Re:Moderna CEO made $400M last year–2,435x the median salary...
by happytoexplain on Friday August 18, 2023 @02:35PM
(#37180119)
This is obviously a false binary. There is a complex multi-variable gradient between the two extremes. People don't want it both ways - they want it somewhere in the middle, and they reasonably disagree about where.
Re:Moderna CEO made $400M last year–2,435x the median salary...
by beefpies on Friday August 18, 2023 @02:24PM
(#37179970)
Given that the relied on $1.7B of grant money, this would seem to be a heavily socialized effort but with privatized profits, no?
Re:Moderna CEO made $400M last year–2,435x the median salary...
by TylerE on Friday August 18, 2023 @02:12PM
(#37179793)
When there is so much fat cattery in the private sector, it is no longer more efficient.
Re:Moderna CEO made $400M last year–2,435x the median salary...
by AdamJacobMuller on Friday August 18, 2023 @02:21PM
(#37179933)
We have the worst of both worlds now, socialized risk with privatized profit.
Re:Moderna CEO made $400M last year–2,435x the median salary...
by pfannkuchen on Friday August 18, 2023 @02:19PM
(#37179910)
Have Disney or Apple received billions from taxpayers?
Re:Moderna CEO made $400M last year–2,435x the median salary...
by forinti on Friday August 18, 2023 @02:34PM
(#37180098)
In a way, they have, especially Disney, through IP laws. They have been granted protections which are not really fostering innovation and have just turned into rent seeking.
Re:Moderna CEO made $400M last year–2,435x the median salary...
by benjaminwootton on Friday August 18, 2023 @02:22PM
(#37179944)
Indeed. Moderna was real science, real innovation, and mostly huge globs of real private capital at risk. And though I'm skeptical on almost anything "Covid", most people think he saved the world with this vaccine technology which has big potential in future. This is capitalism 101, and the spoils need to go to the victor for it to work.
Any government funding does muddy the waters slightly, but anything they did contribute I assume was for the public good.
Re:Moderna CEO made $400M last year–2,435x the median salary...
by mrguyorama on Friday August 18, 2023 @02:26PM
(#37179998)
>mostly real private capital at risk
It absolutely was not! It was billions of public funding for a public health emergency.
Re:Moderna CEO made $400M last year–2,435x the median salary...
by benjaminwootton on Friday August 18, 2023 @02:29PM
(#37180042)
As described in peer comments, mRNA was a platform developed in the decade prior with over $3 billion of private risk capital. The government came in to help them get the Covid vaccine to market using that existing platform.
Either you're a capitalist or you're not. If the company in question was Disney or Apple, this wouldn't be appearing on HN in any capacity.