4 ms·
This comes off as having been written in a bubble. What I hear is someone arguing for their own self interest while using the Middle Class to gin up support. Wh
by bpatrianakos 13y ago
This comes off as having been written in a bubble. What I hear is someone arguing for their own self interest while using the Middle Class to gin up support. Who wouldn't want to help the middle class? I'm sure the middle class could be helped by more IPOs and less regulation to get more of them but I'm also positive it'll help the wealthy even more.
How about this idea: lets start human trials of drugs earlier and require less regulations before medications are released so we can help fight disease in 3rd world countries... And boost my Pfizer stock.
- adventured 13y agoPfizer benefits massively from a highly regulated, FDA controlled market, in which only the big players can bribe their way through challenging approvals, and only big players can afford the massive cost of creating new drugs + bringing them to market fully. Companies like Pfizer would be more likely to get toppled in a free market, than not. As it is, their position is guaranteed by the FDA. They're a government protected company, similar to Verizon or Boeing or Exxon. They roll in the profits, and all they have to do is buy up smaller players that can't hang around long enough to get approvals. The only threat to Pfizer right now is massive European pharmas. Pfizer loves the system exactly the way it is.
- bpatrianakos 13y agoOkay, it's obvious I don't know much about how pharma companies work but that's not the point. Let me put it another way: Lets do something that greatly benefits me, marginally benefits you, and wrap it up in good will and fuzzy feelings so you'll buy it.