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Why would a cure for cancer be a small return on investment? You're assuming that the only people who could enter the market and find a cure would be the curren
by bko 11y ago
Why would a cure for cancer be a small return on investment? You're assuming that the only people who could enter the market and find a cure would be the current players who are profiting from the current treatment or some global conspiracy to keep the cure hidden. If someone were to discover a very effective treatment, they would surely profit nicely. Hepatitis C was recently cured, a brutal disease that affected some of the most marginal people in society [0]. And it was done thanks to a profit motive. Barring extreme price controls on drugs by politicians, this type of progress can be greatly encouraged by the profit motive.
[0] http://www.scientificamerican.com/article/we-now-have-the-cure-for-hepatitis-c-but-can-we-afford-it/ http://www.scientificamerican.com/article/we-now-have-the-cu...
[edit] I would also like to add, the non-profit approach [IMO] has failed to produce anything but the abundance of the color pink and self congratulatory galas for wealthy donors. Perhaps the profit motive and choice that has served society so well in practically all aspects of our lives can be equally leveraged on solving hard problems like disease.
- merpnderp 11y agoWhenever I think of profit motives being a good thing I'm reminded of the Steve Job biography where it speaks of his time at a commune. He would sleep under the kitchen table and watch people sneak in at night to take food from the fridge which was supposed to be shared. People want as much as they can get for their work, and not a single apple less.
- zardo 11y ago>If someone were to discover a very effective treatment, they would surely profit nicely. That would depend on how much it cost them to develop the treatment, and how much money the patients can pay. It's not sure that it would be profitable.