Why are corporate fines for shady or illegal business practices so often less than the amount they made by doing those illegal practices? At that point, don’t the fines just become a cost of doing business?
Specifically thinking about Perdue Pharma. PBS article says they made $35billion pushing opioids, but the current court case is only seeking $6billion on fines. Ignoring the Sackler’s immunity request, this is still a net win.
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If you fined companies on revenue, and not on profits, you will not have any medicine and drug research at all. That would not be good.
Back about 4 years ago, I used Opioids, as prescribed, for 5 or 6 days and was damn glad they were available. Would have been a lot of agony and pain without.
While I understand there was a lot of illegitimate use of the product you can not produce fines on the total revenue. That will discourage the development of drugs with beneficial uses.
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