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Actually, its very easy. Government makes a list of life saving drugs. Then sets a maximum price on the drugs in the list. If a monopoly refuses to comply, the
by virtuabhi 10y ago
Actually, its very easy. Government makes a list of life saving drugs. Then sets a maximum price on the drugs in the list. If a monopoly refuses to comply, the government calls for yearly bids from companies around the world (including generic drug makers from India). These companies fill the supply gap and in the meantime capitalism works and a local company steps in. There is no rocket science in manufacturing these drugs and pens - trivial once you have the recipe.
And countries, which put people before corporations, actually do this.
- nickff 10y agoSetting a maximum price does not allow the government to take the patent away. The companies could simply refuse to comply, and the government would either effectively ban the drug or be forced to buy the patent/license at a fair market price.
- douche 10y agoAll they have to do is write the law that says they can.
- nickff 10y agoThere is a Supreme Court decision that says confiscation of a patent is a constitutional taking, so they would actually have to change the constitution.
- danielweber 10y agoCurse the law of law!!
- 1024core 10y agoThe government has more than enough in its arsenal to force these companies to comply. cf Joseph Nacchio and QWest Communications. It knows how to play dirty and kneecap someone.