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> "I’m taking Walmart’s money..." This is the core reason that Shkreli got raked over the coals. He went on television and clearly broadcast that he didn't car
by cookiecaper 8y ago
> "I’m taking Walmart’s money..."
This is the core reason that Shkreli got raked over the coals. He went on television and clearly broadcast that he didn't care about the rules or conventions of the ruling class. He was going to make the noise he felt proper, and he was in a position with too much influence to tolerate such noise-making -- that's besides his failure to cave to their pressure to lower the price back down and/or provide some other form of damage control when faced with media pressure, as most executives would've (resulting in a win for insurance companies).
Shkreli was naive to believe that he could signal his non-compliant thought process without becoming a target for those who are seriously invested in maintaining the status quo. The people who work to maintain this careful balance between public exploitation and complacency immediately recognized it as something they couldn't tolerate and set up to paint him as the sniveling, greedy bad guy who liked watching babies die.
Everyone should pay attention. Anyone who does anything more complex than collecting a standard W2 paycheck can easily be brought up on a variety of white-collar charges (and those who just collect a paycheck can be brought up moderately easily).
Shkreli is an example of why you have to be careful what you say and can't just come out and let the cold hard truth do the talking for you. Spinmasters and assailants are lurking out there, and they will turn nasty quick if they interpret a threat.
Watch your back out there. Shkreli is a peer of many of us who read HN. It can happen to you, too.