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That’s what nationalization means.

• s1artibartfast 7y ago
  >nationalize, verb, (of a government) to take control of a business or industry[1] Nationalizing a company or industry is very different than paying a company to do something on contract or hiring government employees to do the work. Nationalization usually involves the seizure of a business or forced buyout, and then making it illegal for competition to form. Pharmaceuticals don't want to make vaccines and aren't standing in the way. If the government really thinks that it can make vaccines cheaper, it should make a factory and hire workers. [1] https://dictionary.cambridge.org/dictionary/english/nationalize https://dictionary.cambridge.org/dictionary/english/national...
  • iron0013 7y ago
    the actual definition of nationalizing is even better than what I thought; they should do that!
    • s1artibartfast 7y ago
      Maybe they should nationalize tech. By most metrics it is far worse than the pharma industry. It has higher revenue, higher profits, and higher percent profits. Pharma has provided tremendous benefit to society, curing disease, subsets of cancer, blindness, improving countless lives. On the other hand, many argue that much of tech is detrimental to society, encouraging instant gratification at the cost of long term happiness. Apple's 2019 revenue was >260B USD. More than the top 5 pharma companies combined.
      • iron0013 7y ago
        Hey, you’re preaching to the choir. I’m in favor of nationalizing all industry.