Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergmanwrote: > I can't defend his brashness, but the fact remains that pure capitalism is > the best way demonstrated to date to innovate and health care or pharma is > not exempt. Big rewards encourage big effort yielding big results. These > pharma companies have something like 7 years until the exclusivity period > expires. That can be a pretty short time to recover investments. This > particular case may be a bit extreme but to say that capitalism is broken > in America is simply ludicrous. > > I recently attended my sons graduation from Texas Tech on a Friday. > Thursday night at the hotel was $159 and Friday was $269. I don't think > that is price gouging. I think it is a reflection of the simple fact that > there are fewer rooms available on that particular night than are demanded > at $159. The equilibrium was found at $259 where supply and demand come > closer to being equal. At that price I still witnessed people turned away > wanting a room due to their poor planning. I don't think that is price > gouging. Their hotel was full at $269 a night. The next day was $159 again. > Since the hotel was full they probably could have been even higher. > > I really don't understand what people have such a huge issue with the > fundamental theory of supply and demand. Yes I understand that it is a > potentially life saving drug. There are other cheaper treatments. Maybe > they aren't as good, which is why they are cheaper. When did we stop > rewarding people for the value they provide? I know this jerk didn't invent > it but he obviously was willing to reward those who did with a price they > thought fair. Sales over the next few years will prove if he made a mistake. > > Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, > why not only cover his cost? Why not less than cost and force him to > provide his great product for the good of the people? There is a reason it > is named Animal Farm. How many have read this book? While not about > capitalism it does speak to the kind of central control that skulks below > the overt argument for "controlling" this type of behavior. > > I know people might die. I'll put on my really jerky hat and say "so > what?". People die every day for less meaning and in greater numbers. There > is practically a mass suicide movement going on now with texting and > driving. I don't see where people value there lives or others that much > anyway when reading a text or email is more important than life itself. > I guess I am just a big libertarian at heart. Give me the loose framework > of a "fair market", whatever that is, and let the system fight it out. The > word isn't fair, not ever going to be fair, stop trying to warp it to be > that way. > > Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, > or whatever else gets your boat floating. > > On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary > wrote: > >> The irony? Your local poor schlub a-hole can be arrested and charged if >> he doubles the price of gas, water, or other life-critical goods after a >> natural disaster – that’s a crime in America. Meanwhile, it’s completely >> legal for a company to raise a life-critical drug by over 5000% -- that’s >> capitalism in America. >> >> >> >> Shkreli is only the most written about example. This “business trend’ is >> all the rage and has been widely employed in the U.S. for a number of years >> now. >> http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/ >> >> >> >> Patrick >> >> >> >> *From:* Af [mailto:af-boun...@afmug.com] *On Behalf Of *Ken Hohhof >> *Sent:* Thursday, December 17, 2015 8:28 PM >> *To:* af@afmug.com >> *Subject:* [AFMUG] OT - Martin Shkreli >> >> >> >> Apparently this guy AND HIS LAWYER were arrested today. Everybody knows >> him as the guy who raises drug prices 5000%, but I did not know he live >> streams almost daily to his fans. >> >> >> >> Watch the first video, isn't he just like every annoying, entitled, >> slacker kid living in his parents basement that we have to deal with >> bitching about his Internet? Except he is CEO of a drug company. >> >> >> >> I didn't think it was possible to hate him more, but watch the video. >> >> >> >> https://www.youtube.com/channel/UC8gjB1PSXv_oAUSAQ16S0fA >> >> >> >> >> >> >> >> This footnote confirms that this email message has been scanned by >> PineApp Mail-SeCure for
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Damn you guys are brutal! Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:33 AM, Ken Hohhof <af...@kwisp.com> wrote: > Bah, humbug. > > -Original Message- From: Christopher Tyler > Sent: Friday, December 18, 2015 9:28 AM > To: af@afmug.com > > Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > And a free cell phone so they can call the pharmacy. > > -- > Christopher Tyler > MTCRE/MTCNA/MTCTCE/MTCWE > Total Highspeed Internet Services > 417.851.1107 > > - Original Message - > From: "Jay Weekley" <par...@cyberbroadband.net> > To: af@afmug.com > Sent: Friday, December 18, 2015 9:27:13 AM > Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > They need clothing and transportation to food, water, shelter and > medicine. Or free delivery. > > Josh Luthman wrote: > >> Food, water, shelter, medicine. The things anyone and everyone need >> to survive. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com >> <mailto:cc...@wispmon.com>> wrote: >> >> Since when has it been a basic human right? Where does it stop? >> Why are others forced to pay for peoples bad habits? Other than >> congenital defects, and some accidents, most health problems are >> due to peoples choices. If our money is to be confiscated to pay >> for everyone's "human right", don't we get a say in how they live? >> How many other human rights are being trampled on then? >> >> >> >> On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman >> <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> >> wrote: >> >> Should medicine really be part of a system of supply and >> demand? I'd agree on the whole hotel thing - you don't have >> to stay there - but when you have some medical condition (and >> while yes AIDS is something you can certainly avoid) I think >> as a society and a culture we shouldn't deny a basic human right. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman >> <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: >> >> I can't defend his brashness, but the fact remains that >> pure capitalism is the best way demonstrated to date to >> innovate and health care or pharma is not exempt. Big >> rewards encourage big effort yielding big results. These >> pharma companies have something like 7 years until the >> exclusivity period expires. That can be a pretty short >> time to recover investments. This particular case may be a >> bit extreme but to say that capitalism is broken in >> America is simply ludicrous. >> >> I recently attended my sons graduation from Texas Tech on >> a Friday. Thursday night at the hotel was $159 and Friday >> was $269. I don't think that is price gouging. I think it >> is a reflection of the simple fact that there are fewer >> rooms available on that particular night than are demanded >> at $159. The equilibrium was found at $259 where supply >> and demand come closer to being equal. At that price I >> still witnessed people turned away wanting a room due to >> their poor planning. I don't think that is price gouging. >> Their hotel was full at $269 a night. The next day was >> $159 again. Since the hotel was full they probably could >> have been even higher. >> >> I really don't understand what people have such a huge >> issue with the fundamental theory of supply and demand. >> Yes I understand that it is a potentially life saving >> drug. There are other cheaper treatments. Maybe they >> aren't as good, which is why they are cheaper. When did we >> stop rewarding people for the value they provide? I know >> this jerk didn't invent it but he obviously was
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
And free internet to look up the pharmacy phone number. On Fri, Dec 18, 2015 at 9:28 AM, Christopher Tyler <ch...@totalhighspeed.net> wrote: > And a free cell phone so they can call the pharmacy. > > -- > Christopher Tyler > MTCRE/MTCNA/MTCTCE/MTCWE > Total Highspeed Internet Services > 417.851.1107 > > - Original Message - > From: "Jay Weekley" <par...@cyberbroadband.net> > To: af@afmug.com > Sent: Friday, December 18, 2015 9:27:13 AM > Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > They need clothing and transportation to food, water, shelter and > medicine. Or free delivery. > > Josh Luthman wrote: >> Food, water, shelter, medicine. The things anyone and everyone need >> to survive. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com >> <mailto:cc...@wispmon.com>> wrote: >> >> Since when has it been a basic human right? Where does it stop? >> Why are others forced to pay for peoples bad habits? Other than >> congenital defects, and some accidents, most health problems are >> due to peoples choices. If our money is to be confiscated to pay >> for everyone's "human right", don't we get a say in how they live? >> How many other human rights are being trampled on then? >> >> >> >> On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman >> <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> >> wrote: >> >> Should medicine really be part of a system of supply and >> demand? I'd agree on the whole hotel thing - you don't have >> to stay there - but when you have some medical condition (and >> while yes AIDS is something you can certainly avoid) I think >> as a society and a culture we shouldn't deny a basic human right. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman >> <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: >> >> I can't defend his brashness, but the fact remains that >> pure capitalism is the best way demonstrated to date to >> innovate and health care or pharma is not exempt. Big >> rewards encourage big effort yielding big results. These >> pharma companies have something like 7 years until the >> exclusivity period expires. That can be a pretty short >> time to recover investments. This particular case may be a >> bit extreme but to say that capitalism is broken in >> America is simply ludicrous. >> >> I recently attended my sons graduation from Texas Tech on >> a Friday. Thursday night at the hotel was $159 and Friday >> was $269. I don't think that is price gouging. I think it >> is a reflection of the simple fact that there are fewer >> rooms available on that particular night than are demanded >> at $159. The equilibrium was found at $259 where supply >> and demand come closer to being equal. At that price I >> still witnessed people turned away wanting a room due to >> their poor planning. I don't think that is price gouging. >> Their hotel was full at $269 a night. The next day was >> $159 again. Since the hotel was full they probably could >> have been even higher. >> >> I really don't understand what people have such a huge >> issue with the fundamental theory of supply and demand. >> Yes I understand that it is a potentially life saving >> drug. There are other cheaper treatments. Maybe they >> aren't as good, which is why they are cheaper. When did we >> stop rewarding people for the value they provide? I know >> this jerk didn't invent it but he obviously was willing to >> reward those who did with a price they thought fair. Sales >> over the next few years will prove if he made a mistake. >> >> Why not force Chuck to sell a unique mount he made for 5% >> over
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Well, a little known fact is that I only get 5% over the cost ;-( From: Lewis Bergman Sent: Friday, December 18, 2015 7:47 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a big libertarian at heart. Give me the loose framework of a "fair market", whatever that is, and let the system fight it out. The word isn't fair, not ever going to be fair, stop trying to warp it to be that way. Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, or whatever else gets your boat floating. On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary <patrick.le...@telrad.com> wrote: The irony? Your local poor schlub a-hole can be arrested and charged if he doubles the price of gas, water, or other life-critical goods after a natural disaster – that’s a crime in America. Meanwhile, it’s completely legal for a company to raise a life-critical drug by over 5000% -- that’s capitalism in America. Shkreli is only the most written about example. This “business trend’ is all the rage and has been widely employed in the U.S. for a number of years now. http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/ Patrick From: Af [mailto:af-boun...@afmug.com] On Behalf Of Ken Hohhof Sent: Thursday, December 17, 2015 8:28 PM To: af@afmug.com Subject: [AFMUG] OT - Martin Shkreli Apparently this guy AND HIS LAWYER were arrested today. Everybody knows him as the guy who raises drug prices 5000%, but I did not know he live streams almost daily to his fans. Watch the first video, isn't he just like every annoying, entitled, slacker kid living in his parents basement that we have to deal with bitching about his Internet? Except he is CEO of a drug company. I didn't think it was possible to hate him more, but watch the video. https://www.youtube.com/channel/UC8gjB1PSXv_oAUSAQ16S0fA This footnote confirms that this email message has been scanned by PineApp Mail-SeCure for the presence of malicious code, vandals & computer viruses. This footnote confirms that this email message has been scanned by PineApp Mail-SeCure for the presence of malicious code, vandals & computer viruses.
