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Comment Re:See Amazon as an example (Score 1) 115

I don't think price inputs for a product are an essential part of free markets; in the end, the Rational Consumer (TM) only cares about the perceived quality of the product and the cost. If widget maker A is selling widgets for $2, and widget maker B is selling widgets of the same quality for $2.10, but widget maker A only pays $0.10 in input costs while B pays $0.50 - you should still go with widget maker A's product, even though their margins are higher.

The point about private deals, not knowing what other people were paying for something is appreciated and correct in that sense, but it's not really applicable to retail products. If I go to Wal-Mart/Macy's/whatever, I know what other people are paying - I can see the price tag. That's how people respond to price signals. The price of my preferred brand of pasta just went up 50%? Maybe I'll try a different one.

Companies also respond to price signals; they'll try to lock in predictable prices and attempt to switch suppliers if costs get out of hand.

Comment Re:I hate how poorly people are informed on this.. (Score 1) 89

It's totally reasonable for the CCP to study coronaviruses as a potential pandemic, and if it turns out they were studying natural coronaviruses I will applaud them for doing the research while calling for the public execution of everyone who helped cover up the outbreak initially.

Comment Re:I hate how poorly people are informed on this.. (Score 1) 89

Eh, we should have taken it more seriously, but I don't think we'd have a large-scale, ready-to-deploy solution in place. Nobody wanted to fund much research, not even the CCP, and if we had done the research we wouldn't have millions of vaccine doses lying around. Not to mention, the most promising vaccine candidates now use technology that wasn't around back then, and there's no guarantee whatever we did for SARS-CoV using that tech would work against SARS-CoV-2.

I totally agree we should have taken SARS more seriously, and done more research into it, but I think it's optimistic to think that taking it seriously then would have prevented quarantine now.

Comment Re: who cares? (Score 1) 89

I agree with most of what you said, but frankly in this situation even 6 months of immunity would be super helpful. We'd have some idea of how long-lived immunity is from the early clinical trials, and based on approval/production times we ought to know that before a substantial proportion of people are inoculated. We'd ideally then continue inoculating people while searching for a better vaccine.

Comment Re:So what is your proposed solution? (Score 1) 205

Clarity and precision are really good things to have in your business contracts. You want to know exactly what you're responsible for and what you can expect from your counterpart. Very good thing for legislature too, you want to know what you're not allowed to do and what the penalties can be.

Comment Re:China did it was a well thought out strategy (Score 4, Insightful) 641

Technically, he didn't say the virus was a hoax; he said the Democratic/media (same thing, to him) response to it was a hoax. Trump has screwed the pooch in so very many novel ways in his response to this, but the WHO and CCP also deserve a lot of blame.

Comment Re:more finger pointing (Score 1) 641

It is finger pointing, but I'm inclined to agree with the sentiment ("the WHO really fucked up and are partially responsible for the mess we're in"), if not his methods. The WHO did what they did because the CCP has too much sway over them; cutting their budget from the American side will only increase that.

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