Drudge Retort: The Other Side of the News
Monday, March 23, 2020

3M has a unique and critical responsibility in pandemic preparedness and response -- a responsibility I and all our people take very seriously. Our most urgent priority is the safety of our employees, healthcare workers and the public. Since the initial COVID-19 outbreak, we've ramped up to maximum production levels of N95 respirators and doubled our global output to a rate of more than 1.1 billion per year, or nearly 100 million per month. In the United States we are producing 35 million respirators per month; of these, more than 90% are now designated for healthcare workers, with the remaining deployed to other industries also critical in this pandemic, including energy, food and pharmaceutical companies. As a global company, we also manufacture respirators in Europe, Asia and Latin America, and our products are being similarly deployed to support the COVID-19 response in those respective regions.

Advertisement

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Pretty impressive to double output in 2 months and then to double it again in another 12 months.

#1 | Posted by Rightocenter at 2020-03-22 09:36 PM | Reply

#1. Agreed. Pretty amazing what a capitalist economy can produce in short-order when the demand is there.

#2 | Posted by JeffJ at 2020-03-22 09:41 PM | Reply

Read an article years ago comparing Capitalism and Socialism. It stated that the US is able to pull the rabbit out of the hat when necessary, unlike Socialist's countries.
Guess we still got it.

#3 | Posted by 6thPersona at 2020-03-22 09:56 PM | Reply

Maybe,I'm not convinced.

#4 | Posted by Effeteposer at 2020-03-22 10:41 PM | Reply

Oh so in ten months we can all have one.

We'll be in the third or fourth wave of outbreaks by then.

#5 | Posted by snoofy at 2020-03-22 10:54 PM | Reply

#2 | Posted by JeffJ

Any economy can. Look at what China did in Wuhan. They are communist.

#6 | Posted by GalaxiePete at 2020-03-22 11:29 PM | Reply

Hell - look what the USSR did during WWII for that matter. Note - not a fan of either here but the point is in a time of crisis production spikes can happen in any economy.

#7 | Posted by GalaxiePete at 2020-03-22 11:29 PM | Reply | Newsworthy 1

"Pretty amazing what a capitalist economy can produce in short-order when the demand is there."

The demand is global.
You think 3M should sell these globally?
In that case, it's only 200 months (16.67 years) until the whole world has masks.

Thanks, Capitalism!

#8 | Posted by snoofy at 2020-03-22 11:33 PM | Reply

Can capitalism build a hospital in 10 days like China?

#9 | Posted by bored at 2020-03-22 11:46 PM | Reply

Can capitalism handle a pause without a socialist bailout?

#10 | Posted by bored at 2020-03-22 11:48 PM | Reply | Newsworthy 1

Advertisement

Advertisement

#6 They are authoritarian, not communist. The CCP walks on two legs.

#11 | Posted by bored at 2020-03-22 11:50 PM | Reply

Good bet Congress own most of 3M stock by now.

#12 | Posted by REDIAL at 2020-03-23 12:07 AM | Reply

Can capitalism build a hospital in 10 days like China?
#9 | POSTED BY BORED

Certainly so long as you don't care how its built ...

using slaves!
stealing land!
No building permits or regulations be damn.

Not an issue.

But here we have regulations, and inspectors, you can't even get an inspector out in 10days.

They didn't even fill it .... though they said they did...

Four days after its opening, the larger Leishenshan hospital had only 90 patients, on wards designed for 1,600, but was reporting no spare beds, Wuhan city health data, first reported by the Chinese magazine Caixin, showed. The other facility, Huoshenshan, had not yet filled its 1,000 beds a week after opening.
www.theguardian.com

An interesting read for lovers of authoritarians such as yourself.

Can capitalism handle a pause without a socialist bailout?

All of China didn't pause, in West we are pausing.

Good bet Congress own most of 3M stock by now.
#12 | POSTED BY REDIAL

Or China

Maybe,I'm not convinced.
#4 | POSTED BY EFFETEPOSER

From the article 500K respirators are being shipped today, to NY and Seattle areas.

#6 They are authoritarian, not communist.

They used to be communist, I know my friend has told his stories about working in the rice fields at gun point. Now thats Authoritarian.

