4 ms·
This is a great example of why we can't just leave everything to private corporations (like it is in the American economic model). There is no financial incenti
by jason0597 5y ago
This is a great example of why we can't just leave everything to private corporations (like it is in the American economic model). There is no financial incentive for any C-Suite executive to invest and spend time on projects that will only bear fruits 10-15 years later. Meanwhile, public governments with public finances can invest in such projects.
- jteppinette 5y agoThis is not true. It typically takes 10 years to develop new prescription drugs and fully complete regulatory approval. Private companies are perfectly positioned to accomplish such tasks, because they are not beholden to re-election timelines or shifting voter demands. Also, the efficiency for such a project’s necessary capital allocation can be adequately determined in the private sector by a profit analysis.