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| POLITICS & DONALD Annoying Orange MEGATHREAD |
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| Mr Queeba:
corporate lobbying really stinks |
| Cappytaino:
--- Quote from: Mr Queeba on January 01, 2018, 01:54:17 PM ---corporate lobbying really stinks --- End quote --- The market being forgeted-with in general sucks --- Quote from: SeventhSandwich on January 01, 2018, 01:19:47 PM ---It isn't just lobbying and corruption though - the basic principles of market economics are the reason why healthcare is so expensive. Lots of life-saving medications are patented and held by single owners who have no incentive not to price-gouge people. This exists independent of how much it costs to get something through drug approval, since the price set by a monopolist is just going to be a function of the cost of producing the pill and how much people will pay for it. --- End quote --- Monopolies in general are cancerous and destructive regardless of the industry. Such monopolies prevent the market from functioning properly. What really sucks is that generic medications (which in many cases could replace the very expensive name-brand ones functionally for a much lower price) are often either not approved by the FDA or widely available for purchase (thus putting pressure on the monopoly to either adjust their price or lose customers and money) I agree with you that the healthcare system is forgeted, but I don't think it's necessarily the fault of the free market. As you said, patents on medication artificially remove competition from the market and allow the price gouging to happen and monopolies to form in the first place. If the market can't act due to lack of competition, of course there will be issues. I don't know what would be the least intrusive way to fix this, however. |
| Nonnel:
--- Quote from: Juncoph on January 01, 2018, 10:48:59 AM ---name one system where you, a healthy, fit-for-work human being, don't starve by not working communism would label you a social parasite capitalism wouldn't pay you all forms of anarchy would just directly have you starve --- End quote --- Don't get me wrong, everyone who's fit to work should work. I'm talking specifically about when there's no other option but jobs that underpay, which is pretty much all of them if you're not a college graduate. IMO everyone should still have access to free soup kitchens and stuff like that tho. It's a basic necessity and some people just fall on hard times. --- Quote from: Cappytaino on January 01, 2018, 02:56:00 PM ---I agree with you that the healthcare system is forgeted, but I don't think it's necessarily the fault of the free market. As you said, patents on medication artificially remove competition from the market and allow the price gouging to happen and monopolies to form in the first place. If the market can't act due to lack of competition, of course there will be issues. I don't know what would be the least intrusive way to fix this, however. --- End quote --- Don't allow patents on medication would be a good start |
| Cappytaino:
--- Quote from: Nonnel on January 01, 2018, 02:57:38 PM ---Don't allow patents on medication would be a good start --- End quote --- This is a very slippery slope to go down. On one hand, restricting patents on medication would allow more competition to be introduced into the market But on the other hand, restricting patents would lead to lower incentive for research and development because at the end of the day, pharmaceuticals are an industry like any other. The incentive for R&D is mostly financial. I don't disagree that patents certainly can do a lot of harm with regards to price inflation of medication, but at the same time they're one of the larger protectors of the incentive for investors. Without capital from investors, where are you going to get all the money to develop new drugs? |
| Nonnel:
--- Quote from: Cappytaino on January 01, 2018, 03:01:41 PM ---This is a very slippery slope to go down. On one hand, restricting patents on medication would allow more competition to be introduced into the market But on the other hand, restricting patents would lead to lower incentive for research and development because at the end of the day, pharmaceuticals are an industry like any other. The incentive for R&D is mostly financial. I don't disagree that patents certainly can do a lot of harm with regards to price inflation of medication, but at the same time they're one of the larger protectors of the incentive for investors. Without capital from investors, where are you going to get all the money to develop new drugs? --- End quote --- That's true. Maybe give five years or so before it goes public domain so they can get a head start? |
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