3 ms·
This is a textbook example of why some economic activities cannot be based on a profit motive. There should be an international drug research agency, to which
by fizixer 12y ago
This is a textbook example of why some economic activities cannot be based on a profit motive.
There should be an international drug research agency, to which every country should contribute, and that agency should be responsible for exploring cures for diseases, by funding academics, labs, etc.
- pradn 12y agoHere's an argument in the Jacobin that argues for nationalizing pharmaceuticals: https://www.jacobinmag.com/2013/06/socialize-big-pharma/ https://www.jacobinmag.com/2013/06/socialize-big-pharma/
- rasz_pl 12y agoThere are national labs. Canadian one sold Ebola vaccine license for $200K to some no name US lab, that same lab turned around and resold it to Merck for $50mil. Merck bought it only because it is standing to make few billion off of it.