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crumwrote: > Since when has it been a basic human right? Where does it stop? Why are > others forced to pay for peoples bad habits? Other than congenital defects, > and some accidents, most health problems are due to peoples choices. If our > money is to be confiscated to pay for everyone's "human right", don't we > get a say in how they live? How many other human rights are being trampled > on then? > > > > On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman > wrote: > >> Should medicine really be part of a system of supply and demand? I'd >> agree on the whole hotel thing - you don't have to stay there - but when >> you have some medical condition (and while yes AIDS is something you can >> certainly avoid) I think as a society and a culture we shouldn't deny a >> basic human right. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman >> wrote: >> >>> I can't defend his brashness, but the fact remains that pure capitalism >>> is the best way demonstrated to date to innovate and health care or pharma >>> is not exempt. Big rewards encourage big effort yielding big results. These >>> pharma companies have something like 7 years until the exclusivity period >>> expires. That can be a pretty short time to recover investments. This >>> particular case may be a bit extreme but to say that capitalism is broken >>> in America is simply ludicrous. >>> >>> I recently attended my sons graduation from Texas Tech on a Friday. >>> Thursday night at the hotel was $159 and Friday was $269. I don't think >>> that is price gouging. I think it is a reflection of the simple fact that >>> there are fewer rooms available on that particular night than are demanded >>> at $159. The equilibrium was found at $259 where supply and demand come >>> closer to being equal. At that price I still witnessed people turned away >>> wanting a room due to their poor planning. I don't think that is price >>> gouging. Their hotel was full at $269 a night. The next day was $159 again. >>> Since the hotel was full they probably could have been even higher. >>> >>> I really don't understand what people have such a huge issue with the >>> fundamental theory of supply and demand. Yes I understand that it is a >>> potentially life saving drug. There are other cheaper treatments. Maybe >>> they aren't as good, which is why they are cheaper. When did we stop >>> rewarding people for the value they provide? I know this jerk didn't invent >>> it but he obviously was willing to reward those who did with a price they >>> thought fair. Sales over the next few years will prove if he made a mistake. >>> >>> Why not force Chuck to sell a unique mount he made for 5% over cost? >>> Heck, why not only cover his cost? Why not less than cost and force him to >>> provide his great product for the good of the people? There is a reason it >>> is named Animal Farm. How many have read this book? While not about >>> capitalism it does speak to the kind of central control that skulks below >>> the overt argument for "controlling" this type of behavior. >>> >>> I know people might die. I'll put on my really jerky hat and say "so >>> what?". People die every day for less meaning and in greater numbers. There >>> is practically a mass suicide movement going on now with texting and >>> driving. I don't see where people value there lives or others that much >>> anyway when reading a text or email is more important than life itself. >>> I guess I am just a big libertarian at heart. Give me the loose >>> framework of a "fair market", whatever that is, and let the system fight it >>> out. The word isn't fair, not ever going to be fair, stop trying to warp it >>> to be that way. >>> >>> Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, >>> or whatever else gets your boat floating. >>> >>> On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary >>> wrote: >>> The irony? Your local poor schlub a-hole can be arrested and charged if he doubles the price of gas, water, or other life-critical goods after a natural disaster – that’s a crime in America. Meanwhile, it’s completely legal for a company to raise a life-critical drug by over 5000% -- that’s capitalism in America. Shkreli is only the most written about example. This “business trend’ is all the rage and has been widely employed in the U.S. for a number of years now. http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/ Patrick *From:* Af
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
The drug he bought was 60 years old and any R costs were long ago paid for, and by the original company. His company is also not investing heavily in new drugs. His business model is to buy old drugs like Daraprim and hike the price. Patrick Leary, Telrad 727-501-3735 From: Af [mailto:af-boun...@afmug.com] On Behalf Of Lewis Bergman Sent: Friday, December 18, 2015 9:48 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a big libertarian at heart. Give me the loose framework of a "fair market", whatever that is, and let the system fight it out. The word isn't fair, not ever going to be fair, stop trying to warp it to be that way. Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, or whatever else gets your boat floating. On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary <patrick.le...@telrad.com<mailto:patrick.le...@telrad.com>> wrote: The irony? Your local poor schlub a-hole can be arrested and charged if he doubles the price of gas, water, or other life-critical goods after a natural disaster – that’s a crime in America. Meanwhile, it’s completely legal for a company to raise a life-critical drug by over 5000% -- that’s capitalism in America. Shkreli is only the most written about example. This “business trend’ is all the rage and has been widely employed in the U.S. for a number of years now. http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/ Patrick From: Af [mailto:af-boun...@afmug.com<mailto:af-boun...@afmug.com>] On Behalf Of Ken Hohhof Sent: Thursday, December 17, 2015 8:28 PM To: af@afmug.com<mailto:af@afmug.com> Subject: [AFMUG] OT - Martin Shkreli Apparently this guy AND HIS LAWYER were arrested today. Everybody knows him as the guy who raises drug prices 5000%, but I did not know he live streams almost daily to his fans. Watch the first video, isn't he just like every annoying, entitled, slacker kid living in his parents basement that we have to deal with bitching about his Internet? Except he is CEO of a drug company. I didn't think it was possible to hate him more, but watch the video. https://www.youtube.com/channel/UC8gjB1PSXv_oAUSAQ16S0fA This footnote confirms that this email message has been scanned by PineApp Mail-SeCure for the p
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
They need clothing and transportation to food, water, shelter and medicine. Or free delivery. Josh Luthman wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman > wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman > wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a big libertarian at heart. Give me the loose framework of a "fair market", whatever that is, and let the system fight it out. The word isn't fair, not ever going to be fair, stop trying to warp it to be that way. Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, or whatever else gets your boat floating. On Fri, Dec 18, 2015 at 8:02 AM Patrick
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
So, other than all the cases where it's completely outside of someones control, it's in their control ;) We really don't have a good handle on the root cause of many diseases, and I'm sure we're all guilty of not taking the best possible care of our bodies. The tough part I have with capitalism on healthcare is that it's almost impossible for it to be competitive. I shop around for a mechanic, or a landscaper or a builder. I'm not going to shop around for drugs and doctors when I have cancer. I don't know enough to make a qualified decision and it's not realistic to think I'm going to research every possible drug, side effect, cost, etc, before I get sick. Or be able to understand it all and make an informed decision. On 12/18/2015 9:04 AM, Cameron Crum wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman > wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a big libertarian at heart. Give me the loose framework of a "fair market", whatever that is, and let the system fight it out. The word isn't fair, not ever going to be fair, stop trying to warp it to be that way. Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, or whatever else gets your
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
And a free cell phone so they can call the pharmacy. -- Christopher Tyler MTCRE/MTCNA/MTCTCE/MTCWE Total Highspeed Internet Services 417.851.1107 - Original Message - From: "Jay Weekley" <par...@cyberbroadband.net> To: af@afmug.com Sent: Friday, December 18, 2015 9:27:13 AM Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) They need clothing and transportation to food, water, shelter and medicine. Or free delivery. Josh Luthman wrote: > Food, water, shelter, medicine. The things anyone and everyone need > to survive. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com > <mailto:cc...@wispmon.com>> wrote: > > Since when has it been a basic human right? Where does it stop? > Why are others forced to pay for peoples bad habits? Other than > congenital defects, and some accidents, most health problems are > due to peoples choices. If our money is to be confiscated to pay > for everyone's "human right", don't we get a say in how they live? > How many other human rights are being trampled on then? > > > > On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman > <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> > wrote: > > Should medicine really be part of a system of supply and > demand? I'd agree on the whole hotel thing - you don't have > to stay there - but when you have some medical condition (and > while yes AIDS is something you can certainly avoid) I think > as a society and a culture we shouldn't deny a basic human right. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman > <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: > > I can't defend his brashness, but the fact remains that > pure capitalism is the best way demonstrated to date to > innovate and health care or pharma is not exempt. Big > rewards encourage big effort yielding big results. These > pharma companies have something like 7 years until the > exclusivity period expires. That can be a pretty short > time to recover investments. This particular case may be a > bit extreme but to say that capitalism is broken in > America is simply ludicrous. > > I recently attended my sons graduation from Texas Tech on > a Friday. Thursday night at the hotel was $159 and Friday > was $269. I don't think that is price gouging. I think it > is a reflection of the simple fact that there are fewer > rooms available on that particular night than are demanded > at $159. The equilibrium was found at $259 where supply > and demand come closer to being equal. At that price I > still witnessed people turned away wanting a room due to > their poor planning. I don't think that is price gouging. > Their hotel was full at $269 a night. The next day was > $159 again. Since the hotel was full they probably could > have been even higher. > > I really don't understand what people have such a huge > issue with the fundamental theory of supply and demand. > Yes I understand that it is a potentially life saving > drug. There are other cheaper treatments. Maybe they > aren't as good, which is why they are cheaper. When did we > stop rewarding people for the value they provide? I know > this jerk didn't invent it but he obviously was willing to > reward those who did with a price they thought fair. Sales > over the next few years will prove if he made a mistake. > > Why not force Chuck to sell a unique mount he made for 5% > over cost? Heck, why not only cover his cost? Why not less > than cost and force him to provide his great product for > the good of the people? There is a reason it is named > Animal Farm. How many have read this book? While not about > capitalism it does speak to the kind of central control > that skulks below the overt argument for "controlling" > this type of behavior. > > I know people might die. I'll put on my really jerky hat >
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
The guy isn’t “brash”, any of the adjectives I think of are inappropriate for a public forum. Read this interview, or just skip to the end: http://hiphopdx.com/interviews/id.2825/title.martin-shkreli-plans-to-bail-out-bobby-shmurda Or watch his live stream. As far as capitalism, the approach is to find something that is inexpensive to make and has been around forever and there is only one supplier because there isn’t enough demand for multiple suppliers. So you buy that supplier and jack the price up to ridiculous levels until a competitor can go through getting government approval to compete, which can take a year or more. Meanwhile, you make a bazillion percent profit, because of a temporary market failure. That isn’t really capitalism. It’s exploiting a loophole. Capitalism assumes an efficient market, where competition drives prices down to cost plus a reasonable profit. The pharma market is different for two reasons. First, there is a lengthy government approval process. Second, the payer is usually an insurance company, pharmacy benefit manager, or Medicare. From: Lewis Bergman Sent: Friday, December 18, 2015 8:47 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a big libertarian at heart. Give me the loose framework of a "fair market", whatever that is, and let the system fight it out. The word isn't fair, not ever going to be fair, stop trying to warp it to be that way. Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, or whatever else gets your boat floating. On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary <patrick.le...@telrad.com> wrote: The irony? Your local poor schlub a-hole can be arrested and charged if he doubles the price of gas, water, or other life-critical goods after a natural disaster – that’s a crime in America. Meanwhile, it’s completely legal for a company to raise a life-critical drug by over 5000% -- that’s capitalism in America. Shkreli is only the most written about example. This “business trend’ is all the rage and has been widely employed in the U.S. for a number of years now. http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/ Patrick From: Af [mailto:af-boun...@afmug.com] On Behalf Of Ken Hohhof Sent: Thursday, December 17, 2015 8:28 PM To: af@afmug.com Subject: [AFMUG] OT - Martin Shkreli Apparently this guy AND HIS LAWYER were arrested today. Everybody knows him as
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a big libertarian at heart. Give me the loose framework of a "fair market", whatever that is, and let the system fight it out. The word isn't fair, not ever going to be fair, stop trying to warp it to be that way. Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, or whatever else gets your boat floating. On Fri, Dec 18, 2015 at 8:02 AM Patrick Learywrote: > The irony? Your local poor schlub a-hole can be arrested and charged if he > doubles the price of gas, water, or other life-critical goods after a > natural disaster – that’s a crime in America. Meanwhile, it’s completely > legal for a company to raise a life-critical drug by over 5000% -- that’s > capitalism in America. > > > > Shkreli is only the most written about example. This “business trend’ is > all the rage and has been widely employed in the U.S. for a number of years > now. > http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/ > > > > Patrick > > > > *From:* Af [mailto:af-boun...@afmug.com] *On Behalf Of *Ken Hohhof > *Sent:* Thursday, December 17, 2015 8:28 PM > *To:* af@afmug.com > *Subject:* [AFMUG] OT - Martin Shkreli > > > > Apparently this guy AND HIS LAWYER were arrested today. Everybody knows > him as the guy who raises drug prices 5000%, but I did not know he live > streams almost daily to his fans. > > > > Watch the first video, isn't he just like every annoying, entitled, > slacker kid living in his parents basement that we have to deal with > bitching about his Internet? Except he is CEO of a drug company. > > > > I didn't think it was possible to hate him more, but watch the video. > > > > https://www.youtube.com/channel/UC8gjB1PSXv_oAUSAQ16S0fA > > > > > > > > This footnote confirms that this email message has been scanned by > PineApp Mail-SeCure for the presence of malicious code, vandals & computer > viruses. > > > > > > > > > This footnote confirms that this email message has been scanned by > PineApp Mail-SeCure for the presence of malicious code, vandals & computer > viruses. > > > >
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
I loophole created by the government from the regulatory environment the government setup which now needs to be fixed by Whom? The government. Not saying there should be no regulation of drugs. I don't want to go back to the tapeworm diet pill. But the pharma industry is an excellent example of why everything the government gets involved in will eventually be so broken it needs to be trashed and restarted from scratch. On Fri, Dec 18, 2015 at 9:06 AM Ken Hohhof <af...@kwisp.com> wrote: > The guy isn’t “brash”, any of the adjectives I think of are inappropriate > for a public forum. > > Read this interview, or just skip to the end: > > http://hiphopdx.com/interviews/id.2825/title.martin-shkreli-plans-to-bail-out-bobby-shmurda > > Or watch his live stream. > > As far as capitalism, the approach is to find something that is > inexpensive to make and has been around forever and there is only one > supplier because there isn’t enough demand for multiple suppliers. So you > buy that supplier and jack the price up to ridiculous levels until a > competitor can go through getting government approval to compete, which can > take a year or more. Meanwhile, you make a bazillion percent profit, > because of a temporary market failure. > > That isn’t really capitalism. It’s exploiting a loophole. Capitalism > assumes an efficient market, where competition drives prices down to cost > plus a reasonable profit. The pharma market is different for two reasons. > First, there is a lengthy government approval process. Second, the payer > is usually an insurance company, pharmacy benefit manager, or Medicare. > > > *From:* Lewis Bergman <lewis.berg...@gmail.com> > *Sent:* Friday, December 18, 2015 8:47 AM > *To:* af@afmug.com > *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > I can't defend his brashness, but the fact remains that pure capitalism is > the best way demonstrated to date to innovate and health care or pharma is > not exempt. Big rewards encourage big effort yielding big results. These > pharma companies have something like 7 years until the exclusivity period > expires. That can be a pretty short time to recover investments. This > particular case may be a bit extreme but to say that capitalism is broken > in America is simply ludicrous. > > I recently attended my sons graduation from Texas Tech on a Friday. > Thursday night at the hotel was $159 and Friday was $269. I don't think > that is price gouging. I think it is a reflection of the simple fact that > there are fewer rooms available on that particular night than are demanded > at $159. The equilibrium was found at $259 where supply and demand come > closer to being equal. At that price I still witnessed people turned away > wanting a room due to their poor planning. I don't think that is price > gouging. Their hotel was full at $269 a night. The next day was $159 again. > Since the hotel was full they probably could have been even higher. > > I really don't understand what people have such a huge issue with the > fundamental theory of supply and demand. Yes I understand that it is a > potentially life saving drug. There are other cheaper treatments. Maybe > they aren't as good, which is why they are cheaper. When did we stop > rewarding people for the value they provide? I know this jerk didn't invent > it but he obviously was willing to reward those who did with a price they > thought fair. Sales over the next few years will prove if he made a mistake. > > Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, > why not only cover his cost? Why not less than cost and force him to > provide his great product for the good of the people? There is a reason it > is named Animal Farm. How many have read this book? While not about > capitalism it does speak to the kind of central control that skulks below > the overt argument for "controlling" this type of behavior. > > I know people might die. I'll put on my really jerky hat and say "so > what?". People die every day for less meaning and in greater numbers. There > is practically a mass suicide movement going on now with texting and > driving. I don't see where people value there lives or others that much > anyway when reading a text or email is more important than life itself. > I guess I am just a big libertarian at heart. Give me the loose framework > of a "fair market", whatever that is, and let the system fight it out. The > word isn't fair, not ever going to be fair, stop trying to warp it to be > that way. > > Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, > or whatever else gets your boat floating. > > On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary <patrick.le...
