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> First, that people invent for the joy of it regardless. Some things sure, but I don't see how this would work for drugs that cost tens of millions of dollars
by TulliusCicero 5y ago
> First, that people invent for the joy of it regardless.
Some things sure, but I don't see how this would work for drugs that cost tens of millions of dollars to develop and run through trials.
- alexvoda 5y agoFirst of all, plenty of drug research and patents are actually done in order to develop variants that avoid other patents. Patents in the drug industry are mostly a parasite producing more patents. Secondly, plenty of research is publicly funded. The major philosophical error people make when asking why would people create anything in the absence of IP laws is believing that just because they created/invented something, they are owed something in return. Plenty of times, IP gets created, but there is no one to sell licensees to because no one wants it. The major historical error is believing forgetting that people created and invented stuff just fine before IP laws existed.
- betwixthewires 5y agoWell, here's a thought. Maybe they cost so much because everyone has to start from scratch because they're not allowed to leverage existing tech and research because of patents.