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Re:Worker pay isn’t keeping up with inflation by rspeele on Friday December 17, 2021 @11:07AM (#29594074)
The biggest gun manufacturer you can buy stock in is Ruger (RGR) with a market cap of 1.17B. Add Smith & Wesson and you're at 2B. Throw in Vista Outdoors which owns many of the top US ammo brands (plus some minor firearm and accessory brands) and you can get the total up to 4.3B.

I'll multiply that by 10 to guesstimate privately held companies, local gun stores, and the rest of the long tail. So let's say we're at $43 billion for the whole gun industry in the US.

Isn't that kind of podunk scale for an industry to have a rock solid hold on US politics? Snapchat alone is valued at $72B. Ford is $80B. Pfizer is $330B. Dollar General is $51B. Heck, Office Depot is worth more than S&W or Ruger.

Re:Worker pay isn’t keeping up with inflation by Zircom on Friday December 17, 2021 @12:59PM (#29595733)
I remember reading an article on how relatively cheap it is to "buy" politicians, on the order of just a hundred thousand dollars of donations in some cases, for favorable votes on relevant bills and whatnot.

I would assume if normal,everyday citizens started banding together to buy votes the corporations would up the ante and price us out pretty quickly, but as things stand right now there's no point without competition. Power of the free market baby!

Re:Worker pay isn’t keeping up with inflation by colejohnson66 on Friday December 17, 2021 @01:54PM (#29596617)
It "costs" that much because that's just the monetary value. The value of the connections required to get that dinner is where the real cost is.
Re:Worker pay isn’t keeping up with inflation by klyrs on Friday December 17, 2021 @11:14AM (#29594164)
Yeah, that's weird in perspective. Snapchat's valuation doesn't give them buying power, but Apple has nearly 200B cash on hand -- they could theoretically buy and close down all of these manufacturers and test the hypothesis that Big Gun is causing all the shootings.
Re:Worker pay isn’t keeping up with inflation by halfmatthalfcat on Friday December 17, 2021 @12:19PM (#29595161)
Theoretically, could Apple buy S&W and…just shut it down? Would the government allow it? Curious…
Re:Worker pay isn’t keeping up with inflation by beerandt on Friday December 17, 2021 @06:01PM (#29599400)
Most arms manufacturers have contracts with the government, including contracts to operate govt-owned ammunition factories.

Even smaller companies that don't make a product with a major govt/ military contract often have contracts as secondary suppliers of 3rd party or military spec'd parts, like scopes, mounts, triggers, etc.

A buyer could shut down a company that holds such a contract, but then it would just go back up for public bid.

Additionally, military standards for ammo are very high, and companies make money selling "factory seconds" (that don't meet military qa/qc, but are otherwise fine) to the public, which is an included perk of these govt contracts. And isn't a negligible fraction of required production.

So even a hypothetical buyer that would meet its contractual obligation to the govt would do so at an additional cost compared a company selling seconds and surplus manufacturing capacity.

In short, the market won't change without major policy change, no matter what major players might be hypothetically bought and shut down.

Re:Worker pay isn’t keeping up with inflation by klyrs on Friday December 17, 2021 @12:48PM (#29595591)
I imagine that if they bought them all at the same time, it would be seen as anticompetitive. But if they bought them serially, and shut each down before acquiring the next, would that skirt the law? Curious indeed.
Re:Worker pay isn’t keeping up with inflation by colejohnson66 on Friday December 17, 2021 @02:01PM (#29596756)
From my non-lawyer understanding: the Sherman Antitrust Act and any further bills/amendments aren't exactly explicit on what it means to be "anticompetitive" because it depends on the circumstances, and the writers wanted to allow the definition to adapt to changing circumstances. Regardless of if they buy them all at once, or buy and shutting them down serially, it's still arguably "anticompetitive". It's ultimately up to the courts to decide (if the FTC presses charges).
Re:Worker pay isn’t keeping up with inflation by dzhiurgis on Sunday December 19, 2021 @04:53AM (#29612666)
Sell consumers guns at silly prices, but only works if you hold it correctly...
Re:Worker pay isn’t keeping up with inflation by pgwhalen on Friday December 17, 2021 @05:08PM (#29598962)
> Snapchat's valuation doesn't give them buying power

This isn't true in practice. Sure, company stock is not as great as the almighty US dollar, but can be used to purchase other companies, and its valuation directly affects how much cash the company can raise.

Re:Worker pay isn’t keeping up with inflation by katbyte on Friday December 17, 2021 @01:00PM (#29595760)
as long as there is a market for guns another company will just step into its place. Much like as long as there is a market for drugs new dealers step up fast as you can arrest them.
Re:Worker pay isn’t keeping up with inflation by gruez on Friday December 17, 2021 @11:37AM (#29594523)
>Isn't that kind of podunk scale for an industry to have a rock solid hold on US politics?

relevant: https://slatestarcodex.com/2019/09/18/too-much-dark-money-in...

