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I 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 m
by bduerst 11y ago
I 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.