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
I have the TV news channel on and they just played a clip from the movie “Christmas Vacation” that I could borrow to describe Shkreli: I want him brought from his happy holiday slumber over there on Melody Lane with all the other rich people and I want him brought right here, with a big ribbon on his head, and I want to look him straight in the eye and I want to tell him what a cheap, lying, no-good, rotten, four-flushing, low-life, snake-licking, dirt-eating, inbred, overstuffed, ignorant, blood-sucking, dog-kissing, brainless, dickless, hopeless, heartless, fat-ass, bug-eyed, stiff-legged, spotty-lipped, worm-headed sack of monkey shit he is! Hallelujah! Holy shit! Where's the Tylenol? From: Josh Luthman Sent: Friday, December 18, 2015 9:34 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) Damn you guys are brutal! Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:33 AM, Ken Hohhof <af...@kwisp.com> wrote: Bah, humbug. -Original Message- From: Christopher Tyler Sent: Friday, December 18, 2015 9:28 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) And a free cell phone so they can call the pharmacy. -- Christopher Tyler MTCRE/MTCNA/MTCTCE/MTCWE Total Highspeed Internet Services 417.851.1107 - Original Message - From: "Jay Weekley" <par...@cyberbroadband.net> To: af@afmug.com Sent: Friday, December 18, 2015 9:27:13 AM Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) They need clothing and transportation to food, water, shelter and medicine. Or free delivery. Josh Luthman wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
You know Die Hard and Bad Santa are my Christmas movies anymore. Griswold's Family Christmas just doesn't do it for me anymore... Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:38 AM, Ken Hohhof <af...@kwisp.com> wrote: > I have the TV news channel on and they just played a clip from the movie > “Christmas Vacation” that I could borrow to describe Shkreli: > > I want him brought from his happy holiday slumber over there on Melody > Lane with all the other rich people and I want him brought right here, with > a big ribbon on his head, and I want to look him straight in the eye and I > want to tell him what a cheap, lying, no-good, rotten, four-flushing, > low-life, snake-licking, dirt-eating, inbred, overstuffed, ignorant, > blood-sucking, dog-kissing, brainless, dickless, hopeless, heartless, > fat-ass, bug-eyed, stiff-legged, spotty-lipped, worm-headed sack of monkey > shit he is! Hallelujah! Holy shit! Where's the Tylenol? > > > > *From:* Josh Luthman <j...@imaginenetworksllc.com> > *Sent:* Friday, December 18, 2015 9:34 AM > *To:* af@afmug.com > *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > Damn you guys are brutal! > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 10:33 AM, Ken Hohhof <af...@kwisp.com> wrote: > >> Bah, humbug. >> >> -Original Message- From: Christopher Tyler >> Sent: Friday, December 18, 2015 9:28 AM >> To: af@afmug.com >> >> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) >> >> And a free cell phone so they can call the pharmacy. >> >> -- >> Christopher Tyler >> MTCRE/MTCNA/MTCTCE/MTCWE >> Total Highspeed Internet Services >> 417.851.1107 >> >> - Original Message - >> From: "Jay Weekley" <par...@cyberbroadband.net> >> To: af@afmug.com >> Sent: Friday, December 18, 2015 9:27:13 AM >> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) >> >> They need clothing and transportation to food, water, shelter and >> medicine. Or free delivery. >> >> Josh Luthman wrote: >> >>> Food, water, shelter, medicine. The things anyone and everyone need >>> to survive. >>> >>> >>> Josh Luthman >>> Office: 937-552-2340 >>> Direct: 937-552-2343 >>> 1100 Wayne St >>> Suite 1337 >>> Troy, OH 45373 >>> >>> On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com >>> <mailto:cc...@wispmon.com>> wrote: >>> >>> Since when has it been a basic human right? Where does it stop? >>> Why are others forced to pay for peoples bad habits? Other than >>> congenital defects, and some accidents, most health problems are >>> due to peoples choices. If our money is to be confiscated to pay >>> for everyone's "human right", don't we get a say in how they live? >>> How many other human rights are being trampled on then? >>> >>> >>> >>> On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman >>> <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> >>> wrote: >>> >>> Should medicine really be part of a system of supply and >>> demand? I'd agree on the whole hotel thing - you don't have >>> to stay there - but when you have some medical condition (and >>> while yes AIDS is something you can certainly avoid) I think >>> as a society and a culture we shouldn't deny a basic human right. >>> >>> >>> Josh Luthman >>> Office: 937-552-2340 >>> Direct: 937-552-2343 >>> 1100 Wayne St >>> Suite 1337 >>> Troy, OH 45373 >>> >>> On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman >>> <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> >>> wrote: >>> >>> I can't defend his brashness, but the fact remains that >>> pure capitalism is the best way demonstrated to date to >>> innovate and health care or pharma is not exempt. Big >>> rewards encourage big effort yielding big results. These >>> pharma companies have something like 7 years until the >>> exclusivity period expires. That can be a pretty short >>>
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
I have to disagree. 200 years ago there were practically no medicines worth talking about yet here we all are. Medicine, while a fantastic advancement, does not rise to the level of air, water, food, and shelter. On Fri, Dec 18, 2015 at 9:17 AM Josh Luthmanwrote: > Food, water, shelter, medicine. The things anyone and everyone need to > survive. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum wrote: > >> Since when has it been a basic human right? Where does it stop? Why are >> others forced to pay for peoples bad habits? Other than congenital defects, >> and some accidents, most health problems are due to peoples choices. If our >> money is to be confiscated to pay for everyone's "human right", don't we >> get a say in how they live? How many other human rights are being trampled >> on then? >> >> >> On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman < >> j...@imaginenetworksllc.com> wrote: >> > Should medicine really be part of a system of supply and demand? I'd >>> agree on the whole hotel thing - you don't have to stay there - but when >>> you have some medical condition (and while yes AIDS is something you can >>> certainly avoid) I think as a society and a culture we shouldn't deny a >>> basic human right. >>> >> >>> >>> Josh Luthman >>> Office: 937-552-2340 >>> Direct: 937-552-2343 >>> 1100 Wayne St >>> Suite 1337 >>> Troy, OH 45373 >>> >> On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman >>> wrote: >>> >> I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a big libertarian at heart. Give me the loose framework of a "fair market", whatever that is, and let the system fight it out. The word isn't fair, not ever going to be fair, stop trying to warp it to be that way. Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, or whatever else gets your boat floating. On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary wrote: > The irony? Your local poor schlub a-hole can be arrested and charged > if he doubles the price of gas, water, or other life-critical goods after > a > natural disaster – that’s a crime in America. Meanwhile, it’s completely > legal for a company to raise a
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
I have to ask myself why a drug that is 69 years old is manufactured by one entity in the US and other global manufacturers don't have access to our market. More research would probably give me the answer or a bunch of conspiracy theories. Lewis Bergman wrote: I loophole created by the government from the regulatory environment the government setup which now needs to be fixed by Whom? The government. Not saying there should be no regulation of drugs. I don't want to go back to the tapeworm diet pill. But the pharma industry is an excellent example of why everything the government gets involved in will eventually be so broken it needs to be trashed and restarted from scratch. On Fri, Dec 18, 2015 at 9:06 AM Ken Hohhof <af...@kwisp.com <mailto:af...@kwisp.com>> wrote: The guy isn’t “brash”, any of the adjectives I think of are inappropriate for a public forum. Read this interview, or just skip to the end: http://hiphopdx.com/interviews/id.2825/title.martin-shkreli-plans-to-bail-out-bobby-shmurda Or watch his live stream. As far as capitalism, the approach is to find something that is inexpensive to make and has been around forever and there is only one supplier because there isn’t enough demand for multiple suppliers. So you buy that supplier and jack the price up to ridiculous levels until a competitor can go through getting government approval to compete, which can take a year or more. Meanwhile, you make a bazillion percent profit, because of a temporary market failure. That isn’t really capitalism. It’s exploiting a loophole. Capitalism assumes an efficient market, where competition drives prices down to cost plus a reasonable profit. The pharma market is different for two reasons. First, there is a lengthy government approval process. Second, the payer is usually an insurance company, pharmacy benefit manager, or Medicare. *From:* Lewis Bergman <mailto:lewis.berg...@gmail.com> *Sent:* Friday, December 18, 2015 8:47 AM *To:* af@afmug.com <mailto:af@afmug.com> *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a big libertarian at heart. Give me the loose framework of a "fair market", whatever that is, and let the system fight it out. The word isn't fair, not ever going to be fai
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Here’s some more info on how he games the system (have to read the article, it’s a more complicated scam than just raising prices). http://www.nytimes.com/2015/12/12/business/martin-shkrelis-latest-plan-to-sharply-raise-drug-price-prompts-outcry.html?_r=0 From: Patrick Leary Sent: Friday, December 18, 2015 10:21 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) …or maybe never had a child in need of life-saving drugs. In any event, some can pretend this is good business, but we all pay for it in taxes for things like Medicare and Medicaid. Nothing happens in isolation. Sort of like how the American taxpayers are on the hook for billions in food stamp costs and other support because Wal-Mart and the like pay poverty wages. So the “capitalism” is really just passing their costs onto taxpayers. Once Big Business learned that trick, we were all hosed. Patrick Leary, Telrad 727-501-3735 From: Af [mailto:af-boun...@afmug.com] On Behalf Of Josh Luthman Sent: Friday, December 18, 2015 10:35 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) Damn you guys are brutal! Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:33 AM, Ken Hohhof <af...@kwisp.com> wrote: Bah, humbug. -Original Message- From: Christopher Tyler Sent: Friday, December 18, 2015 9:28 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) And a free cell phone so they can call the pharmacy. -- Christopher Tyler MTCRE/MTCNA/MTCTCE/MTCWE Total Highspeed Internet Services 417.851.1107 - Original Message - From: "Jay Weekley" <par...@cyberbroadband.net> To: af@afmug.com Sent: Friday, December 18, 2015 9:27:13 AM Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) They need clothing and transportation to food, water, shelter and medicine. Or free delivery. Josh Luthman wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. T
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
You mean to tell me 200 years ago there wasn't any medicine? Sure it's far superior now, but in the 1800s they had basics. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergmanwrote: > I have to disagree. 200 years ago there were practically no medicines > worth talking about yet here we all are. Medicine, while a fantastic > advancement, does not rise to the level of air, water, food, and shelter. > > On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman > wrote: > >> Food, water, shelter, medicine. The things anyone and everyone need to >> survive. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum wrote: >> >>> Since when has it been a basic human right? Where does it stop? Why are >>> others forced to pay for peoples bad habits? Other than congenital defects, >>> and some accidents, most health problems are due to peoples choices. If our >>> money is to be confiscated to pay for everyone's "human right", don't we >>> get a say in how they live? How many other human rights are being trampled >>> on then? >>> >>> >>> On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman < >>> j...@imaginenetworksllc.com> wrote: >>> >> Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. >>> Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 >>> On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman wrote: >>> I can't defend his brashness, but the fact remains that pure capitalism > is the best way demonstrated to date to innovate and health care or pharma > is not exempt. Big rewards encourage big effort yielding big results. > These > pharma companies have something like 7 years until the exclusivity period > expires. That can be a pretty short time to recover investments. This > particular case may be a bit extreme but to say that capitalism is broken > in America is simply ludicrous. > > I recently attended my sons graduation from Texas Tech on a Friday. > Thursday night at the hotel was $159 and Friday was $269. I don't think > that is price gouging. I think it is a reflection of the simple fact that > there are fewer rooms available on that particular night than are demanded > at $159. The equilibrium was found at $259 where supply and demand come > closer to being equal. At that price I still witnessed people turned away > wanting a room due to their poor planning. I don't think that is price > gouging. Their hotel was full at $269 a night. The next day was $159 > again. > Since the hotel was full they probably could have been even higher. > > I really don't understand what people have such a huge issue with the > fundamental theory of supply and demand. Yes I understand that it is a > potentially life saving drug. There are other cheaper treatments. Maybe > they aren't as good, which is why they are cheaper. When did we stop > rewarding people for the value they provide? I know this jerk didn't > invent > it but he obviously was willing to reward those who did with a price they > thought fair. Sales over the next few years will prove if he made a > mistake. > > Why not force Chuck to sell a unique mount he made for 5% over cost? > Heck, why not only cover his cost? Why not less than cost and force him to > provide his great product for the good of the people? There is a reason it > is named Animal Farm. How many have read this book? While not about > capitalism it does speak to the kind of central control that skulks below > the overt argument for "controlling" this type of behavior. > > I know people might die. I'll put on my really jerky hat and say "so > what?". People die every day for less meaning and in greater numbers. > There > is practically a mass suicide movement going on now with texting and > driving. I don't see where people value there lives or others that much > anyway when reading a text or email is more important than life itself. > I guess I am just a big libertarian at heart. Give me the loose > framework of a "fair market", whatever that is, and let the system fight > it > out. The word isn't fair, not ever going to be fair, stop trying to warp > it > to be that way. > > Have fun with that on a Friday and have a Merry Christmas, Happy
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
I guess it boils down to what sort of society one wishes to create. One where I got mine, screw the rest of you or one where people do care about the betterment of the body politic, the civil evolution of society. Playing ideological absolutism is a luxury enjoyed by a morally bankrupt culture, sort of like D’aesh. I can’t tell you how much it brings me Christmas cheer to read other Americans with values much more in common with the fetid streets of Mogadishu than the humane avenues of Copenhagen or Stockholm. Patrick Leary From: Af [mailto:af-boun...@afmug.com] On Behalf Of Mathew Howard Sent: Friday, December 18, 2015 12:02 PM To: af <af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) Sure, but you can pretty much guarantee that nobody is going to have a life span of much more than a few weeks without food, and it's perfectly possible for (some) people to live 100 years without ever touching any sort of medicine. I don't see how something that doesn't exist until someone puts a lot of time and energy into creating it can be considered a human right. On Fri, Dec 18, 2015 at 10:57 AM, Simon Westlake <simon@sonar.software<mailto:simon@sonar.software>> wrote: Well, technically you don't need food to survive either, just live longer. On 12/18/2015 10:56 AM, Daniel White wrote: You don’t need medicine to survive. You need medicine to live longer. Humans existed well before the concept of medicine was discovered (and even longer before antidotal “medicine man” cures became modern medicine). Thank you, Daniel White afmu...@gmail.com<mailto:afmu...@gmail.com> Cell: +1 (303) 746-3590<tel:%2B1%20%28303%29%20746-3590> Skype: danieldwhite Social: LinkedIn<http://www.linkedin.com/in/danielwhite84>: Twitter<https://twitter.com/DanielWhite84> From: Af [mailto:af-boun...@afmug.com] On Behalf Of Josh Luthman Sent: Friday, December 18, 2015 8:17 AM To: af@afmug.com<mailto:af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com<mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