>all donations to all candidates, all lobbying, all think tanks, all advocacy organizations, the Washington Post, Vox, Mic, Mashable, Gawker, and Tumblr, combined, are still worth a little bit less than the almond industry. And Musk could buy them all.)

Re:Worker pay isn’t keeping up with inflation by xapata on Friday December 17, 2021 @03:59PM (#29598279)
Good article. It's amusing how one throw-away statement didn't hold up:

> As rich as Elon Musk is, he’s only one of five hundred billionaires, and some of the others are even richer.

Re:Worker pay isn’t keeping up with inflation by krapp on Friday December 17, 2021 @11:17AM (#29594220)
>Isn't that kind of podunk scale for an industry to have a rock solid hold on US politics?

Not when a Constitutional Amendment makes that industry "too big to fail" because its thesis on the necessity of the right to keep and bear arms depends on there being an industry manufacturing arms to begin with (at least at modern scale,) and when the industry overwhelmingly supports one political party, driving animosity with fear-based rhetoric against the other.

You just don't have the same intersection of identity politics, culture and even religion with any other industry in the US that you do with guns, even if the money spent elsewhere is greater.

Re:Worker pay isn’t keeping up with inflation by nradov on Friday December 17, 2021 @12:23PM (#29595214)
The individual right to keep and bear arms is a natural right of all free people. It doesn't depend on the existence of the small arms industry. When the US Constitution was written there was hardly even an industry; most firearms were craft built.
Re:Worker pay isn’t keeping up with inflation by dasil003 on Friday December 17, 2021 @12:58PM (#29595724)
> When the US Constitution was written there was hardly even an industry; most firearms were craft built.

You mean at the dawn of the industrial revolution, before which, you know, everything was craft built?

Re:Worker pay isn’t keeping up with inflation by nradov on Friday December 17, 2021 @03:39PM (#29598032)
Yes that's what I mean.
Re:Worker pay isn’t keeping up with inflation by krapp on Friday December 17, 2021 @04:35PM (#29598629)
We live in the 21st century, not the 18th century. If liberty requires that access to guns be a universal and inalienable right, then the capacity to manufacture and provide guns must scale with the population, and a small arms manufacturing infrastructure is necessary now to supply 300 million Americans with the access to firearms that the Constitution deems necessary for the US to remain a free state. Otherwise liberty diminishes because fewer guns wind up in fewer hands.

The Second Amendment does very much depend on the existence that industry, because if the government were to allow small arms manufacturing to fail, it would be de facto abridging the people's right to keep and bear arms. It's the only industry that has to exist in the US, by fiat.

Re:Worker pay isn’t keeping up with inflation by jaywalk on Friday December 17, 2021 @12:43PM (#29595532)
If what you're saying were true, it would mean that manufacturing guns and/or ammunition for anything other than personal use could be made illegal without running afoul of the 2nd Amendment. Which is absurd.
Re:Worker pay isn’t keeping up with inflation by bumby on Friday December 17, 2021 @05:51PM (#29599320)
Apparently, this can be pursued at the State level, so it may not be unconstitutional.

https://malegislature.gov/Bills/192/HD4192/Cosponsor

Re:Worker pay isn’t keeping up with inflation by SQueeeeeL on Friday December 17, 2021 @12:56PM (#29595687)
This entire thread is why gun control constantly keeps existing as an issue, you two people who should be political allies are now splitting hairs over relatively minor issues compared to the cost of healthcare and wage stagnation
Re:Worker pay isn’t keeping up with inflation by bumby on Friday December 17, 2021 @05:41PM (#29599246)
>You just don't have the same intersection of identity politics, culture and even religion with any other industry

I think this kind of monolithic homogenous group is fiction. I hear the same thing from other people about tech. Both sentiments lack a nuanced perspective.

Re:Worker pay isn’t keeping up with inflation by AtlasBarfed on Friday December 17, 2021 @01:00PM (#29595767)
Guns are almost a drug to the fading significance (psychologically, economically, politically) of the middle class white male. It's phallic, it makes you feel powerful and safe, it goes boom, and it is intimately tied to the mythos of the United States of America (well, and the Confederate States of America).

The amount of guns purchased by "gun nuts" reminds me of the stats on alcohol consumption: something like 80% of alcohol is consumed by alcoholics.

So you can mobilize a very rabid base politically.

Also, the gun manufacturers are tied in with the military and the diplomatic powers that be of the US (aka THE power brokers of the US government and the world).