r/news Jan 14 '22 Silver 19 Gold 1 Helpful 19 Wholesome 18 Evil Cackle 3

Shkreli ordered to return $64M, is barred from drug industry

https://apnews.com/article/martin-shkreli-daraprim-profits-fb77aee9ed155f9a74204cfb13fc1130
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u/amiaffe Jan 14 '22

A sacrifice for the appeasement of the unwashed masses.

What Shkreli did was completely in line with the economic system of the USA and the so-called free market's logic. Shkrelli's crime was openly admitting to it.

55

u/WelpSigh Jan 14 '22

i mean, he did not openly admit to securities fraud. his shit with drug price gouging raised his profile and made prosecuting him easier, but that wasn't what he got convicted for. he defrauded investors, especially large hedge funds, which is generally not OK for anyone (see: elizabeth holmes)

4

u/Han_Slowlo Jan 14 '22

Modern American business logic goes as follows:

  1. Make promises you can't currently fulfill
  2. Raise enough capital with your empty promises to...
  3. Hire enough talent to make your unfulfillable promises a reality
  4. Rinse and repeat

In this system, Holmes' only crimes were being unable to pull off step 3. I'm not saying she should be absolved, but I am definitely saying we should reconsider the way we vilify her in the context of the toxic system that produced her.