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It pays for the cost of researching this drug (and all the other drugs which failed before making it to market) and it creates an incentive to produce more drug
by Houshalter 13y ago
It pays for the cost of researching this drug (and all the other drugs which failed before making it to market) and it creates an incentive to produce more drugs like this in the future.
You don't want drugs to cost so much? Encourage the government(s) to fund or subsidize research. Maybe even lower barriers to entry to getting drugs approved. But no one is forcing you to buy the drug and the patent will eventually expire.
- revelation 13y agoI want to end this charade of free market and capitalism. It's obviously not capitalism or a free market if a company can maximize their prices to fit each countries GDP and not be instantly killed by arbritrators. It's not a good fit, which is presumably why even the current market doesn't resemble a free market at all, but the illusion is unnecessarily costing a lot of money and wasted productivity.
- Houshalter 13y agoHow is that not a free market, let alone capitalism? That's how club goods work. The cost per individual is low, but the total cost is high. In those cases it makes sense to have different prices for different regions, or even different individuals. A poor person in Egypt can't afford $1,000 a day. But if they charged everyone the Egypt price, they wouldn't make enough money to even cover the cost of researching it. Besides that's not an argument for why it's bad. Your just saying you don't like it because it doesn't look like what you think a free market looks like.