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Patents are the problem, not the market. Patents are government protectionism. They are a government imposed monopoly — a government imposed cap on supply. In
by alexmingoia 7y ago
Patents are the problem, not the market. Patents are government protectionism. They are a government imposed monopoly — a government imposed cap on supply.
In a free society and a free market, anyone with the knowledge and means to produce insulins would be free to do that.
The high prices are a direct result of the government preventing competition through patent law. Without patents, the price would tend to fall as companies compete on price, more efficient manufacturing, distribution, etc.