Re:How Kirkland Signature Powers Costco's Success
by rfwhyte on Sunday March 24, 2019 @02:35PM
(#19477943)
I'd imagine a factor in the rising rates in developing nations is the due to the fact that 40%+ of global tobacco sales come from state owned firms. China's state owned China Tobacco company is the world's largest tobacco company and earns profits in excess of $16 Billion annually. Very little incentive to cut smoking rates when smoking is contributing billions to state coffers.
Re:How Kirkland Signature Powers Costco's Success
by gotocake on Monday March 25, 2019 @09:32PM
(#19488490)
That’s a very good point, but of course the government is going to have to pay in some fashion for the health impacts of smoking. It’s sort of a weird situation for a government to be in, making profit from tobacco and shouldering the inevitable externalities. I don’t know the specifics of how that breaks down though, or if it’s still a net profit center.
Of course it may not matter in the sense that cronyism could ensure the burdens are placed on one group, and the benefits concentrated in another. I don’t know enough about China though, to say more.
Smoking in the United States and other developed nations is declining, but it’s rising worldwide. Tobacco companies simply shifted their focus to poorer, less educated nations and they’re taking in the money.
https://en.m.wikipedia.org/wiki/List_of_countries_by_cigaret...
While smoking rates have leveled off or declined in developed nations, especially among men, in developing nations tobacco consumption continues to rise.