protect ability to make money not care for humans
 
Drew S. said:
There is a cost for redundancy.
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"First rule in government spending: why build one when you can have two at twice the price?"

tumblr_m1dde0Uvjz1qhct60o1_1280.jpg
 
Drew S. said:
There is a cost for redundancy.
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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?
 
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