I would love to see regulations define "fair profit."
Material costs + labor costs + fair profit = retail price.
Fair profit cannot be more than X% of retail price.
ohitsbreadley
joined 2 years ago
The mass shooters come from the pool of Fox News viewers. Dollars to donuts, if Fox News tried a segment tasked with deprogramming the hell spawn they created, the crazies would target the host in a heartbeat.
Hey, look, it's the guy who won the Nobel prize from the article. Did you only use Facebook for your research, or lemmy too?
We talking length or width?
Oooh good point. Supreme Court fucks the Public once again.
Checkmate atheists
I mean, being President should be a real job too, but that kind of ended in 2001 when we hired a moron. Obama would have done the job if the GOP had let him, instead of being so obsessed with his ethnicity.
That's...that's not where radios go...or phones for that matter...
...ideological colonization...
Wow, that's rich, coming from an institution that historically shipped zealots around the world to proselytize.
In the medical device and pharmaceutical industries, this more or less already exists in countries with socialized medicine. It's not as explicit as my formula, but the price of medications and devices are regulated. Industry needs to demonstrate the actual benefit of a new product over a prior product for the system to pay for it, and the price of the product is then set on the basis of the health economic value it brings.
Some say it stifles innovation, but honestly, it eliminates the bullshit minor changes that are only made to continue justifying high prices and exclusivity.
Anyway, I think the "Exodus of industry" argument is an empty threat the shareholder class makes when they feel threatened. A market is a market, and if they want to continue to sell in it, they have to follow the rules, even when they change.