The unspoken side effect of treating absolutely everything as a Business/commercial opportunity or something to be monetized. Is it Ultimately can and frequently does generate counterproductive and counter-intuitive outcomes and behaviors as often as it does beneficial ones. Contrary to societal expectations.
One of the objectives most people have with starting a Business is to ultimately generate tons of money and profit. Along with consistent repeat customers. In many places this ultimately isn’t a problem.
But it certainly fields such as Medicine. The goal and purpose of starting a Business, IE generating as much profit as you can reasonably extract, runs contrary to the popular expectation of Medicine. Which is ultimately curing and treating illness. But if you consistently cure people and develop successful treatments. They no longer need your products. Which harms your bottomline and your whole purpose for starting a business in the first place.
So you either need to create more problems and illnesses to manage, cure, and treat. Or focus on treating/managing symptoms rather than developing cures.
More competition won’t change the fact that fundamentally the incentive structure that spawns from treating Medicine as a Business is part of the modern problem in medicine.
There’s also the incentive in other industries such as energy to actively hamstring Technological Development if it’ll harm your bottomline as well. Of which the Fossil Fuel and Energy Companies are more than acquainted with. Who do you think threw all the money at the Anti-Nuclear groups and NGOs?
I’d imagine there’s also more than one tech company has ultimately buried or destroyed promising research and prototypes because it ultimately threatened their financial interests.
Yup. I think Elon buying twitter, releasing grok forced the hand of tech companies. They were all slow walking this AI technology. I think china also dumping massive free open weights on the market is forcing western extraction methodology to speed up
Likely the Chinese are indeed pushing things along. In part because if people get hooked on Chinese versions first. It’s going to make it exceptionally difficult for anyone else to get off the ground.
One of biggest challenges we’re ultimately probably going to have to deal with going forward is ultimately dealing with the consequences of the past century of blind worship of the Markets and Business as being inherent moral goods in of themselves. And it’s subsequent consequences of creating a significant class of people whose only real loyalty is to money and profit.
Though it looks like Trump is taking steps to ultimately confront that. Which have largely flown under the radar. But since the Intel company bailout. The Feds via various means have begun acquiring equity stakes in various companies and resource operations. Up to 10% in most cases. Most are focused around resource development and critical infrastructure.
Last I saw they hit 10 companies. With potential plans to acquire stakes elsewhere. I think he’s largely leaving that part of the equation up to Lutnick and the Treasury though. With probably the War Department advising. As their acquisitions thus far have been primarily security related.
But it would begin tying the hands of the Corporate Elite that have been so eager to sell us out as parts of their wealth, fortunes, annd companies ultimately become linked to the welfare of the U.S.
Ironically almost a reverse engineering of the incentive structure of Medieval Nobility.
Yup. You want government money, we’re getting a stake for the people. New boss new rules. Investment = Equity. No free lunch. I hope he does the same with these wall street firms next time they come for a bailout. It should have been this way since the 80s.
Mostly money. Partly control.
The unspoken side effect of treating absolutely everything as a Business/commercial opportunity or something to be monetized. Is it Ultimately can and frequently does generate counterproductive and counter-intuitive outcomes and behaviors as often as it does beneficial ones. Contrary to societal expectations.
One of the objectives most people have with starting a Business is to ultimately generate tons of money and profit. Along with consistent repeat customers. In many places this ultimately isn’t a problem.
But it certainly fields such as Medicine. The goal and purpose of starting a Business, IE generating as much profit as you can reasonably extract, runs contrary to the popular expectation of Medicine. Which is ultimately curing and treating illness. But if you consistently cure people and develop successful treatments. They no longer need your products. Which harms your bottomline and your whole purpose for starting a business in the first place.
So you either need to create more problems and illnesses to manage, cure, and treat. Or focus on treating/managing symptoms rather than developing cures.
More competition won’t change the fact that fundamentally the incentive structure that spawns from treating Medicine as a Business is part of the modern problem in medicine.
There’s also the incentive in other industries such as energy to actively hamstring Technological Development if it’ll harm your bottomline as well. Of which the Fossil Fuel and Energy Companies are more than acquainted with. Who do you think threw all the money at the Anti-Nuclear groups and NGOs?
I’d imagine there’s also more than one tech company has ultimately buried or destroyed promising research and prototypes because it ultimately threatened their financial interests.
Yup. I think Elon buying twitter, releasing grok forced the hand of tech companies. They were all slow walking this AI technology. I think china also dumping massive free open weights on the market is forcing western extraction methodology to speed up
Likely the Chinese are indeed pushing things along. In part because if people get hooked on Chinese versions first. It’s going to make it exceptionally difficult for anyone else to get off the ground.
One of biggest challenges we’re ultimately probably going to have to deal with going forward is ultimately dealing with the consequences of the past century of blind worship of the Markets and Business as being inherent moral goods in of themselves. And it’s subsequent consequences of creating a significant class of people whose only real loyalty is to money and profit.
Though it looks like Trump is taking steps to ultimately confront that. Which have largely flown under the radar. But since the Intel company bailout. The Feds via various means have begun acquiring equity stakes in various companies and resource operations. Up to 10% in most cases. Most are focused around resource development and critical infrastructure.
Last I saw they hit 10 companies. With potential plans to acquire stakes elsewhere. I think he’s largely leaving that part of the equation up to Lutnick and the Treasury though. With probably the War Department advising. As their acquisitions thus far have been primarily security related.
But it would begin tying the hands of the Corporate Elite that have been so eager to sell us out as parts of their wealth, fortunes, annd companies ultimately become linked to the welfare of the U.S.
Ironically almost a reverse engineering of the incentive structure of Medieval Nobility.
Yup. You want government money, we’re getting a stake for the people. New boss new rules. Investment = Equity. No free lunch. I hope he does the same with these wall street firms next time they come for a bailout. It should have been this way since the 80s.
Now you've hit upon something. The medical industry are parasites.
Western elites and upper class are parasites.
Evil Parasites