Do Capitalist make mass amount of people work in the fields at gun point?
Offer them chits on what and how much they can buy, like the US in wartime?
Can you post criticism of your government? Its leaders?

Your defense is weakened by the enormous amount of support HongKong protesters gave/wanted/showed their love of the US. These people, unlike you have skin in the game.

#13 | Posted by AndreaMackris at 2020-03-23 10:48 AM | Reply

Do Capitalist make mass amount of people work in the fields at gun point?

#13 | POSTED BY ANDREAMACKRIS AT 2020-03-23 10:48 AM | FLAG:

Some capitalists have.

#14 | Posted by sitzkrieg at 2020-03-23 11:11 AM | Reply | Newsworthy 1

#1. Agreed. Pretty amazing what a capitalist economy can produce in short-order when the demand is there.

#2 | POSTED BY JEFFJ

Absolutely!

And look, all we had to do was wait two months until the Private Sector was completely sure demand was going to be high enough for them to mass produce these things and they suddenly became willing to do it!

And all it took for demand to be there was the State Governments being willing to pay absolutely anything to get more of these things.

So yeah...two months late and completely dependent on needy State Governments...but still kind of sort of amazing?

#15 | Posted by Sycophant at 2020-03-23 02:02 PM | Reply

The demand is global.
You think 3M should sell these globally?

Looks like someone has been skipping thier Reading Comprehension Tutoring sessions again, FTA:

"As a global company, we also manufacture respirators in Europe, Asia and Latin America, and our products are being similarly deployed to support the COVID-19 response in those respective regions."

#16 | Posted by Rightocenter at 2020-03-23 02:12 PM | Reply

And look, all we had to do was wait two months until the Private Sector was completely sure demand was going to be high enough for them to mass produce these things and they suddenly became willing to do it!

Looks like someone has zero clue about what it takes to increase production (acquire machinery, redo tooling, obtain raw materials, etc.)

3M had to start this in late January to double production in 2 months.

but still kind of sort of amazing?

It is.

#17 | Posted by Rightocenter at 2020-03-23 02:15 PM | Reply

Pretty amazing what a capitalist economy can produce in short-order when the demand is there.

#2 | POSTED BY JEFFJ

That's hardly a capitalist thing.

Look up the manufacture numbers for the Soviet Union in WWII.

#18 | Posted by jpw at 2020-03-23 02:22 PM | Reply

I am not defending China's authoritarian government, but they were able to ramp up production at least as much as the west.

Producers respond to demand and innovate if they are not monopoly protected.

Funny reading people defend regulations and fair wages all of a sudden.

#19 | Posted by bored at 2020-03-23 02:25 PM | Reply

I am not defending China's authoritarian government

It's funny how many posts from the DR Left start with that nowadays.

#20 | Posted by Rightocenter at 2020-03-23 02:38 PM | Reply

3M had to start this in late January to double production in 2 months.

#17 | POSTED BY RIGHTOCENTER

No.

And you literally just proved why Capitalism has issues in these situations.

This production level is called their Surge Capacity which they put in place back in 2015 after SARS.
fortune.com

Companies are not charity organizations.

They made suitable capacity boosts possible after 2015 in case they saw a demand spike again so they could profit from it.

The US states and federal government will pay premium dollars for masks with a huge mark up. We still won't have enough. 3M is expected to make $250 million from the epidemic. And you will celebrate the triumph of Capitalism while missing the point entirely.

Hint: They wouldn't have created a surge capacity if it weren't for demand spikes from certain non-private buyers who don't worry about making a profit from the respirators, i.e. State Governments and the Feds. Government buying in bulk for hospitals and health care is not very capitalist.

Hint 2: They created Surge Capacity to the point where they thought they could profit from, not to the point where they would meet the needs of the country. So we still won't have enough.

Hint 3: Production only reached capacity when 3M saw they could make money from it. So there is a lapse in time before the need for the masks can be met rather than stockpiling beforehand and risking a loss.

Capitalism has some great parts, but don't pretend this is somehow a triumph of Capitalism.

