4 ms·
Conversely, I'm not going to need to ration insulin in Argentina, Brazil, or India. Can't speak to the DPRK or Somalia as I haven't been. If capital was alloca
by drekk 3y ago
Conversely, I'm not going to need to ration insulin in Argentina, Brazil, or India. Can't speak to the DPRK or Somalia as I haven't been.
If capital was allocated democratically rather than at the whim of companies (that end up chasing taxpayer subsidies anyways... SpaceX, Tesla, etc.) you wouldn't need to strictly enforce patent law. The risk is already being assumed mostly by the government for truly bleeding edge research. What we have in practice is a system where the cost is socialized and the benefit is privatized.
- seanmcdirmid 3y agoThe whole insulin debacle is purely the USA’s fault. You don’t see similar problems in Europe even with strong IP protection.
- adrr 3y agoInsulin isn't covered by patent laws. You're free to take your capital and go start an insulin company and sell it at low prices.