I understand your premise but Penicillin was discovered, not invented. It would likely be just as difficult for Christopher Columbus to patent America. The process to mass produce it is patented. But I do get your point. This idiot is only 35 or something. He will likely eventually get a heart and a mind just like Carnegie did. On Fri, Dec 18, 2015 at 10:55 AM Patrick Leary <patrick.le...@telrad.com> wrote: > The discovery of penicillin literally changed life for all of humanity. > Imagine if Shkreli had invented it. Divorcing ethics from capitalism is a > fool’s fairytale. Anyone who justifies it has never read about the history > of the legal invention of “corporation.” > > > > - Patrick > > > > *From:* Af [mailto:af-boun...@afmug.com] *On Behalf Of *Josh Luthman > *Sent:* Friday, December 18, 2015 11:40 AM > *To:* af@afmug.com > > > *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > > > You mean to tell me 200 years ago there wasn't any medicine? Sure it's > far superior now, but in the 1800s they had basics. > > > > > Josh Luthman > > > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > > > On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman <lewis.berg...@gmail.com> > wrote: > > I have to disagree. 200 years ago there were practically no medicines > worth talking about yet here we all are. Medicine, while a fantastic > advancement, does not rise to the level of air, water, food, and shelter. > > On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman <j...@imaginenetworksllc.com> > wrote: > > Food, water, shelter, medicine. The things anyone and everyone need to > survive. > > > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > > > On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com> wrote: > > Since when has it been a basic human right? Where does it stop? Why are > others forced to pay for peoples bad habits? Other than congenital defects, > and some accidents, most health problems are due to peoples choices. If our > money is to be confiscated to pay for everyone's "human right", don't we > get a say in how they live? How many other human rights are being trampled > on then? > > > > > > On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com> > wrote: > > Should medicine really be part of a system of supply and demand? I'd > agree on the whole hotel thing - you don't have to stay there - but when > you have some medical condition (and while yes AIDS is something you can > certainly avoid) I think as a society and a culture we shouldn't deny a > basic human right. > > > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com> > wrote: > > I can't defend his brashness, but the fact remains that pure capitalism is > the best way demonstrated to date to innovate and health care or pharma is > not exempt. Big rewards encourage big effort yielding big results. These > pharma companies have something like 7 years until the exclusivity period > expires. That can be a pretty short time to recover investments. This > particular case may be a bit extreme but to say that capitalism is broken > in America is simply ludicrous. > > > > I recently attended my sons graduation from Texas Tech on a Friday. > Thursday night at the hotel was $159 and Friday was $269. I don't think > that is price gouging. I think it is a reflection of the simple fact that > there are fewer rooms available on that particular night than are demanded > at $159. The equilibrium was found at $259 where supply and demand come > closer to being equal. At that price I still witnessed people turned away > wanting a room due to their poor planning. I don't think that is price > gouging. Their hotel was full at $269 a night. The next day was $159 again. > Since the hotel was full they probably could have been even higher. > > > > I really don't understand what people have such a huge issue with the > fundamental theory of supply and demand. Yes I understand that it is a > potentially life saving drug. There are other cheaper treatments. Maybe > they aren't as good, which is why they are cheaper. When did we stop > rewarding people for the value they provide? I know this jerk didn't invent > it but he obviously was willing to reward those who did with a price they > thought fair. Sales over the next few years will prove if he made a mistake. > > >
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
The discovery of penicillin literally changed life for all of humanity. Imagine if Shkreli had invented it. Divorcing ethics from capitalism is a fool’s fairytale. Anyone who justifies it has never read about the history of the legal invention of “corporation.” - Patrick From: Af [mailto:af-boun...@afmug.com] On Behalf Of Josh Luthman Sent: Friday, December 18, 2015 11:40 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) You mean to tell me 200 years ago there wasn't any medicine? Sure it's far superior now, but in the 1800s they had basics. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I have to disagree. 200 years ago there were practically no medicines worth talking about yet here we all are. Medicine, while a fantastic advancement, does not rise to the level of air, water, food, and shelter. On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com<mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
You assume I haven't when in fact I was part of the socialist healthcare system that some want to force everyone onto when I did need care the government was incapable of providing. My son was asthmatic and was in the hospital 6 times in one month. The military health system could not, or would not, care for him. Instead, they preferred to accuse my wife of mistreating him. What saved him was the PRIVATE health care system. We drove him several times to a very good PRIVATE hospital 4 hours away to get the care the government could not or would not provide even though my son was entitled to it. I was happy to pay for that our of my own pocket. Why? Not because they were trying to be bad at their job, they just were incompetent, untrained, and unwilling to do much about it. Without the private health care system and a doctor who sacrificed a great amount of his time for the reward of wealth he thought would be his reward I may have lost him. Maybe your the one who has never needed a life saving treatment or medicine. I have been there and it keenly illustrated that without the private sector (capitalism) and the incentive it provides a life may have been lost. I was willing to pay what it took to get my son the help he needed. Take that same case where there was no private sector. No son. I think I'll take my chances with the private sector I may be able to afford than the government sector that can't provide what i need at any cost. On your corporate welfare point I agree. There should be no medicare, medicaid, or food stamps so there is no passing the buck. What I mean by that is there should be no supplement that is a permanent entitlement. Everyone has hard times and needs a bit of help now and again. The system we have set up to permanently shackle the poor to entitlements is a disservice to everyone including them. If we did not have those programs the Wal-Marts of the US would have to either suffer the massive turnover as employees gained an understanding of what that wage really meant or up the anti. There was a time when you needed help you went to family and if not that, church. Even if you didn't believe what the guy handing out bread and soup believed, he had bread and soup. Although I must admit, from my limited experience in Wal-Mart it appears that they do employ the otherwise unemployable so there is that. On Fri, Dec 18, 2015 at 10:21 AM Patrick Leary <patrick.le...@telrad.com> wrote: > …or maybe never had a child in need of life-saving drugs. > > > > In any event, some can pretend this is good business, but we all pay for > it in taxes for things like Medicare and Medicaid. Nothing happens in > isolation. Sort of like how the American taxpayers are on the hook for > billions in food stamp costs and other support because Wal-Mart and the > like pay poverty wages. So the “capitalism” is really just passing their > costs onto taxpayers. Once Big Business learned that trick, we were all > hosed. > > > > Patrick Leary, Telrad > > 727-501-3735 > > > > *From:* Af [mailto:af-boun...@afmug.com] *On Behalf Of *Josh Luthman > *Sent:* Friday, December 18, 2015 10:35 AM > > > *To:* af@afmug.com > *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > > > Damn you guys are brutal! > > > > > Josh Luthman > > > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > > > On Fri, Dec 18, 2015 at 10:33 AM, Ken Hohhof <af...@kwisp.com> wrote: > > Bah, humbug. > > -Original Message- From: Christopher Tyler > > Sent: Friday, December 18, 2015 9:28 AM > To: af@afmug.com > > > Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > And a free cell phone so they can call the pharmacy. > > -- > Christopher Tyler > MTCRE/MTCNA/MTCTCE/MTCWE > Total Highspeed Internet Services > 417.851.1107 > > - Original Message - > From: "Jay Weekley" <par...@cyberbroadband.net> > To: af@afmug.com > > Sent: Friday, December 18, 2015 9:27:13 AM > Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > They need clothing and transportation to food, water, shelter and > medicine. Or free delivery. > > Josh Luthman wrote: > > Food, water, shelter, medicine. The things anyone and everyone need > to survive. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com > > <mailto:cc...@wispmon.com>> wrote: > > Since when has it been a basic human right? Where does it stop? > Why are others forced to pay for peoples bad habits? Other than > congenital defects, and some accidents, most healt
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
In places like Canada and Germany, where healthcare is universal and paid through common burden via taxes, the doctors are NOT government employees. You take one episodic experience (a sincere and painful one for your family to be sure) with a failed system and use that to indict as bad and inefficient universal systems. In fact, the example you cite bolsters my argument, as the VA is run as it is because our system sucks where agencies like the VA are chronically underfunded and understaffed. The idea that private care somehow ceases to exist in a universal system is simply false. This is a key mistake some in our culture have been taught by ideologues bent on obscuring fact. People who advocate for “single payer” (and those who understand it factually) know the only real argument is how things are paid for, not how services are delivered. Additionally, in every place where universal care exists, there also exists elective choices that can be accessed outside the basic system. Patrick From: Af [mailto:af-boun...@afmug.com] On Behalf Of Lewis Bergman Sent: Friday, December 18, 2015 12:21 PM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) You assume I haven't when in fact I was part of the socialist healthcare system that some want to force everyone onto when I did need care the government was incapable of providing. My son was asthmatic and was in the hospital 6 times in one month. The military health system could not, or would not, care for him. Instead, they preferred to accuse my wife of mistreating him. What saved him was the PRIVATE health care system. We drove him several times to a very good PRIVATE hospital 4 hours away to get the care the government could not or would not provide even though my son was entitled to it. I was happy to pay for that our of my own pocket. Why? Not because they were trying to be bad at their job, they just were incompetent, untrained, and unwilling to do much about it. Without the private health care system and a doctor who sacrificed a great amount of his time for the reward of wealth he thought would be his reward I may have lost him. Maybe your the one who has never needed a life saving treatment or medicine. I have been there and it keenly illustrated that without the private sector (capitalism) and the incentive it provides a life may have been lost. I was willing to pay what it took to get my son the help he needed. Take that same case where there was no private sector. No son. I think I'll take my chances with the private sector I may be able to afford than the government sector that can't provide what i need at any cost. On your corporate welfare point I agree. There should be no medicare, medicaid, or food stamps so there is no passing the buck. What I mean by that is there should be no supplement that is a permanent entitlement. Everyone has hard times and needs a bit of help now and again. The system we have set up to permanently shackle the poor to entitlements is a disservice to everyone including them. If we did not have those programs the Wal-Marts of the US would have to either suffer the massive turnover as employees gained an understanding of what that wage really meant or up the anti. There was a time when you needed help you went to family and if not that, church. Even if you didn't believe what the guy handing out bread and soup believed, he had bread and soup. Although I must admit, from my limited experience in Wal-Mart it appears that they do employ the otherwise unemployable so there is that. On Fri, Dec 18, 2015 at 10:21 AM Patrick Leary <patrick.le...@telrad.com<mailto:patrick.le...@telrad.com>> wrote: …or maybe never had a child in need of life-saving drugs. In any event, some can pretend this is good business, but we all pay for it in taxes for things like Medicare and Medicaid. Nothing happens in isolation. Sort of like how the American taxpayers are on the hook for billions in food stamp costs and other support because Wal-Mart and the like pay poverty wages. So the “capitalism” is really just passing their costs onto taxpayers. Once Big Business learned that trick, we were all hosed. Patrick Leary, Telrad 727-501-3735 From: Af [mailto:af-boun...@afmug.com<mailto:af-boun...@afmug.com>] On Behalf Of Josh Luthman Sent: Friday, December 18, 2015 10:35 AM To: af@afmug.com<mailto:af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) Damn you guys are brutal! Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:33 AM, Ken Hohhof <af...@kwisp.com<mailto:af...@kwisp.com>> wrote: Bah, humbug. -Original Message- From: Christopher Tyler Sent: Friday, December 18, 2015 9:28 AM To: af@afmug.com<mailto:af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) And a free cell phone so they can call the pharmacy
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
…clearly I am having too much fun with this thread! Merry Christmas to all. I do not, truly, doubt the hearts of those in the WISP community. After 16 years in this business, I know well the character of the men and women who call themselves WISPs and I love you all for it. Patrick Leary, Telrad 727-501-3735 From: Af [mailto:af-boun...@afmug.com] On Behalf Of Patrick Leary Sent: Friday, December 18, 2015 1:01 PM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) My sincere hope – and it is a vengeful wish – is that he learns this humility pondering his soul as he paces his 8x6 cell in sharting trepidation upon realizing he is such a cute little thing! Patrick Leary From: Af [mailto:af-boun...@afmug.com] On Behalf Of Lewis Bergman Sent: Friday, December 18, 2015 12:56 PM To: af@afmug.com<mailto:af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) I understand your premise but Penicillin was discovered, not invented. It would likely be just as difficult for Christopher Columbus to patent America. The process to mass produce it is patented. But I do get your point. This idiot is only 35 or something. He will likely eventually get a heart and a mind just like Carnegie did. On Fri, Dec 18, 2015 at 10:55 AM Patrick Leary <patrick.le...@telrad.com<mailto:patrick.le...@telrad.com>> wrote: The discovery of penicillin literally changed life for all of humanity. Imagine if Shkreli had invented it. Divorcing ethics from capitalism is a fool’s fairytale. Anyone who justifies it has never read about the history of the legal invention of “corporation.” - Patrick From: Af [mailto:af-boun...@afmug.com<mailto:af-boun...@afmug.com>] On Behalf Of Josh Luthman Sent: Friday, December 18, 2015 11:40 AM To: af@afmug.com<mailto:af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) You mean to tell me 200 years ago there wasn't any medicine? Sure it's far superior now, but in the 1800s they had basics. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I have to disagree. 200 years ago there were practically no medicines worth talking about yet here we all are. Medicine, while a fantastic advancement, does not rise to the level of air, water, food, and shelter. On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com<mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night.