#21 | Posted by Sycophant at 2020-03-23 06:19 PM | Reply

"We've extended the liability protection so now that all the industrial masks that are manufactured as N95s are now available to hospitals and we're seeing a dramatic increase in production," Pence said. kstp.com

Part of the incentive for 3M to make more masks is they are released from product liability for these masks.

Deplorables want to pretend it's the free market!
It's obvious they've never actually brought a product to market.

#22 | Posted by snoofy at 2020-03-23 06:26 PM | Reply

Part of the incentive for 3M to make more masks is they are released from product liability for these masks.

Sounds like Chinese authoritarian to me .....

#23 | Posted by AndreaMackris at 2020-03-23 06:30 PM | Reply

"They made suitable capacity boosts possible after 2015 in case they saw a demand spike again so they could profit from it."

By "they," you're referring to 3M's shareholders. And you're right. That's where capitalism does provide a better outcome. This is people turning their money into a critical component in the fight to contain COVID. If they weren't going to make money on it, there would be no point.

In a socialist system where the state owns the means of production, there is no private investment to support these types of efforts. Someone mentioned the USSR, and while it's true that they were able to ramp up production as the war went on, they did so while being heavily subsidized by the US in terms of war materiel, and they did so at the expense of everything else. If they were going to produce tanks and airplanes, it meant that they weren't going to be producing refrigerators and cars. In fact the US was really able to supply the Soviets with everything they needed because Americans had put their money in banks throughout the later half of the 1930s, which gave them money to spend on war bonds. Which, in itself is pretty interesting if you consider that from US perspective, WWII was financed through the sale of war bonds.

Once more, showing that socialism can't survive without capitalists to support it.

#24 | Posted by madbomber at 2020-03-24 05:18 AM | Reply

By "they," you're referring to 3M's shareholders. And you're right. That's where capitalism does provide a better outcome. This is people turning their money into a critical component in the fight to contain COVID. If they weren't going to make money on it, there would be no point.
Once more, showing that socialism can't survive without capitalists to support it.

#24 | POSTED BY MADBOMBER

You are also missing the point.

Socialism doesn't work. But capitalism is also a failure.

The best route is a MIXED APPROACH.

By the way, as for the triumph of 3M, anyone know where you can get these masks in stores? Just kidding. You can't. Capitalism isn't producing enough.

#25 | Posted by Sycophant at 2020-03-24 12:39 PM | Reply

The best route is anything that works and take you ideology and shove it. At a time like this, anyone still preching ideological b.s. is either crazy or stupid. There is no excuse for it any more.

#26 | Posted by danni at 2020-03-24 12:54 PM | Reply

Morons like Madbomber need to remember who actually won WWII. And guess what, they were Communists.

#27 | Posted by danni at 2020-03-24 12:58 PM | Reply | Funny: 1 | Newsworthy 1

"Once more, showing that socialism can't survive without capitalists to support it."

The Fed just printed $5,000 for every American... you know, according to our abilities. And gave it to Wall Street, according to their need.
Once more, Capitalism can't survive without Socialism to support it.

#28 | Posted by snoofy at 2020-03-24 01:01 PM | Reply

"Socialism doesn't work. But capitalism is also a failure.
The best route is a MIXED APPROACH."

People like MadBomber are like lawyers arguing for their client.
It doesn't matter if you're right.
It doesn't matter if he know you're right.
He's just following orders, as he has been trained to do.
He gets paid well to do that. He's not about to start asking "Why?"

#29 | Posted by snoofy at 2020-03-24 01:09 PM | Reply

Speaking of Capitalism,

MadBomber, should these masks be sold at market or what?
Global market, national market, restricted national market, allocated by some central planner, or what?
I can't wait for your answer!

#30 | Posted by snoofy at 2020-03-24 01:12 PM | Reply

And guess what, they were Communists.

#27 | POSTED BY DANNI

Guess who is wining the pandemic.

Communists.

Only a communist country can force enough draconian measures on its people to be able to shut down an economy the way it needs to be shut and force the people off the streets and back into their homes.

No new infections for days (if you can believe them) in Communist China.

#31 | Posted by donnerboy at 2020-03-24 01:19 PM | Reply

Good bet Congress own most of 3M stock by now.

