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I am far from convinced that the price of drugs in the US means that the US subsidises the rest of the world or that they would be fewer drugs if they didn't. T
by mytailorisrich 3y ago
I am far from convinced that the price of drugs in the US means that the US subsidises the rest of the world or that they would be fewer drugs if they didn't. The market overall would still be huge. For instance the pharmaceuticals market in the Europe only is forecast to reach $250 billion in 2028, that's a big cake in itself [1] even if the American 'cake' is currently much bigger.
The only thing that seems clear is that Amricans are cash cows in that area.
Certainly, though, the US are not subsidising defense in Europe and East Asia. What they are doing is to prevent rivals and to ensure those countries remain dependent on them. So this is obviously done in the interests of the US.
[1] https://www.statista.com/outlook/hmo/pharmaceuticals/europe https://www.statista.com/outlook/hmo/pharmaceuticals/europe
- chiefalchemist 3y agoThe US DoD budget is at or in excess of three-quarters of a trillion dollars. It is more than the next 10-ish countries combined; most of those - but two? - are allies. Maybe it's not subsidies in your sense of the word, fair enough. But the American people are footing that bill one way or another, and there are others who are profiting from that.
- mytailorisrich 3y agoAs per my previous comment, this is to benefit the US. This buys them control over most of the Western governments. Sure, they are 'allies' but the relationship is not one of equals and they have to walk the line.
- chiefalchemist 3y agore: this is to benefit the US. Not really. It's to benefit a handful of players that participate in the USA's version of Crony Capitalism. That's not to be confused with the US voters / citizens at large. Sure, make broad statements, but please be specific where and when it counts.