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From the site: > Fucking governments should institute Fucking price controls and ration Fucking masks > That is a Fucking horrible idea. Price controls mean n
by paranoidrobot 7y ago
From the site:
> Fucking governments should institute Fucking price controls and ration Fucking masks
> That is a Fucking horrible idea. Price controls mean no Fucking incentive to make Fucking masks. They mean people will waste Fucking masks and no one will have Fucking masks. Take it from our experience in Hong Kong, rising prices mean supply will soon flood the market.
Oh, wow. So many wrong things here.
There's an assumption that there's extra idle manufacturing capacity in the factories producing masks. This is doubtful in the extreme, they're selling every single mask they can already.[1]
We've seen this with the depletion of stocks of toilet paper - manufacturers ramped up production within days. The mask shortages have been for weeks now, anyone with any ability to produce masks, is already doing so at full rate.
What about standing up new manufacturing facilities, or retooling other types of manufacturing facilities?
There's a huge amount of capital expenditure (let alone time) involved in such a thing. And this assumes that you can even obtain the equipment to do that manufacturing in a short period of time. I can't imagine there's a warehouse somewhere full of mask-manufacturing equipment.
There's no need for that capacity normally, so as soon as this pandemic is over, the need for that extra capacity will disappear.
Is there any medical expert who believes that this situation won't be resolved (one way or another) within a year?
All that we achieve with completely free-reign/uncontrolled market in this situation is to allow exploitation of the needy. As we saw with multiple cases over hand sanitiser, toilet paper and wipes.
[1] https://www.wired.com/story/surreal-frenzy-inside-us-biggest-mask-maker/ https://www.wired.com/story/surreal-frenzy-inside-us-biggest...
- bryanlarsen 7y ago> the need for that extra capacity will disappear. The coronavirus will likely normalize mask usage world-wide, so a lot more people will start using them with normal colds & flus like they currently do in China.
- paranoidrobot 7y agoI don't doubt it, but even in cultures where mask usage is commonplace, it's still not used by everyone (or even most people) all the time. The demand level will drop significantly.
- threatofrain 7y agoIn that interview it does seem that there’s spare capacity and that the CEO simply doesn’t wish to be burned by misreading the market as happened before in company history. The CEO goes on to note that he has warned the national government many times, and that an urgency on their part is no emergency for him. > anyone with any ability to produce masks, is already doing so at full rate.
- paranoidrobot 7y agoThe wired article doesn't go into too much detail - I forget which one I read that went into a bit more detail, but NPR has more information[1] It's clear that he doesn't have any additional capacity to turn on. [1] https://www.npr.org/sections/health-shots/2020/03/05/811387424/face-masks-not-enough-are-made-in-america-to-deal-with-coronavirus https://www.npr.org/sections/health-shots/2020/03/05/8113874...