#12 | POSTED BY REDIAL AT 2020-03-23 12:07 AM | FLAG: Anyone invested in a mutual fund, are a public employee, or union member who falls under a pension plan, there is a good chance the you may be invested in Minnesota Mining & Manufacturing - hence, 3M.

A little info:
It is based in Maplewood, Minnesota, a suburb of St. Paul. 3M made $32.8 billion in total sales in 2018 and ranks number 95 in the Fortune 500 list of the largest United States corporations by total revenue. As of 2018, the company has approximately 93,500 employees, and has operations in more than 70 countries.

One of the main reasons this is such a successful company is their investment in R&D: 3M Company, is a U.S.-based multinational company that produces some 55 thousand products, ranging from adhesives to electronic materials. 3M's spending research and development in 2019 came to around 1.9 billion U.S. dollars.Feb 26, 2020

#32 | Posted by MSgt at 2020-03-24 01:46 PM | Reply

Uber...in addition to offering free food delivery (still paying drivers meaning they are losing money...Doordash doing the same.) Uber is also offering any freelance driver who becomes quarantined paychecks equal to what the driver usually makes. Uber is also getting ready to equip 300,000 drivers at Uber's expense to transport medical supplies. Uber also has petitioned Trump and Congress to extend money for lost income that many drivers are experiencing...we drivers and especially us food and grocery deliverers are critical right now.

On top of that Uber is also requesting laws be put in place that would enable rideshare drivers receive benefits just as any employee would.

Liquor producers are converting to making hand sanitizer.

Many stores are sanitizing the their stores overnight and then opening for the first 2 hours for the elderly and those with impaired immune systems.

Do you honestly think a government program could move so fast as what is happening with our free enterprise system? If you do you are severely deluded.

#33 | Posted by Idependant97 at 2020-03-24 02:22 PM | Reply

"The best route is a MIXED APPROACH."

A mixed approach?

Isn't that kinda what's happening here.

I guess everyone has their own definitions, but I would regard a mixed approach as being something close to Keynesian policy, where the government steps in to facilitate economic smoothing to reduce the strain of business cycles. That would seem to be the case at the moment, and if not, it should be.

#34 | Posted by madbomber at 2020-03-24 03:39 PM | Reply

"The Fed just printed $5,000 for every American... you know, according to our abilities. And gave it to Wall Street, according to their need."

Really?

I'd love to read more about this. The googles aren't returning anything.

#35 | Posted by madbomber at 2020-03-24 03:42 PM | Reply

#30.

Of course they should. If some other country contracts 3M (or anyone else) to produce masks, why wouldn't they?

#36 | Posted by madbomber at 2020-03-24 03:44 PM | Reply

#33

To be fair, I'm not sure that China has an Uber, Doordash, or independent liquor producers. Not the legal kind anyways. Nor Cuba. And probably not Venezuela either, and it's the most capitalist of the socialist bunch.

#37 | Posted by madbomber at 2020-03-24 03:47 PM | Reply

"By the way, as for the triumph of 3M, anyone know where you can get these masks in stores?"

I can have masks (not n95) shipped to my address in DEU from the US. I don't know about the n95 masks. They appear to be available, but they won't ship to my location.

Here's the link if you're in the market:

www.amazon.com

#38 | Posted by madbomber at 2020-03-24 03:51 PM | Reply

#9 | Posted by bored If we use the assets the military possesses we can have a 300 bed hospital in a day, complete with generation capacity and water purification and waist disposal. Counting the reserves and national guard, we have 14 of those. We also have three hospital ships in service, they are self sustaining, and have room for about 500 beds at capacity

#39 | Posted by docnjo at 2020-03-25 11:14 AM | Reply

We can't produce skilled doctors and nurses nearly as quickly.

#40 | Posted by visitor_ at 2020-03-25 01:35 PM | Reply

If you wonder about a conspiracy, here is a real one. The AMA has deliberately created a shortage of doctors. But it didn't work. Foreign doctors have taken up the slack. Then out in the sticks, in flyover country in places like Texas built the largest medical schools in the nation. At this moment the University Of Texas, Houston graduates and licenses more physicians than all the Ivy league's total every year.

#41 | Posted by docnjo at 2020-03-25 08:06 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2020 World Readable

Drudge Retort