Great piece, Mason. "It is the display of pecuniary superiority and the apotropaic warding off the obloquy of bad taste and low breeding, that attracts the purchaser." I love it. It's a boom and bust Ponzi scam, sort of like the ridiculously over-priced "tech" sector, and it's the same assholes doing the looting.
Maybe someone's already done it, but it might be fun to read a review of the collections of some of these multi-billionaire venture capitalist assholes, buying up US distribution rights for prescription drugs, and then jacking up the prices to generate profits for investors.
Great piece, Mason. "It is the display of pecuniary superiority and the apotropaic warding off the obloquy of bad taste and low breeding, that attracts the purchaser." I love it. It's a boom and bust Ponzi scam, sort of like the ridiculously over-priced "tech" sector, and it's the same assholes doing the looting.
Maybe someone's already done it, but it might be fun to read a review of the collections of some of these multi-billionaire venture capitalist assholes, buying up US distribution rights for prescription drugs, and then jacking up the prices to generate profits for investors.
https://investors.abbvie.com/
Thanks Sheldon. I'd like to get more into the economic issues. I should do a little more research into the collectors, what they are buying and why.