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
…or maybe never had a child in need of life-saving drugs. In any event, some can pretend this is good business, but we all pay for it in taxes for things like Medicare and Medicaid. Nothing happens in isolation. Sort of like how the American taxpayers are on the hook for billions in food stamp costs and other support because Wal-Mart and the like pay poverty wages. So the “capitalism” is really just passing their costs onto taxpayers. Once Big Business learned that trick, we were all hosed. Patrick Leary, Telrad 727-501-3735 From: Af [mailto:af-boun...@afmug.com] On Behalf Of Josh Luthman Sent: Friday, December 18, 2015 10:35 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) Damn you guys are brutal! Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:33 AM, Ken Hohhof <af...@kwisp.com<mailto:af...@kwisp.com>> wrote: Bah, humbug. -Original Message- From: Christopher Tyler Sent: Friday, December 18, 2015 9:28 AM To: af@afmug.com<mailto:af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) And a free cell phone so they can call the pharmacy. -- Christopher Tyler MTCRE/MTCNA/MTCTCE/MTCWE Total Highspeed Internet Services 417.851.1107 - Original Message - From: "Jay Weekley" <par...@cyberbroadband.net<mailto:par...@cyberbroadband.net>> To: af@afmug.com<mailto:af@afmug.com> Sent: Friday, December 18, 2015 9:27:13 AM Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) They need clothing and transportation to food, water, shelter and medicine. Or free delivery. Josh Luthman wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com<mailto:cc...@wispmon.com> <mailto:cc...@wispmon.com<mailto:cc...@wispmon.com>>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com> <mailto:j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 <tel:937-552-2340> Direct: 937-552-2343 <tel:937-552-2343> 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com> <mailto:lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand.
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Sure, they had leeches... leeches are good for everything. On Fri, Dec 18, 2015 at 10:39 AM, Josh Luthmanwrote: > You mean to tell me 200 years ago there wasn't any medicine? Sure it's > far superior now, but in the 1800s they had basics. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman > wrote: > >> I have to disagree. 200 years ago there were practically no medicines >> worth talking about yet here we all are. Medicine, while a fantastic >> advancement, does not rise to the level of air, water, food, and shelter. >> >> On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman >> wrote: >> >>> Food, water, shelter, medicine. The things anyone and everyone need to >>> survive. >>> >>> >>> Josh Luthman >>> Office: 937-552-2340 >>> Direct: 937-552-2343 >>> 1100 Wayne St >>> Suite 1337 >>> Troy, OH 45373 >>> >>> On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum >>> wrote: >>> Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman < j...@imaginenetworksllc.com> wrote: >>> Should medicine really be part of a system of supply and demand? I'd > agree on the whole hotel thing - you don't have to stay there - but when > you have some medical condition (and while yes AIDS is something you can > certainly avoid) I think as a society and a culture we shouldn't deny a > basic human right. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman > wrote: > I can't defend his brashness, but the fact remains that pure capitalism >> is the best way demonstrated to date to innovate and health care or >> pharma >> is not exempt. Big rewards encourage big effort yielding big results. >> These >> pharma companies have something like 7 years until the exclusivity period >> expires. That can be a pretty short time to recover investments. This >> particular case may be a bit extreme but to say that capitalism is broken >> in America is simply ludicrous. >> >> I recently attended my sons graduation from Texas Tech on a Friday. >> Thursday night at the hotel was $159 and Friday was $269. I don't think >> that is price gouging. I think it is a reflection of the simple fact that >> there are fewer rooms available on that particular night than are >> demanded >> at $159. The equilibrium was found at $259 where supply and demand come >> closer to being equal. At that price I still witnessed people turned away >> wanting a room due to their poor planning. I don't think that is price >> gouging. Their hotel was full at $269 a night. The next day was $159 >> again. >> Since the hotel was full they probably could have been even higher. >> >> I really don't understand what people have such a huge issue with the >> fundamental theory of supply and demand. Yes I understand that it is a >> potentially life saving drug. There are other cheaper treatments. Maybe >> they aren't as good, which is why they are cheaper. When did we stop >> rewarding people for the value they provide? I know this jerk didn't >> invent >> it but he obviously was willing to reward those who did with a price they >> thought fair. Sales over the next few years will prove if he made a >> mistake. >> >> Why not force Chuck to sell a unique mount he made for 5% over cost? >> Heck, why not only cover his cost? Why not less than cost and force him >> to >> provide his great product for the good of the people? There is a reason >> it >> is named Animal Farm. How many have read this book? While not about >> capitalism it does speak to the kind of central control that skulks below >> the overt argument for "controlling" this type of behavior. >> >> I know people might die. I'll put on my really jerky hat and say "so >> what?". People die every day for less meaning and in greater numbers. >> There >> is practically a mass suicide movement going on now with texting and >> driving. I don't see where people value there lives or others that much >> anyway when reading a text or email is more important than life itself. >> I guess I am just a big libertarian at
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
And I would be 100% in support of the government handing out any treatment or medicine that was available 200 years ago as a baic human right. Heck, I'll even through in Aspirin, it was invented until 1897. On Fri, Dec 18, 2015 at 10:40 AM Josh Luthmanwrote: > You mean to tell me 200 years ago there wasn't any medicine? Sure it's > far superior now, but in the 1800s they had basics. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman > wrote: > >> I have to disagree. 200 years ago there were practically no medicines >> worth talking about yet here we all are. Medicine, while a fantastic >> advancement, does not rise to the level of air, water, food, and shelter. >> >> On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman >> wrote: >> > Food, water, shelter, medicine. The things anyone and everyone need to >>> survive. >>> >>> >>> Josh Luthman >>> Office: 937-552-2340 >>> Direct: 937-552-2343 >>> 1100 Wayne St >>> Suite 1337 >>> Troy, OH 45373 >>> >>> On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum >>> wrote: >>> Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman < j...@imaginenetworksllc.com> wrote: >>> Should medicine really be part of a system of supply and demand? I'd > agree on the whole hotel thing - you don't have to stay there - but when > you have some medical condition (and while yes AIDS is something you can > certainly avoid) I think as a society and a culture we shouldn't deny a > basic human right. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman > wrote: > I can't defend his brashness, but the fact remains that pure capitalism >> is the best way demonstrated to date to innovate and health care or >> pharma >> is not exempt. Big rewards encourage big effort yielding big results. >> These >> pharma companies have something like 7 years until the exclusivity period >> expires. That can be a pretty short time to recover investments. This >> particular case may be a bit extreme but to say that capitalism is broken >> in America is simply ludicrous. >> >> I recently attended my sons graduation from Texas Tech on a Friday. >> Thursday night at the hotel was $159 and Friday was $269. I don't think >> that is price gouging. I think it is a reflection of the simple fact that >> there are fewer rooms available on that particular night than are >> demanded >> at $159. The equilibrium was found at $259 where supply and demand come >> closer to being equal. At that price I still witnessed people turned away >> wanting a room due to their poor planning. I don't think that is price >> gouging. Their hotel was full at $269 a night. The next day was $159 >> again. >> Since the hotel was full they probably could have been even higher. >> >> I really don't understand what people have such a huge issue with the >> fundamental theory of supply and demand. Yes I understand that it is a >> potentially life saving drug. There are other cheaper treatments. Maybe >> they aren't as good, which is why they are cheaper. When did we stop >> rewarding people for the value they provide? I know this jerk didn't >> invent >> it but he obviously was willing to reward those who did with a price they >> thought fair. Sales over the next few years will prove if he made a >> mistake. >> >> Why not force Chuck to sell a unique mount he made for 5% over cost? >> Heck, why not only cover his cost? Why not less than cost and force him >> to >> provide his great product for the good of the people? There is a reason >> it >> is named Animal Farm. How many have read this book? While not about >> capitalism it does speak to the kind of central control that skulks below >> the overt argument for "controlling" this type of behavior. >> >> I know people might die. I'll put on my really jerky hat and say "so >> what?". People die every day for less meaning and in greater numbers. >> There >> is practically a mass suicide movement going on now with texting and >> driving. I don't see where people value there lives or
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
There are dozens, maybe hundreds or thousands of advancements in medicine that have moved the average life expectancy from ~~ 40 years 200 years ago to ~~76 years today. The difference is many different advances in medicine, which all cost money. So. If you have money, you can expect to live ~~ 76 years. If you don't have money, maybe it's closer to 40 years. Is that fair? Your answer to that question probably depends on how much money you have. bp <part15sbs{at}gmail{dot}com> On 12/18/2015 8:55 AM, Patrick Leary wrote: The discovery of penicillin literally changed life for all of humanity. Imagine if Shkreli had invented it. Divorcing ethics from capitalism is a fool’s fairytale. Anyone who justifies it has never read about the history of the legal invention of “corporation.” -Patrick *From:*Af [mailto:af-boun...@afmug.com] *On Behalf Of *Josh Luthman *Sent:* Friday, December 18, 2015 11:40 AM *To:* af@afmug.com *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) You mean to tell me 200 years ago there wasn't any medicine? Sure it's far superior now, but in the 1800s they had basics. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I have to disagree. 200 years ago there were practically no medicines worth talking about yet here we all are. Medicine, while a fantastic advancement, does not rise to the level of air, water, food, and shelter. On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a nigh
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
I wish I could find the article, but it basically said that the reason there aren't other mfgr's of the drug has to do with the costs of getting it FDA approved. Since the average person who needs the drug only uses a few doses, it's very hard to reach ROI at $13/pill or whatever it was. The fact that he drove the price up 5000% was just him being an asshole and trying to make a bunch of money off of his purchase. At one point, another company did make a non-FDA approved generic they were selling for like $1/pill, but you couldn't get it through normal medical channels or something (it classified as one of those "experimental" drugs even though it was the same formula). Long and the short of it is that regardless of your views on capitalism and supply and demand, this guy is just a douche bag. Rory McCann MKAP Technology Solutions Web: www.mkap.net On 12/18/2015 10:23 AM, Jay Weekley wrote: I have to ask myself why a drug that is 69 years old is manufactured by one entity in the US and other global manufacturers don't have access to our market. More research would probably give me the answer or a bunch of conspiracy theories. Lewis Bergman wrote: I loophole created by the government from the regulatory environment the government setup which now needs to be fixed by Whom? The government. Not saying there should be no regulation of drugs. I don't want to go back to the tapeworm diet pill. But the pharma industry is an excellent example of why everything the government gets involved in will eventually be so broken it needs to be trashed and restarted from scratch. On Fri, Dec 18, 2015 at 9:06 AM Ken Hohhof <af...@kwisp.com <mailto:af...@kwisp.com>> wrote: The guy isn’t “brash”, any of the adjectives I think of are inappropriate for a public forum. Read this interview, or just skip to the end: http://hiphopdx.com/interviews/id.2825/title.martin-shkreli-plans-to-bail-out-bobby-shmurda Or watch his live stream. As far as capitalism, the approach is to find something that is inexpensive to make and has been around forever and there is only one supplier because there isn’t enough demand for multiple suppliers. So you buy that supplier and jack the price up to ridiculous levels until a competitor can go through getting government approval to compete, which can take a year or more. Meanwhile, you make a bazillion percent profit, because of a temporary market failure. That isn’t really capitalism. It’s exploiting a loophole. Capitalism assumes an efficient market, where competition drives prices down to cost plus a reasonable profit. The pharma market is different for two reasons. First, there is a lengthy government approval process. Second, the payer is usually an insurance company, pharmacy benefit manager, or Medicare. *From:* Lewis Bergman <mailto:lewis.berg...@gmail.com> *Sent:* Friday, December 18, 2015 8:47 AM *To:* af@afmug.com <mailto:af@afmug.com> *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
