When You Don't Jail Lawbreakers, You Get More Of Them
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2018-03-22 07:00 by Karl Denninger
in Health Reform , 174 references Ignore this thread
When You Don't Jail Lawbreakers, You Get More Of Them
[Comments enabled]

No, really?

Public Citizen’s Health Research Group today released an updated report cataloging all major financial settlements that the pharmaceutical industry has been forced to sign with federal and state governments from 1991 through 2017 for illegal activities.

The report shows a dramatic decrease since 2013 in both the total amount paid and the average penalty. Additionally, it found that state governments have virtually stopped prosecuting pharmaceutical manufacturers on their own initiative and with their own resources.

The companies paid fines for law-breaking such as marketing drugs for unproven uses and paying kickbacks to doctors.

Not only are fines just a cost of doing business but the amounts and number of such prosecutions are decreasing dramatically, while the behavior has not gone down -- it's gone up!  Indeed, the criminal financial penalties have dropped by 90%.

Any why not keep doing it?

We all know robbing banks is illegal.  Let's assume that instead of throwing bank robbers in prison we instead made them pay back just 5% of what they stole.

You wouldn't be able to actually get to a teller in the bank unless you were willing to wait for the five bank robbers in line in front of you to finish their "jobs"!

This is so blatantly obvious it's disgusting, yet nobody -- and I do mean nobody -- cares.

The problem is that eventually the people will care, and some subset of them, even if a very small subset, will start taking their own idea of "justice" to said individuals and those who protected them.  There is little or nothing the government can do if and when a group of citizens, or even just a few individual citizens, decide to spend their remaining life all at once obtaining redress for what the government refuses to prosecute, despite it being illegal conduct.

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Ktrosper
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TG wrote..
will start taking their own idea of "justice"

Yep.
Thank you.

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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
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Whitehat
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Quote:
The problem is that eventually the people will care, and some subset of them, even if a very small subset, will start taking their own idea of "justice" to said individuals and those who protected them. There is little or nothing the government can do if and when a group of citizens, or even just a few individual citizens, decide to spend their remaining life all at once obtaining redress for what the government refuses to prosecute, despite it being illegal conduct.


two reasons no, people have to understand what is going on and be so desperate or personally hurt that they no longer care for consequences or society gets broken to the point that um, er, things get overlooked.

right now people are in the mode of figuring out their own scams for over three decades some. they know what we know and figure why be the chump who follows the rules. this is also present in many aspects of life outside of business and money showing how ****ed up we have become. and it increases exponentially the frauds and dishonesty as everyone joins in to some degree or cares not what or why. only when the scamming is impossible will people take stock.

we must also be careful about what we say or predict. drawing the attention of authorities is never a good thing.

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