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I think capitalism has plenty of solutions for this. We can allocate government funding for research, pass new laws that create tax incentives, create prize fun

I think capitalism has plenty of solutions for this. We can allocate government funding for research, pass new laws that create tax incentives, create prize funds to incentivize development of specific drugs, or make advanced market commitments where institutions commit to buying a portion of a certain type of drug after it's produced. The underlying problem is the lack of political will and cooperation to implement these solutions.

UncleOxidant 3y ago
> I think capitalism has plenty of solutions for this. We can allocate government funding for research ... Market-driven capitalism without any government incentives (or disincentives) has no answer here. You just proposed something that's not market-driven capitalism. That the government should get involved in some way to fund and incentivize what it deems to be good for society in the long run. The market on it's own can't do this.
- fasterik 3y ago
  It's a straw man to define capitalism in such a way that anything involving a government doesn't count as capitalism. Unless they're radical anarcho-capitalists, most people would agree that you need some sort of stable society with laws and regulations for markets to function correctly.
  - heyoni 3y ago
    Nothing about your particular solution suggests it should be labeled capitalist, in fact, it would fit well under a number of radically different economic ideologies.
    - fasterik 3y ago
      If it involves private ownership, profit, and pricing through competitive markets, then it's capitalist. Everything I mentioned is already done under the current capitalist system. A few examples of non-capitalist solutions would be nationalization of drug production, enforced worker's collectives, and price controls. I don't think these are good alternatives, given their historical track record.
  - hatenberg 3y ago
    so basically Libertarians.

UncleOxidant 3y ago

> I think capitalism has plenty of solutions for this. We can allocate government funding for research ... Market-driven capitalism without any government incentives (or disincentives) has no answer here. You just proposed something that's not market-driven capitalism. That the government should get involved in some way to fund and incentivize what it deems to be good for society in the long run. The market on it's own can't do this.

fasterik 3y ago
It's a straw man to define capitalism in such a way that anything involving a government doesn't count as capitalism. Unless they're radical anarcho-capitalists, most people would agree that you need some sort of stable society with laws and regulations for markets to function correctly.
- heyoni 3y ago
  Nothing about your particular solution suggests it should be labeled capitalist, in fact, it would fit well under a number of radically different economic ideologies.
  - fasterik 3y ago
    If it involves private ownership, profit, and pricing through competitive markets, then it's capitalist. Everything I mentioned is already done under the current capitalist system. A few examples of non-capitalist solutions would be nationalization of drug production, enforced worker's collectives, and price controls. I don't think these are good alternatives, given their historical track record.
- hatenberg 3y ago
  so basically Libertarians.