Newman's Own
kiwifarms.net
- Joined
- Apr 10, 2020
JSG talks about Martin Shkreli in his video. He talks like Shkreli was raising the price to keep the drug from people who need it. What he doesn't mention is that the drug was not widely available because at the current price it wasn't profitable. Shkreli bought up production and used existing FDA regulations to manipulate the market. The result being the drug being available again but insurance companies and public healthcare providers would have to pay big money for the drug.
Previously the drug was widely available cheap as an anti-malarial but is effective against Aids. Resistance built and it was no longer a feasable anti-malarial making it only efficacious for off label treatments like fighting AIDs but not at 13 bucks a pill. So no one had plans to sell it at all leaving AIDs patients with nothing until dirty Marty came along.
What JSG doesn't mention is that without Shkreli's play the drug simply isn't provided at all. Damn Shkreli for trying to make as much money as possible while providing life saving drugs no one else will.
He also doesn't mention that because the drug isn't patented any other pharmaceutical company looking to profit could easily gear up to provide the drug at lower prices which is exactly what happens in these situations.
I don't know if Shkreli's evil or not (having read up on him I think he's an epic troll) but I do know that without his actions no one would have access to the drug.
Previously the drug was widely available cheap as an anti-malarial but is effective against Aids. Resistance built and it was no longer a feasable anti-malarial making it only efficacious for off label treatments like fighting AIDs but not at 13 bucks a pill. So no one had plans to sell it at all leaving AIDs patients with nothing until dirty Marty came along.
What JSG doesn't mention is that without Shkreli's play the drug simply isn't provided at all. Damn Shkreli for trying to make as much money as possible while providing life saving drugs no one else will.
He also doesn't mention that because the drug isn't patented any other pharmaceutical company looking to profit could easily gear up to provide the drug at lower prices which is exactly what happens in these situations.
I don't know if Shkreli's evil or not (having read up on him I think he's an epic troll) but I do know that without his actions no one would have access to the drug.
I wouldn't either. I'd argue that expecting politicians beholden to monopolies to write good laws protecting us from them is naïve.I'd argue that the existence of bad laws does not invalidate the necessity of good laws
They can. They just don't. The system has a bug in it but the bug isn't capitalism. It's that politicians tend to act in their own self interest before the public good. That's why you have to ad the caveat "theoretically".Democratic republics can pass laws that are consistent instead of being at the whim of a magnate, and those laws are (at least theoretically) able to affected by the common man.
Because we both understand that it doesn't actually work that way.
I'm of the mind that government needs regulation far more than the market.I'm of the mind that the absence of any authority within a system leaves a vacuum to be filled in with something else, whether it be state, a corporate monopoly, a Chicom Presidium or a despotic tyrant.
Maybe it's the coming vaccine passports that make me think that.
Two monopolies trying to use government regs to destroy or enslave each other.As it stands, the biggest threat Google and Youtube ever faced in the United States was in the early 2010s when they went to war with the Big Telecommunication firms (a rival oligarchy) over the threat of abolishing "net neutrality", This was framed to the plebs as telecoms making internet users pay a toll bridge for accessing certain sites but in reality was preventing the telecoms from charging Youtube, Netflix and Google a toll to access internet users. President Obama personally campaigned for net neutrality, Google won the day, and Obama was rewarded with a 9 figure deal for a Netflix documentary once his terms ended.
Yeah. I'm against that. More regulation isn't the answer. It stifles innovation and makes rich men of people like Obama instead of entrepreneurs.
The notion of positive government involvement presupposes that the government can't be a bad actor and the pharmaceutical industry alone destroys this argument.
You mean like when cell phones replaced land lines. Thank God the government was their to innovate for us on ... no wait, if it was up to government we'd all still be on party lines.The United States government, along with governments around the world, have raised hundreds of billions in capital to build the broadband infrastructure that has all but become a public utility in modern day life. Holding out hope that the free market will conjure hundreds of billions of capital for a competing parallel network is far more idealistic than thinking that laws could be passed forcing large corporations to, in certain circumstances, act in the public interest. It'd be more realistic to think Liam could topple Frog for control of the CG ship.
And once again you presuppose that politicians would chose the public good over self interest when they can dress up any decisions made in self interest as for the public good. That does seem idealistic to me.


