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Right - Exactly. Pharma drugs are granted monopolistic power by the government. Or even duopolistic power. That's exactly what ken47 and I are saying. To sa
by bduerst 11y ago
Right - Exactly. Pharma drugs are granted monopolistic power by the government. Or even duopolistic power. That's exactly what ken47 and I are saying.
To say that a market, which is regulated with government-granted monopolistic or duopolistic power, is a free market is quite a stretch.
- codexon 11y agoIt is becoming clear to me that you aren't even bothering to read what I wrote. So this is going to be my last reply. Generics are extremely easy, cheap, and fast to pass approval. Needing a minimal amount of time to check that your drug is roughly equivalent to an existing drug is NOT a monopoly.
- bduerst 11y agoI did read what you wrote: https://news.ycombinator.com/item?id=10255578 https://news.ycombinator.com/item?id=10255578 >I don't see how pharma is not a free market in this case. It's a monopoly because it has government-granted monopolistic power. Generics can go through the approval process and be granted similar power, making a duopoly. That doesn't change the fact that it is a monopoly right now and definitely not a free market. Seems like someone has a case of confirmation bias.