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"Picking the winner" would imply the state forcing market participants to buy the state's insulin. As long as they're not forcing people to buy their insulin t
by mpyne 4y ago
"Picking the winner" would imply the state forcing market participants to buy the state's insulin.
As long as they're not forcing people to buy their insulin then what they're doing is more akin to setting a price floor (assuming they are selling at cost rather than subsidizing a loss).
But hey if it's going to be a boondoggle then the private sector should have nothing to fear from competition here, right?
- shapefrog 4y agoActually what they are doing is pure capitalism. There is a product that can be made for $1 that is being sold for $100. They are going to make it and sell it for $2 and you can chose to buy it from their "startup" calinsulin inc for $2 or pay megacorp inc $100 for their one. Shockingly megacrop inc. are crying that it is socialism to make only $1 and that noble capitalists like them are doing it right and making $99.