[Interest] Interest Digest, Vol 105, Issue 15

[Roland Hughes]

On 6/13/20 5:00 AM, interest-request at qt-project.org wrote:
>> Real business needs a 15-30 year LTS, not 5.
> How do you define "real business"? How about by revenue or market
> capitalisation? The biggest companies on the planet (Apple, Amazon, Microsoft)
> don't support your assertion. The top one (Apple) gives 2 years of support.
>
> Their success validates their business model.

A real business is one that make something or provides a service humans, 
at least a large population of them need. Unless something changed 
during the Mortgage Fraud Crisis during the Bush/Obama transition, (and 
it could have), automobile manufacturers are required to make parts for 
any vehicle sold in America for 20 years. This is one of the reasons the 
average age of a vehicle on the roads of America is just over 11 years old.

https://www.usatoday.com/story/money/cars/2019/06/28/average-vehicle-age-ihs-markit/1593764001/

Apple is a cult, not really a business model. There is no product they 
produce a human really needs. They inspire want in the cult and that 
translates into exorbitantly priced products and massive profits.

Another good example is drug manufacturing, especially the large use 
drugs. Metformin is the most commonly prescribed initial oral diabetes 
treatment after diet and exercise failed to control Type-2 diabetes. 
There are only a few ways manufacturers of generic Metformin can control 
the cost of the drug.

Don't pay suppliers.

Don't pay workers.

Amortize off the cost of the production line and certification.

Manufacture in a third world country that doesn't have an EPA or FDA 
getting certified with a few early batches then changing the 
manufacturing process without informing the FDA or getting re-certified.

Far too many chose the last option which is why we now have a flood of 
generic Metformin containing NDMA.

https://www.healthline.com/health-news/fda-investigates-if-cancer-causing-chemical-is-in-metformin

https://abcnews.go.com/Health/wireStory/fda-finds-contamination-brands-diabetes-drug-70955739

My earlier post about the FDA regulated company in California still 
running a physical PDP 11 is an example of a manufacturer of some 
medical product taking option 3.

My definition of a "real business" is one that is focused on providing 
services and products people actually need. While one can live in a 
COVID-19 stricken mega-city and get by without an automobile, the rest 
of the population needs to get around. I will wager the bulk of the 
companies making Penicillin today are using tech and processes that date 
at least as far back as that PDP 11. "Upgrading" isn't free for this 
world. When you change something, to do it legally, you need to get 
re-certified. A "free" OS update can cost you tens of thousands to 
millions of dollars going through the certification process.




-- 
Roland Hughes, President
Logikal Solutions
(630)-205-1593

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