My great grandmother turned 100 this year. And I am not actually sure I have ever seen the woman eat. I suppose it all depends on perspective, I'm not sure the fact that something is expensive to do should dictate what human rights are. It is more expensive to have a jury trial than to just execute anyone that breaks the law, but I doubt anyone would use that as a way to argue for abolishing the legal system. I'm not necessarily arguing one side or the other - I don't think the business practices of Martin Shkreli are defensible in any way, but I realize you're not going to have complex drugs for small quantities of people created without some kind of motive, unless the government is going to be in the business of drug creation and we're all taxed to do it. All that being said, I do think the American medical system is pretty badly broken at this point. I'm also not sure there's a good fix that wouldn't cause massive problems, so I just grin and bear it. On 12/18/2015 11:02 AM, Mathew Howard wrote: Sure, but you can pretty much guarantee that nobody is going to have a life span of much more than a few weeks without food, and it's perfectly possible for (some) people to live 100 years without ever touching any sort of medicine. I don't see how something that doesn't exist until someone puts a lot of time and energy into creating it can be considered a human right. On Fri, Dec 18, 2015 at 10:57 AM, Simon Westlake <simon@sonar.software <mailto:simon@sonar.software>> wrote: Well, technically you don't need food to survive either, just live longer. On 12/18/2015 10:56 AM, Daniel White wrote: You don’t need medicine to survive. You need medicine to live longer. Humans existed well before the concept of medicine was discovered (and even longer before antidotal “medicine man” cures became modern medicine). Thank you, Daniel White <mailto:afmu...@gmail.com>afmu...@gmail.com <mailto:afmu...@gmail.com>__ Cell: +1 (303) 746-3590 <tel:%2B1%20%28303%29%20746-3590> Skype: danieldwhite Social: LinkedIn <http://www.linkedin.com/in/danielwhite84>: Twitter <https://twitter.com/DanielWhite84> *From:*Af [mailto:af-boun...@afmug.com] *On Behalf Of *Josh Luthman *Sent:* Friday, December 18, 2015 8:17 AM *To:* af@afmug.com <mailto:af@afmug.com> *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I th
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Well, technically you don't need food to survive either, just live longer. On 12/18/2015 10:56 AM, Daniel White wrote: You don’t need medicine to survive. You need medicine to live longer. Humans existed well before the concept of medicine was discovered (and even longer before antidotal “medicine man” cures became modern medicine). Thank you, Daniel White afmu...@gmail.com <mailto:afmu...@gmail.com>__ Cell: +1 (303) 746-3590 Skype: danieldwhite Social: LinkedIn <http://www.linkedin.com/in/danielwhite84>: Twitter <https://twitter.com/DanielWhite84> *From:*Af [mailto:af-boun...@afmug.com] *On Behalf Of *Josh Luthman *Sent:* Friday, December 18, 2015 8:17 AM *To:* af@afmug.com *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is prac
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
A patent on a common mold would be interesting. Patrick Leary wrote: The discovery of penicillin literally changed life for all of humanity. Imagine if Shkreli had invented it. Divorcing ethics from capitalism is a fool’s fairytale. Anyone who justifies it has never read about the history of the legal invention of “corporation.” -Patrick *From:*Af [mailto:af-boun...@afmug.com] *On Behalf Of *Josh Luthman *Sent:* Friday, December 18, 2015 11:40 AM *To:* af@afmug.com *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) You mean to tell me 200 years ago there wasn't any medicine? Sure it's far superior now, but in the 1800s they had basics. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I have to disagree. 200 years ago there were practically no medicines worth talking about yet here we all are. Medicine, while a fantastic advancement, does not rise to the level of air, water, food, and shelter. On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as goo
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
And why is the design not public domain? -Original Message- From: Jay Weekley Sent: Friday, December 18, 2015 9:23 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) I have to ask myself why a drug that is 69 years old is manufactured by one entity in the US and other global manufacturers don't have access to our market. More research would probably give me the answer or a bunch of conspiracy theories. Lewis Bergman wrote: I loophole created by the government from the regulatory environment the government setup which now needs to be fixed by Whom? The government. Not saying there should be no regulation of drugs. I don't want to go back to the tapeworm diet pill. But the pharma industry is an excellent example of why everything the government gets involved in will eventually be so broken it needs to be trashed and restarted from scratch. On Fri, Dec 18, 2015 at 9:06 AM Ken Hohhof <af...@kwisp.com <mailto:af...@kwisp.com>> wrote: The guy isn’t “brash”, any of the adjectives I think of are inappropriate for a public forum. Read this interview, or just skip to the end: http://hiphopdx.com/interviews/id.2825/title.martin-shkreli-plans-to-bail-out-bobby-shmurda Or watch his live stream. As far as capitalism, the approach is to find something that is inexpensive to make and has been around forever and there is only one supplier because there isn’t enough demand for multiple suppliers. So you buy that supplier and jack the price up to ridiculous levels until a competitor can go through getting government approval to compete, which can take a year or more. Meanwhile, you make a bazillion percent profit, because of a temporary market failure. That isn’t really capitalism. It’s exploiting a loophole. Capitalism assumes an efficient market, where competition drives prices down to cost plus a reasonable profit. The pharma market is different for two reasons. First, there is a lengthy government approval process. Second, the payer is usually an insurance company, pharmacy benefit manager, or Medicare. *From:* Lewis Bergman <mailto:lewis.berg...@gmail.com> *Sent:* Friday, December 18, 2015 8:47 AM *To:* af@afmug.com <mailto:af@afmug.com> *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
200 years ago people paid for their own medicine instead of getting insurance involved. It was a competitive market versus today. Rory From: Af [mailto:af-boun...@afmug.com] On Behalf Of Mathew Howard Sent: Friday, December 18, 2015 9:52 AM To: af <af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) Sure, they had leeches... leeches are good for everything. On Fri, Dec 18, 2015 at 10:39 AM, Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: You mean to tell me 200 years ago there wasn't any medicine? Sure it's far superior now, but in the 1800s they had basics. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I have to disagree. 200 years ago there were practically no medicines worth talking about yet here we all are. Medicine, while a fantastic advancement, does not rise to the level of air, water, food, and shelter. On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com<mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Sure, but you can pretty much guarantee that nobody is going to have a life span of much more than a few weeks without food, and it's perfectly possible for (some) people to live 100 years without ever touching any sort of medicine. I don't see how something that doesn't exist until someone puts a lot of time and energy into creating it can be considered a human right. On Fri, Dec 18, 2015 at 10:57 AM, Simon Westlake <simon@sonar.software> wrote: > Well, technically you don't need food to survive either, just live longer. > > On 12/18/2015 10:56 AM, Daniel White wrote: > > You don’t need medicine to survive. You need medicine to live longer. > Humans existed well before the concept of medicine was discovered (and even > longer before antidotal “medicine man” cures became modern medicine). > > > > Thank you, > > > > Daniel White > > <afmu...@gmail.com>afmu...@gmail.com > > Cell: +1 (303) 746-3590 > > Skype: danieldwhite > Social: LinkedIn <http://www.linkedin.com/in/danielwhite84>: Twitter > <https://twitter.com/DanielWhite84> > > > > *From:* Af [mailto:af-boun...@afmug.com <af-boun...@afmug.com>] *On > Behalf Of *Josh Luthman > *Sent:* Friday, December 18, 2015 8:17 AM > *To:* af@afmug.com > *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > > > Food, water, shelter, medicine. The things anyone and everyone need to > survive. > > > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > > > On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com> wrote: > > Since when has it been a basic human right? Where does it stop? Why are > others forced to pay for peoples bad habits? Other than congenital defects, > and some accidents, most health problems are due to peoples choices. If our > money is to be confiscated to pay for everyone's "human right", don't we > get a say in how they live? How many other human rights are being trampled > on then? > > > > > > > > On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com> > wrote: > > Should medicine really be part of a system of supply and demand? I'd > agree on the whole hotel thing - you don't have to stay there - but when > you have some medical condition (and while yes AIDS is something you can > certainly avoid) I think as a society and a culture we shouldn't deny a > basic human right. > > > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > > > On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman < <lewis.berg...@gmail.com> > lewis.berg...@gmail.com> wrote: > > I can't defend his brashness, but the fact remains that pure capitalism is > the best way demonstrated to date to innovate and health care or pharma is > not exempt. Big rewards encourage big effort yielding big results. These > pharma companies have something like 7 years until the exclusivity period > expires. That can be a pretty short time to recover investments. This > particular case may be a bit extreme but to say that capitalism is broken > in America is simply ludicrous. > > > > I recently attended my sons graduation from Texas Tech on a Friday. > Thursday night at the hotel was $159 and Friday was $269. I don't think > that is price gouging. I think it is a reflection of the simple fact that > there are fewer rooms available on that particular night than are demanded > at $159. The equilibrium was found at $259 where supply and demand come > closer to being equal. At that price I still witnessed people turned away > wanting a room due to their poor planning. I don't think that is price > gouging. Their hotel was full at $269 a night. The next day was $159 again. > Since the hotel was full they probably could have been even higher. > > > > I really don't understand what people have such a huge issue with the > fundamental theory of supply and demand. Yes I understand that it is a > potentially life saving drug. There are other cheaper treatments. Maybe > they aren't as good, which is why they are cheaper. When did we stop > rewarding people for the value they provide? I know this jerk didn't invent > it but he obviously was willing to reward those who did with a price they > thought fair. Sales over the next few years will prove if he made a mistake. > > > > Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, > why not only cover his cost? Why not less than cost and force him to > provide his great product for the good of the people? There is a reason it > is named Animal Farm. Ho
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
This argument has three sides. If companies didn’t have government regulation and the threat of lawsuits over their head, the cost of developing new medicines would go down so far everyone could afford the more common ones. The other side of that is that a lot more people would end up with either bogus drugs, disastrous side affects, or long term, possibly terminal damage. You need some regulation but we need to prevent lawyers from filing these massive class action lawsuits 30 years later. That gets built into the price. Then the third side is that if there wasn’t a profit motive, new drugs might never have been developed, especially for diseases where only a very small number of people might have them. If you want the best drugs, you need to keep the profit motive. However, get the lawyers out of it to start with and then see where prices go. Rory From: Af [mailto:af-boun...@afmug.com] On Behalf Of Patrick Leary Sent: Friday, December 18, 2015 9:56 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) The discovery of penicillin literally changed life for all of humanity. Imagine if Shkreli had invented it. Divorcing ethics from capitalism is a fool’s fairytale. Anyone who justifies it has never read about the history of the legal invention of “corporation.” - Patrick From: Af [mailto:af-boun...@afmug.com] On Behalf Of Josh Luthman Sent: Friday, December 18, 2015 11:40 AM To: af@afmug.com<mailto:af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) You mean to tell me 200 years ago there wasn't any medicine? Sure it's far superior now, but in the 1800s they had basics. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I have to disagree. 200 years ago there were practically no medicines worth talking about yet here we all are. Medicine, while a fantastic advancement, does not rise to the level of air, water, food, and shelter. On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com<mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why the
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
The medicine was patented, and not by Fleming, but by a later scientist who took it into mass production, but at reasonable profit. Fleming (one of the "inventers" who himself said he only discovered it, not invented it) did not apply for the patent. Patrick Leary -Original Message- From: Af [mailto:af-boun...@afmug.com] On Behalf Of Jay Weekley Sent: Friday, December 18, 2015 12:07 PM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) A patent on a common mold would be interesting. Patrick Leary wrote: > > The discovery of penicillin literally changed life for all of > humanity. Imagine if Shkreli had invented it. Divorcing ethics from > capitalism is a fool’s fairytale. Anyone who justifies it has never > read about the history of the legal invention of “corporation.” > > -Patrick > > *From:*Af [mailto:af-boun...@afmug.com] *On Behalf Of *Josh Luthman > *Sent:* Friday, December 18, 2015 11:40 AM > *To:* af@afmug.com > *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > You mean to tell me 200 years ago there wasn't any medicine? Sure > it's far superior now, but in the 1800s they had basics. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman > <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: > > I have to disagree. 200 years ago there were practically no > medicines worth talking about yet here we all are. Medicine, while > a fantastic advancement, does not rise to the level of air, water, > food, and shelter. > > On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman > <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> > wrote: > > Food, water, shelter, medicine. The things anyone and > everyone need to survive. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum > <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: > > Since when has it been a basic human right? Where does it > stop? Why are others forced to pay for peoples bad habits? > Other than congenital defects, and some accidents, most > health problems are due to peoples choices. If our money > is to be confiscated to pay for everyone's "human right", > don't we get a say in how they live? How many other human > rights are being trampled on then? > > On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman > <j...@imaginenetworksllc.com > <mailto:j...@imaginenetworksllc.com>> wrote: > > Should medicine really be part of a system of supply > and demand? I'd agree on the whole hotel thing - you > don't have to stay there - but when you have some > medical condition (and while yes AIDS is something you > can certainly avoid) I think as a society and a > culture we shouldn't deny a basic human right. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman > <lewis.berg...@gmail.com > <mailto:lewis.berg...@gmail.com>> wrote: > > I can't defend his brashness, but the fact remains > that pure capitalism is the best way demonstrated > to date to innovate and health care or pharma is > not exempt. Big rewards encourage big effort > yielding big results. These pharma companies have > something like 7 years until the exclusivity > period expires. That can be a pretty short time to > recover investments. This particular case may be a > bit extreme but to say that capitalism is broken > in America is simply ludicrous. > > I recently attended my sons graduation from Texas > Tech on a Friday. Thursday night at the hotel was > $159 and Friday was $269. I don't think that is > price gouging. I think it is a reflection of the > simple fact that t
