3 ms·
Your tone is really weird. No conspiracy is required in the case of a single company setting prices on its patented medical discoveries. Since you're so criti
by logicallee 7y ago
Your tone is really weird. No conspiracy is required in the case of a single company setting prices on its patented medical discoveries.
Since you're so critical of conspiracies, though, I'd (genuinely) love your take on something that does require a conspiracy:
https://www.nytimes.com/2019/01/18/opinion/cost-insurance-diabetes-insulin.html https://www.nytimes.com/2019/01/18/opinion/cost-insurance-di...
(For me the Google amp link brought up the full article.
https://www.google.com/amp/s/www.nytimes.com/2019/01/18/opinion/cost-insurance-diabetes-insulin.amp.html https://www.google.com/amp/s/www.nytimes.com/2019/01/18/opin...
).
Without a conspiracy, what keeps any drug company from selling cheap generic insulin in the United States?
The reason I ask is that I really don't think so many companies can cooperate on price-fixing so I am looking for any other alternative explanation besides an illegal price-fixing conspiracy which I think would be very difficult to pull off among so many players and laws making it illegal.
But the comment you replied to isn't like that and doesn't require a conspiracy.
- cameldrv 7y agoYou might be surprised: https://en.m.wikipedia.org/wiki/Lysine_price-fixing_conspiracy https://en.m.wikipedia.org/wiki/Lysine_price-fixing_conspira... https://www.nytimes.com/2008/12/12/business/worldbusiness/12cartel.html https://www.nytimes.com/2008/12/12/business/worldbusiness/12... https://economics.yale.edu/sites/default/files/igamisugaya_170309_vitamincartels.pdf https://economics.yale.edu/sites/default/files/igamisugaya_1... That’s just a few, and just the ones they caught. It’s very hard to prosecute this case, and the incentive to collude is huge.
- logicallee 7y agoInteresting links! Thank you.