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foolrush

Makes these stories more relevant.

https://www.nytimes.com/2017/10/23/business/johnson-talc-can...

Almost as if the “free market” doesn’t regulate itself and generate ethical results...

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You realize that the FDA (regulator) was award of these results and still didn’t pull it off the market?

Oh damn I hadn’t seen that the FDA knew about it as well. That brings this to a whole new level of fucked up.

Yes, because the so-called "regulators" are in the hands of the companies which they are supposed to supervise. It's a complete perversion.

As someone who has worked with the FDA I find this laughable. The FDA has very few qualms about bringing the full force of the US govt down on a company.

Maybe, just maybe, the situation is a little more complex than you realize?

Don't forget to include the regulators in your argument, since they were also heavily involved. So much for "the free market".

That is somewhat of my point; the market actually dictates this abusive behaviour and endorses it.

All that matters is profit at all costs. Even if hit with fines, the entity can likely carry on existing because profit permits survival. Regulation needs to require prison for the white collars involved.

If we stop to think about what people are serving time in prison for at this moment, and comparative impact, it is shameful. The people who willingly perpetuated this in the name of profit will continue to have the right to vote, while someone in prison for marijuana may not.

> Regulation needs to require prison for the white collars involved.

You are completely missing the point. Here regulators were aware and judged it was fine to continue selling the product.

We can debate that we both are or aren’t, given it is a cyclical relationship of chicken egg.

The regulators are, in the USA, frequently installed lobbyists with profit-at-all-costs ideologies in place. It is clear that the USA’s concept of “oversight” is complicit in this.

Hard to shift those underlying ideologies.

> The regulators are, in the USA, frequently installed lobbyists with profit-at-all-costs ideologies in place

Then what is the alternative you suggest if you do not even trust the concept of having regulators?

What free market?

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