4 ms·
Price gouging may be perfectly legal in the drug price context, but it gives cause to re-examine a whole range of implicit assumptions re: how capitalism is all
by digikata 11y ago
Price gouging may be perfectly legal in the drug price context, but it gives cause to re-examine a whole range of implicit assumptions re: how capitalism is allowed (encouraged?) to operate vs how well it delivers benefits to society.
- slantedview 11y agoAgree with your point, though patent protection for drugs is a government provided benefit and has little to do with capitalism. The government (us) provides this benefit and we (the people) usually don't get enough in return.
- lbradstreet 11y agoMost of the drugs he was gouging for were already out of patent, but they were low volume and it takes a while to bring a generic to market. During this time, he makes a lot of money. This is more of a market failure.