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
My sincere hope – and it is a vengeful wish – is that he learns this humility pondering his soul as he paces his 8x6 cell in sharting trepidation upon realizing he is such a cute little thing! Patrick Leary From: Af [mailto:af-boun...@afmug.com] On Behalf Of Lewis Bergman Sent: Friday, December 18, 2015 12:56 PM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) I understand your premise but Penicillin was discovered, not invented. It would likely be just as difficult for Christopher Columbus to patent America. The process to mass produce it is patented. But I do get your point. This idiot is only 35 or something. He will likely eventually get a heart and a mind just like Carnegie did. On Fri, Dec 18, 2015 at 10:55 AM Patrick Leary <patrick.le...@telrad.com<mailto:patrick.le...@telrad.com>> wrote: The discovery of penicillin literally changed life for all of humanity. Imagine if Shkreli had invented it. Divorcing ethics from capitalism is a fool’s fairytale. Anyone who justifies it has never read about the history of the legal invention of “corporation.” - Patrick From: Af [mailto:af-boun...@afmug.com<mailto:af-boun...@afmug.com>] On Behalf Of Josh Luthman Sent: Friday, December 18, 2015 11:40 AM To: af@afmug.com<mailto:af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) You mean to tell me 200 years ago there wasn't any medicine? Sure it's far superior now, but in the 1800s they had basics. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I have to disagree. 200 years ago there were practically no medicines worth talking about yet here we all are. Medicine, while a fantastic advancement, does not rise to the level of air, water, food, and shelter. On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com<mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com<mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com<mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
You offer an argument on a technical point. A person "works" for whomever pays them. Only to that entity lies their loyalty with few exceptions. A single payer system does in fact mean that there is really only one supplier, the entity paying. That one institution sets guidelines, rules for care, what treatments are offered, what training will be paid for, and on and on. I can't speak for Canada but I when I was the chairman of a hospital board for 5 years we had a German doctor who worked at the hospital. We had long discussions about why she was here, the level of care, and affordability of healthcare. While she had a difficult time with the concept of a person paying for what they consumed she had no difficulty explaining why she was here. She was tired of watching people die waiting for treatment and getting a meager salary to be thoroughly frustrated doing so. The fact that my anecdotal example doesn't convince you is fine but that is the average not the exception. The military health system is crap just like the VA system. Other than battlefield trauma they should be abolished. But then again, I choose to make the most of the world I live in and not dream about some fairy tale world of my own construction. It appears to me you likely have never seen the underbelly of our health care system and the bizarre ways in which the government warps what is important by the mere fact of what, how, and when it chooses to reimburse providers for the care they give. If you have been, then it seems you choose to ignore the reality that is laid bare to the exposure; government screws up just about everything it lays its hands on. On Fri, Dec 18, 2015 at 11:32 AM Patrick Leary <patrick.le...@telrad.com> wrote: > In places like Canada and Germany, where healthcare is universal and paid > through common burden via taxes, the doctors are NOT government employees. > You take one episodic experience (a sincere and painful one for your family > to be sure) with a failed system and use that to indict as bad and > inefficient universal systems. In fact, the example you cite bolsters my > argument, as the VA is run as it is because our system sucks where agencies > like the VA are chronically underfunded and understaffed. > > > > The idea that private care somehow ceases to exist in a universal system > is simply false. This is a key mistake some in our culture have been taught > by ideologues bent on obscuring fact. People who advocate for “single > payer” (and those who understand it factually) know the only real argument > is how things are paid for, not how services are delivered. Additionally, > in every place where universal care exists, there also exists elective > choices that can be accessed outside the basic system. > > > > Patrick > > > > *From:* Af [mailto:af-boun...@afmug.com] *On Behalf Of *Lewis Bergman > *Sent:* Friday, December 18, 2015 12:21 PM > > > *To:* af@afmug.com > *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > > > You assume I haven't when in fact I was part of the socialist healthcare > system that some want to force everyone onto when I did need care the > government was incapable of providing. > > > > My son was asthmatic and was in the hospital 6 times in one month. The > military health system could not, or would not, care for him. Instead, they > preferred to accuse my wife of mistreating him. What saved him was the > PRIVATE health care system. We drove him several times to a very good > PRIVATE hospital 4 hours away to get the care the government could not or > would not provide even though my son was entitled to it. I was happy to pay > for that our of my own pocket. > > > > Why? Not because they were trying to be bad at their job, they just were > incompetent, untrained, and unwilling to do much about it. Without the > private health care system and a doctor who sacrificed a great amount of > his time for the reward of wealth he thought would be his reward I may have > lost him. > > > > Maybe your the one who has never needed a life saving treatment or > medicine. I have been there and it keenly illustrated that without the > private sector (capitalism) and the incentive it provides a life may have > been lost. I was willing to pay what it took to get my son the help he > needed. > > Take that same case where there was no private sector. No son. I think > I'll take my chances with the private sector I may be able to afford than > the government sector that can't provide what i need at any cost. > > > > On your corporate welfare point I agree. There should be no medicare, > medicaid, or food stamps so there is no passing the buck. What I mean by > that is there should be no supplement that is a permanent entitlement. > Everyone has hard ti
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
He patented a process, not a mold. Patrick Leary wrote: The medicine was patented, and not by Fleming, but by a later scientist who took it into mass production, but at reasonable profit. Fleming (one of the "inventers" who himself said he only discovered it, not invented it) did not apply for the patent. Patrick Leary -Original Message- From: Af [mailto:af-boun...@afmug.com] On Behalf Of Jay Weekley Sent: Friday, December 18, 2015 12:07 PM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) A patent on a common mold would be interesting. Patrick Leary wrote: The discovery of penicillin literally changed life for all of humanity. Imagine if Shkreli had invented it. Divorcing ethics from capitalism is a fool’s fairytale. Anyone who justifies it has never read about the history of the legal invention of “corporation.” -Patrick *From:*Af [mailto:af-boun...@afmug.com] *On Behalf Of *Josh Luthman *Sent:* Friday, December 18, 2015 11:40 AM *To:* af@afmug.com *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) You mean to tell me 200 years ago there wasn't any medicine? Sure it's far superior now, but in the 1800s they had basics. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I have to disagree. 200 years ago there were practically no medicines worth talking about yet here we all are. Medicine, while a fantastic advancement, does not rise to the level of air, water, food, and shelter. On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Lewis, I am both a veteran and a cancer survivor. I lived for almost 2 years in Germany. I have also received emergency care outside the U.S. (in a country where Americans pay for their universal healthcare basically). My sister also lived several years longer with breast cancer….while in Canada. Eventually, she made the hard decision to come home, knowing the decision would kill her because the only care she could then access (as an unemployed student who had been doing post-doctoral work in theology) was hospice. She passed 3 months later, but at least with her family around. I also know, at least according to Harvard in 2009, that some 45,000 Americans die each year for lack of affordable healthcare access. So, no my friend, while I have not sat on a hospital board (that is excellent community service on your part), ignorant on the topic I am not. Patrick Leary, Telrad 727-501-3735 From: Af [mailto:af-boun...@afmug.com] On Behalf Of Lewis Bergman Sent: Friday, December 18, 2015 1:12 PM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) You offer an argument on a technical point. A person "works" for whomever pays them. Only to that entity lies their loyalty with few exceptions. A single payer system does in fact mean that there is really only one supplier, the entity paying. That one institution sets guidelines, rules for care, what treatments are offered, what training will be paid for, and on and on. I can't speak for Canada but I when I was the chairman of a hospital board for 5 years we had a German doctor who worked at the hospital. We had long discussions about why she was here, the level of care, and affordability of healthcare. While she had a difficult time with the concept of a person paying for what they consumed she had no difficulty explaining why she was here. She was tired of watching people die waiting for treatment and getting a meager salary to be thoroughly frustrated doing so. The fact that my anecdotal example doesn't convince you is fine but that is the average not the exception. The military health system is crap just like the VA system. Other than battlefield trauma they should be abolished. But then again, I choose to make the most of the world I live in and not dream about some fairy tale world of my own construction. It appears to me you likely have never seen the underbelly of our health care system and the bizarre ways in which the government warps what is important by the mere fact of what, how, and when it chooses to reimburse providers for the care they give. If you have been, then it seems you choose to ignore the reality that is laid bare to the exposure; government screws up just about everything it lays its hands on. On Fri, Dec 18, 2015 at 11:32 AM Patrick Leary <patrick.le...@telrad.com<mailto:patrick.le...@telrad.com>> wrote: In places like Canada and Germany, where healthcare is universal and paid through common burden via taxes, the doctors are NOT government employees. You take one episodic experience (a sincere and painful one for your family to be sure) with a failed system and use that to indict as bad and inefficient universal systems. In fact, the example you cite bolsters my argument, as the VA is run as it is because our system sucks where agencies like the VA are chronically underfunded and understaffed. The idea that private care somehow ceases to exist in a universal system is simply false. This is a key mistake some in our culture have been taught by ideologues bent on obscuring fact. People who advocate for “single payer” (and those who understand it factually) know the only real argument is how things are paid for, not how services are delivered. Additionally, in every place where universal care exists, there also exists elective choices that can be accessed outside the basic system. Patrick From: Af [mailto:af-boun...@afmug.com<mailto:af-boun...@afmug.com>] On Behalf Of Lewis Bergman Sent: Friday, December 18, 2015 12:21 PM To: af@afmug.com<mailto:af@afmug.com> Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) You assume I haven't when in fact I was part of the socialist healthcare system that some want to force everyone onto when I did need care the government was incapable of providing. My son was asthmatic and was in the hospital 6 times in one month. The military health system could not, or would not, care for him. Instead, they preferred to accuse my wife of mistreating him. What saved him was the PRIVATE health care system. We drove him several times to a very good PRIVATE hospital 4 hours away to get the care the government could not or would not provide even though my son was entitled to it. I was happy to pay for that our of my own pocket. Why? Not because they were trying to be bad at their job, they just were incompetent, untrained, and unwilling to do much about it. Without the private health care system a
