4 ms·

Pressed pills in a sealed blister pack coming from a large pharma company in India is hardly "just like" the black market. All these companies are doing is taki

Pressed pills in a sealed blister pack coming from a large pharma company in India is hardly "just like" the black market. All these companies are doing is taking advantage of geographic arbitrage and loopholes in different countries' laws to move stuff around. They're not making this stuff from scratch.

autoexec 7y ago
I love how often we hear companies are expected to hire slave labor in developing countries and we should all accept this race to the bottom will impact our own wages and benefits all because of the fact that we live in a global market, but the minute you want to buy drugs from other countries or even just play a DVD made for sale in another country it's illegal and immoral.
- justincormack 7y ago
  The price difference is not wage difference, India does not enforce patents in many cases, also things are sold cheaper in countries without US health monopoly pricing.
  - 55555 7y ago
    S/He wasnt really claiming that but yeah.
  - therealx 7y ago
    The patent thing is the real difference. With the amount of citizens India has, it's the perfect storm. Any company can make anything (but the output is monitored), and the amount of people and their low salary make most drugs fairly cheap.
- m0nty 7y ago
  Or alternatively: that most of us happily accept the lower costs of goods and services from developing countries, but some people get upset that this drags our earnings down because of the competition from their workforces.
  - autoexec 7y ago
    the problem is that is doesn't lower the cost of goods and services. If we were all paying the same prices they pay in developing countries for drugs maybe you could argue that it's fair when we accept their wages and working conditions. Instead companies use sweatshops and slave cheap labor to boost their own profits while charging us a premium and expect us to compete with those workers while refusing to compete with the prices offered in the "global economy". If they want to pay workers at the lowest prices on Earth every American should only be paying the lowest prices for products and services found on Earth. That means that the drug that costs $1,000 in the US should only cost us $4. The movie ticket for $13.69 today shouldn't cost us more than $3.51.

autoexec 7y ago

I love how often we hear companies are expected to hire slave labor in developing countries and we should all accept this race to the bottom will impact our own wages and benefits all because of the fact that we live in a global market, but the minute you want to buy drugs from other countries or even just play a DVD made for sale in another country it's illegal and immoral.

justincormack 7y ago
The price difference is not wage difference, India does not enforce patents in many cases, also things are sold cheaper in countries without US health monopoly pricing.
- 55555 7y ago
  S/He wasnt really claiming that but yeah.
- therealx 7y ago
  The patent thing is the real difference. With the amount of citizens India has, it's the perfect storm. Any company can make anything (but the output is monitored), and the amount of people and their low salary make most drugs fairly cheap.
m0nty 7y ago
Or alternatively: that most of us happily accept the lower costs of goods and services from developing countries, but some people get upset that this drags our earnings down because of the competition from their workforces.
- autoexec 7y ago
  the problem is that is doesn't lower the cost of goods and services. If we were all paying the same prices they pay in developing countries for drugs maybe you could argue that it's fair when we accept their wages and working conditions. Instead companies use sweatshops and slave cheap labor to boost their own profits while charging us a premium and expect us to compete with those workers while refusing to compete with the prices offered in the "global economy". If they want to pay workers at the lowest prices on Earth every American should only be paying the lowest prices for products and services found on Earth. That means that the drug that costs $1,000 in the US should only cost us $4. The movie ticket for $13.69 today shouldn't cost us more than $3.51.