3 ms·
I disagree, I don't think markets are a panacea (pun not intended), but I feel they can do a pretty good job of identifying issues, even if they are the problem
by gimmeThaBeet 7y ago
I disagree, I don't think markets are a panacea (pun not intended), but I feel they can do a pretty good job of identifying issues, even if they are the problem per se.
When I read this, what I got out of it is that the governments aren't currently prepared to follow through on or properly fund these vaccine initiatives. Intuitively it sort of feels like an IT department problem, i.e. "why do we need you? everything's fine." I feel like a lot of things that aren't seen as a current concern, or are somewhat speculative in nature, have little chance of getting proper funding from the political realm.
I just think it's naive to assume taking profit factors away via nationalization or some other such coercion will magically solve everything. This stuff has a price, and if society isn't willing to take that price seriously, I don't really see justice in dumping all the blame on big bad pharma.