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Yes, sanity still prevails on this. In 2013 even this Supreme Court rules genes found naturally-occurring cannot be patented. Processes, yes (e.g. splicing, gene synthesis). That is as it should be. Patrick Leary, Telrad 727-501-3735 -Original Message- From: Af [mailto:af-boun...@afmug.com] On Behalf Of Jay Weekley Sent: Friday, December 18, 2015 1:20 PM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) He patented a process, not a mold. Patrick Leary wrote: > The medicine was patented, and not by Fleming, but by a later scientist who > took it into mass production, but at reasonable profit. Fleming (one of the > "inventers" who himself said he only discovered it, not invented it) did not > apply for the patent. > > Patrick Leary > > > -Original Message- > From: Af [mailto:af-boun...@afmug.com] On Behalf Of Jay Weekley > Sent: Friday, December 18, 2015 12:07 PM > To: af@afmug.com > Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) > > A patent on a common mold would be interesting. > > Patrick Leary wrote: >> The discovery of penicillin literally changed life for all of >> humanity. Imagine if Shkreli had invented it. Divorcing ethics from >> capitalism is a fool’s fairytale. Anyone who justifies it has never >> read about the history of the legal invention of “corporation.” >> >> -Patrick >> >> *From:*Af [mailto:af-boun...@afmug.com] *On Behalf Of *Josh Luthman >> *Sent:* Friday, December 18, 2015 11:40 AM >> *To:* af@afmug.com >> *Subject:* Re: [AFMUG] OT - Captilism (was Martin Shkreli) >> >> You mean to tell me 200 years ago there wasn't any medicine? Sure >> it's far superior now, but in the 1800s they had basics. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Fri, Dec 18, 2015 at 11:15 AM, Lewis Bergman >> <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: >> >> I have to disagree. 200 years ago there were practically no >> medicines worth talking about yet here we all are. Medicine, while >> a fantastic advancement, does not rise to the level of air, water, >> food, and shelter. >> >> On Fri, Dec 18, 2015 at 9:17 AM Josh Luthman >> <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> >> wrote: >> >> Food, water, shelter, medicine. The things anyone and >> everyone need to survive. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum >> <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: >> >> Since when has it been a basic human right? Where does it >> stop? Why are others forced to pay for peoples bad habits? >> Other than congenital defects, and some accidents, most >> health problems are due to peoples choices. If our money >> is to be confiscated to pay for everyone's "human right", >> don't we get a say in how they live? How many other human >> rights are being trampled on then? >> >> On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman >> <j...@imaginenetworksllc.com >> <mailto:j...@imaginenetworksllc.com>> wrote: >> >> Should medicine really be part of a system of supply >> and demand? I'd agree on the whole hotel thing - you >> don't have to stay there - but when you have some >> medical condition (and while yes AIDS is something you >> can certainly avoid) I think as a society and a >> culture we shouldn't deny a basic human right. >> >> >> Josh Luthman >> Office: 937-552-2340 >> Direct: 937-552-2343 >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> >> On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman >> <lewis.berg...@gmail.com >> <mailto:lewis.berg...@gmail.com>> wrote: >> >> I can't defend his brashness, but the fact remains >> that pure capitalis
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthmanwrote: > Should medicine really be part of a system of supply and demand? I'd > agree on the whole hotel thing - you don't have to stay there - but when > you have some medical condition (and while yes AIDS is something you can > certainly avoid) I think as a society and a culture we shouldn't deny a > basic human right. > > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman > wrote: > >> I can't defend his brashness, but the fact remains that pure capitalism >> is the best way demonstrated to date to innovate and health care or pharma >> is not exempt. Big rewards encourage big effort yielding big results. These >> pharma companies have something like 7 years until the exclusivity period >> expires. That can be a pretty short time to recover investments. This >> particular case may be a bit extreme but to say that capitalism is broken >> in America is simply ludicrous. >> >> I recently attended my sons graduation from Texas Tech on a Friday. >> Thursday night at the hotel was $159 and Friday was $269. I don't think >> that is price gouging. I think it is a reflection of the simple fact that >> there are fewer rooms available on that particular night than are demanded >> at $159. The equilibrium was found at $259 where supply and demand come >> closer to being equal. At that price I still witnessed people turned away >> wanting a room due to their poor planning. I don't think that is price >> gouging. Their hotel was full at $269 a night. The next day was $159 again. >> Since the hotel was full they probably could have been even higher. >> >> I really don't understand what people have such a huge issue with the >> fundamental theory of supply and demand. Yes I understand that it is a >> potentially life saving drug. There are other cheaper treatments. Maybe >> they aren't as good, which is why they are cheaper. When did we stop >> rewarding people for the value they provide? I know this jerk didn't invent >> it but he obviously was willing to reward those who did with a price they >> thought fair. Sales over the next few years will prove if he made a mistake. >> >> Why not force Chuck to sell a unique mount he made for 5% over cost? >> Heck, why not only cover his cost? Why not less than cost and force him to >> provide his great product for the good of the people? There is a reason it >> is named Animal Farm. How many have read this book? While not about >> capitalism it does speak to the kind of central control that skulks below >> the overt argument for "controlling" this type of behavior. >> >> I know people might die. I'll put on my really jerky hat and say "so >> what?". People die every day for less meaning and in greater numbers. There >> is practically a mass suicide movement going on now with texting and >> driving. I don't see where people value there lives or others that much >> anyway when reading a text or email is more important than life itself. >> I guess I am just a big libertarian at heart. Give me the loose framework >> of a "fair market", whatever that is, and let the system fight it out. The >> word isn't fair, not ever going to be fair, stop trying to warp it to be >> that way. >> >> Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, >> or whatever else gets your boat floating. >> >> On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary >> wrote: >> >>> The irony? Your local poor schlub a-hole can be arrested and charged if >>> he doubles the price of gas, water, or other life-critical goods after a >>> natural disaster – that’s a crime in America. Meanwhile, it’s completely >>> legal for a company to raise a life-critical drug by over 5000% -- that’s >>> capitalism in America. >>> >>> >>> >>> Shkreli is only the most written about example. This “business trend’ is >>> all the rage and has been widely employed in the U.S. for a number of years >>> now. >>> http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/ >>> >>> >>> >>> Patrick >>> >>> >>> >>> *From:* Af [mailto:af-boun...@afmug.com] *On Behalf Of *Ken Hohhof >>> *Sent:* Thursday, December 17, 2015 8:28 PM >>> *To:* af@afmug.com >>> *Subject:* [AFMUG] OT - Martin Shkreli >>> >>> >>> >>> Apparently this guy AND HIS LAWYER were arrested today. Everybody knows >>> him as the guy who raises drug prices 5000%, but I did not know he live >>> streams almost daily to his
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
So much this. From: Af <af-boun...@afmug.com> on behalf of Lewis Bergman <lewis.berg...@gmail.com> Sent: Friday, December 18, 2015 8:47 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to their poor planning. I don't think that is price gouging. Their hotel was full at $269 a night. The next day was $159 again. Since the hotel was full they probably could have been even higher. I really don't understand what people have such a huge issue with the fundamental theory of supply and demand. Yes I understand that it is a potentially life saving drug. There are other cheaper treatments. Maybe they aren't as good, which is why they are cheaper. When did we stop rewarding people for the value they provide? I know this jerk didn't invent it but he obviously was willing to reward those who did with a price they thought fair. Sales over the next few years will prove if he made a mistake. Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, why not only cover his cost? Why not less than cost and force him to provide his great product for the good of the people? There is a reason it is named Animal Farm. How many have read this book? While not about capitalism it does speak to the kind of central control that skulks below the overt argument for "controlling" this type of behavior. I know people might die. I'll put on my really jerky hat and say "so what?". People die every day for less meaning and in greater numbers. There is practically a mass suicide movement going on now with texting and driving. I don't see where people value there lives or others that much anyway when reading a text or email is more important than life itself. I guess I am just a big libertarian at heart. Give me the loose framework of a "fair market", whatever that is, and let the system fight it out. The word isn't fair, not ever going to be fair, stop trying to warp it to be that way. Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, or whatever else gets your boat floating. On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary <patrick.le...@telrad.com<mailto:patrick.le...@telrad.com>> wrote: The irony? Your local poor schlub a-hole can be arrested and charged if he doubles the price of gas, water, or other life-critical goods after a natural disaster – that’s a crime in America. Meanwhile, it’s completely legal for a company to raise a life-critical drug by over 5000% -- that’s capitalism in America. Shkreli is only the most written about example. This “business trend’ is all the rage and has been widely employed in the U.S. for a number of years now. http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/ Patrick From: Af [mailto:af-boun...@afmug.com<mailto:af-boun...@afmug.com>] On Behalf Of Ken Hohhof Sent: Thursday, December 17, 2015 8:28 PM To: af@afmug.com<mailto:af@afmug.com> Subject: [AFMUG] OT - Martin Shkreli Apparently this guy AND HIS LAWYER were arrested today. Everybody knows him as the guy who raises drug prices 5000%, but I did not know he live streams almost daily to his fans. Watch the first video, isn't he just like every annoying, entitled, slacker kid living in his parents basement that we have to deal with bitching about his Internet? Except he is CEO of a drug company. I didn't think it was possible to hate him more, but watch the video. https://www.youtube.com/channel/UC8gjB1PSXv_oAUSAQ16S0fA This footnote confirms that this email message has been scanned by PineApp Mail-SeCure for the presence of malicious code, vandals & computer viruses. This footnote confirms that this email message
Re: [AFMUG] OT - Captilism (was Martin Shkreli)
I like the insulting frenshman from The Holy Grail better. :) https://www.youtube.com/watch?v=A8yjNbcKkNY -- Christopher Tyler MTCRE/MTCNA/MTCTCE/MTCWE Total Highspeed Internet Services 417.851.1107 - Original Message - From: "Ken Hohhof" <af...@kwisp.com> To: af@afmug.com Sent: Friday, December 18, 2015 9:38:44 AM Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) I have the TV news channel on and they just played a clip from the movie “Christmas Vacation” that I could borrow to describe Shkreli: I want him brought from his happy holiday slumber over there on Melody Lane with all the other rich people and I want him brought right here, with a big ribbon on his head, and I want to look him straight in the eye and I want to tell him what a cheap, lying, no-good, rotten, four-flushing, low-life, snake-licking, dirt-eating, inbred, overstuffed, ignorant, blood-sucking, dog-kissing, brainless, dickless, hopeless, heartless, fat-ass, bug-eyed, stiff-legged, spotty-lipped, worm-headed sack of monkey shit he is! Hallelujah! Holy shit! Where's the Tylenol? From: Josh Luthman Sent: Friday, December 18, 2015 9:34 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) Damn you guys are brutal! Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:33 AM, Ken Hohhof <af...@kwisp.com> wrote: Bah, humbug. -Original Message- From: Christopher Tyler Sent: Friday, December 18, 2015 9:28 AM To: af@afmug.com Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) And a free cell phone so they can call the pharmacy. -- Christopher Tyler MTCRE/MTCNA/MTCTCE/MTCWE Total Highspeed Internet Services 417.851.1107 - Original Message - From: "Jay Weekley" <par...@cyberbroadband.net> To: af@afmug.com Sent: Friday, December 18, 2015 9:27:13 AM Subject: Re: [AFMUG] OT - Captilism (was Martin Shkreli) They need clothing and transportation to food, water, shelter and medicine. Or free delivery. Josh Luthman wrote: Food, water, shelter, medicine. The things anyone and everyone need to survive. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 10:04 AM, Cameron Crum <cc...@wispmon.com <mailto:cc...@wispmon.com>> wrote: Since when has it been a basic human right? Where does it stop? Why are others forced to pay for peoples bad habits? Other than congenital defects, and some accidents, most health problems are due to peoples choices. If our money is to be confiscated to pay for everyone's "human right", don't we get a say in how they live? How many other human rights are being trampled on then? On Fri, Dec 18, 2015 at 8:56 AM, Josh Luthman <j...@imaginenetworksllc.com <mailto:j...@imaginenetworksllc.com>> wrote: Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <lewis.berg...@gmail.com <mailto:lewis.berg...@gmail.com>> wrote: I can't defend his brashness, but the fact remains that pure capitalism is the best way demonstrated to date to innovate and health care or pharma is not exempt. Big rewards encourage big effort yielding big results. These pharma companies have something like 7 years until the exclusivity period expires. That can be a pretty short time to recover investments. This particular case may be a bit extreme but to say that capitalism is broken in America is simply ludicrous. I recently attended my sons graduation from Texas Tech on a Friday. Thursday night at the hotel was $159 and Friday was $269. I don't think that is price gouging. I think it is a reflection of the simple fact that there are fewer rooms available on that particular night than are demanded at $159. The equilibrium was found at $259 where supply and demand come closer to being equal. At that price I still witnessed people turned away wanting a room due to t