3 ms·
If the market were free drugs would be commoditized, like aspirin. The reality is: * As a pharma company you can't compete because another player is holding t
by fivesigma 10y ago
If the market were free drugs would be commoditized, like aspirin.
The reality is:
* As a pharma company you can't compete because another player is holding the patent for decades
* Governments around the world will indirectly spend trillions by way of social insurance on your products, so prices will balloon because that money has to go somewhere
* The barrier to entry is so high thanks to regulation
This is a made-up situation of artificially low supply coupled by propped up demand.
How is this a free market exactly?