Nationalization will only destroy the system that produces life-saving medicines. We have seen it over and over again with other industries in other countries.

Nationalization will only destroy the system that produces life-saving medicines. We have seen it over and over again with other industries in other countries. Priorities change for capitalized companies and eventually, the golden eggs that are the medicines will stop. The problem is that these companies have the wrong incentives and are producing products where they think they can get the best profits. This is where government policies will help. Governments need to give tax credits for drugs that are needed and support the development of low-cost alternatives to expensive life-saving drugs. The Orphan Drug Act of 1983 has been responsible for the development of many drugs that would never have been developed without a few government incentives. We should learn from that and apply it to other drugs. We bitch about farmers getting lots of help from the government but the result is that we get basic foods at a very affordable price. We can learn from those policies and apply them to pharma. The capitalist system works. But governments need to change policies to tweak the system so that companies develop what we need at an affordable price.