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No industry is a monolith, and yet there's not a single whistleblower that's come forward? There's not a single hedge fund that's dropped a Hindenburg style exp
by Calavar 3y ago
No industry is a monolith, and yet there's not a single whistleblower that's come forward? There's not a single hedge fund that's dropped a Hindenburg style expose as it short sells a pharma company's stock?
- motohagiography 3y agoThis is a really interesting question. There is the issue that Pfizer is too big to fail and there is no situation where countries that bet their democratic legitimacy on Pfizer products are going to prosecute them, so there isn't a short case you can publish and reasonably time. The thing about betting on conspiracy theories is that the theories only exist because they're getting away with it. They say you should buy the rumor and sell the news, but the smarter play may be to buy the conspiracy theory - and then just hold indefinitely.
- DoreenMichele 3y agoCurrently on the front page of HN: California sues 5 major oil co's for campaign of deception about climate change https://news.ycombinator.com/item?id=37540420 https://news.ycombinator.com/item?id=37540420 And it's hardly the first time that it came to light industry insiders knew X caused harm and suppressed it for decades.
- motohagiography 3y agoWhat makes that a not-analogous example is that there is an active campaign to destroy oil companies, most likely as a means to nationalize them as there is no situation in the next 100 years where oil goes away, and also that this is California where nothing is real.