3 ms·

Without temporary monopolies granted by patents, those prescription medications wouldn’t exist in the first place.

• DennisP 2mo ago
  Unless we came up with a different funding mechanism. Joseph Stiglitz for example has advocated a prize system for pharmaceuticals, though he doesn't suggest replacing the patent system entirely. https://www.project-syndicate.org/commentary/prizes--not-patents https://www.project-syndicate.org/commentary/prizes--not-pat...
• Geezus_42 2mo ago
  Salk didn't need that temporary monopoly to invent the polio vaccine, which has gone on to be one of the biggest success stories of vaccines and modern medicine general.
• ncallaway 2mo ago
  Okay? Does that disagree with anything I wrote? My point was to whether it was artificial not whether it was bad. We can have artificial interventions in markets, and that can be a net benefit and a good thing. I’m not sure why everyone is responding as if “artificial” and “bad” are the same thing
• wredcoll 2mo ago
  What percentage of research is performed outside of the companies? (by college/government)