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You're right, of course, and those are good counterexamples. In fact, one of the stocks I helped cover collapsed overnight when fraud was uncovered. But I see

You're right, of course, and those are good counterexamples. In fact, one of the stocks I helped cover collapsed overnight when fraud was uncovered. But I see them as outliers who have been largely penalized (jail time, stock collapse, etc), not as indicative of the industry. The reason there was such a backlash is because the vast majority of the industry are good people, and these sorts of behaviors are shocking. I guess I meant literally everyone I've ever known personally has been like that. When you look at the news, yeah, you do see scandals. But I maintain that the idea that the industry would collude to not make cures is wrong. And similarly with doctors and their treatment of patients, which I've also seen argued.

justin66 8y ago
> But I maintain that the idea that the industry would collude to not make cures is wrong. Why would you need to collude to make a decision like that? Everyone in that industry makes the same sort of analysis, I imagine. "How many doses of this will we sell, how much will they cost to make, and how much will we be able to charge for them?" If the equation indicates you'll lose money, exactly why wouldn't you just move on, assuming you're a for-profit business? You can always lobby for government or philanthropy or something to pay for the drug, but how many instances are there of a company just saying we're gonna lose at least a billion on this thing but it will be great and help a lot of people? (it's an honest question - maybe you've got an example that will make everybody a little happier)