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So basically Marcus Licinus Crassus strategy for money making is still alive, 2000 years later.
by dd82 3y ago
So basically Marcus Licinus Crassus strategy for money making is still alive, 2000 years later.
- permo-w 3y agowhat did Crassus do similarly?
- LiquidSky 3y ago>The first ever Roman fire brigade was created by Crassus. Fires were almost a daily occurrence in Rome, and Crassus took advantage of the fact that Rome had no fire department, by creating his own brigade—500 men strong—which rushed to burning buildings at the first cry of alarm. Upon arriving at the scene, however, the firefighters did nothing while Crassus offered to buy the burning building from the distressed property owner, at a miserable price. If the owner agreed to sell the property, his men would put out the fire; if the owner refused, then they would simply let the structure burn to the ground. After buying many properties this way, he rebuilt them, and often leased the properties to their original owners or new tenants. https://en.wikipedia.org/wiki/Marcus_Licinius_Crassus https://en.wikipedia.org/wiki/Marcus_Licinius_Crassus
- elcritch 3y agoOne could say he was giving the owners a chance at recovering some value rather than nothing. Also, it’s probably a more apt analogy for modern US hospitals: when you’re having say a heart attack you can’t exactly “price shop”.
- TrapLord_Rhodo 3y agoBut the slanted history point of view is that he started fires, so he can buy the distressed property. hospitals don't have an incentive to give you a heart attack.
- uoaei 3y agoHospitals absolutely do have an incentive, what they don't have is a means of triggering one that includes plausible deniability.
- sagarm 3y agoMedical errors happen all the time and often are preventable with better processes. Just don't invest in reducing the error rate and boom, more business.
- manmal 3y agoI‘m curious, why don’t hospitals have such an incentive? Naive conjecture would tell me otherwise.
- permo-w 3y agolitigiousness
- TrapLord_Rhodo 3y agoThey do have an incentive to tell you your house is on fire (I.G. prescription drugs, and the like), but they don't actively set houses on fire because they don't have 100% market capture to the patients.
- manmal 3y agoYou don’t need 100% market capture to profit off new customers.
- deleted 3y ago[deleted]
- thaumasiotes 3y agoWhat? There's no overlap between Crassus' strategy and the VFD's strategy as described above. The VFD asked you to pay recurring fees just in case your house ever caught fire, and when someone decided that was unlikely, they made it more likely by setting fire to his house. Note that in this strategy, if someone's house catches fire, that's bad for the fire department, and on top of that it looks like they just committed a crime. The fire department is in the business of threatening people until they pay for a service that the fire department hopes it will never need to provide. Crassus' strategy is completely different; he operates an actual fire department whose services are not available to other people. If your house catches fire, he'll buy it from you. Theoretically, Crassus could benefit from arson too, but he really doesn't need it. Crassus is in the business of buying things that have very little value to the seller (who has no way of extinguishing fires) but have a much higher value to him (because he does have a way of extinguishing fires). Unsurprisingly, this is very profitable for Crassus. But what's the similarity?
- h2odragon 3y agoI do not know if the VFD would have or did indulge in arson. That was certainly the implication I felt when they were speaking to me. Which was amusing because I'd had to go out and take the dogs off them to let them out of the truck to talk in the first place. I puzzled and annoyed them by confessing poverty, but offering to volunteer skilled labor. Apparently the firehouse didn't need wiring or network or anything :)
- s1artibartfast 3y agoI thought someone burned down the VFD guys house in an act of vigilante justice.