Well, we've proven the 27 smaller, competing bureaucracies are creating plenty of their own issues. It's not like the US where 50 states (and yet more territories) actually compete on simplifying corporate law and offering strategic advantages.
Corporate law is inherently somewhat bureaucratic; better simplify it and unify it if proven necessary.
Before Brexit there was the 1£ Ltd. as a famous contender, which got quite attraction and lead to creation of German UG. Nowadays Estonia is advertising their quick digital registration process.
The problem is that you are still bound to the individual countries legal system and many things there aren't unified. Having to appear at an Estonian court as your books don't comply with Estonian regulation (while at the same time for tax purpose your bookkeeping have to comply to your local legislation) isn't fun.
Also people don't know those names. What is a GmbH, an A.S., an OÜ? Is that a serious business or some shady shell company far off?
Bureaucracies are not in competition though. They are intended monopolies. For a prospective company they are investment options, larger countries usually have larger bureaucracies but also larger labor markets.
Can someone explain to me why they can't solve this by moving the money back from Alameda to FTX? Assuming Alameda is not that bad at investing money, most of the loan should still be there no?
The noise is that they used it for the summer bailouts. I suspect a lot of this $8 billion will turn out to be illiquidity rather than vanished into the ether.
It's possible (likely) that Alameda has invested that money in iliquid assets or assets that have since lost value. Also, since the loans of FTX to Alameda were backed by FTT, which has since collapsed, even if FTX makes a margin call, the collateral has a fraction of the original value.
This is not how the WARN act works. Companies do not need to give a 60 day warning to layoff employees. They can instead pay out 60 days of severance. Which is what everyone always does since letting employees hang out at the office for 2 months after a layoff would be super weird.
This is completely incorrect and fundamentally misunderstands the drug supply chain. The price cost plus lists as typical are just made up. The price they have is just a markup on top of the acquisition price that every pharmacy gets. And the savings the claim are often comparing brand prices to generic prices. First, the consumer view of a brand price is not the same as the 'net price' paid by medicare (there are 20% to even 90% discounts handed by pharma to medicare directly). And second, brands are only dispensed when argued for by the prescriber.
The waste and high prices in the system is generated by pbms taking massive discounts from pharma (of which they keep a %) for brand drugs that shouldnt be covered or often even sold.
Cost plus pharmacy is vaporware - they are a website which applies a flat markup on top of third party pharmacies that will ship you the med. There are no special discounts, they literally aren't doing anything.
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