Gregory's Server@cshentrup @krenaud @rbreich I donโt understand your point.
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4 comments
@ekennedy80 @rbreich @cshentrup big pharma makes lots of profits in other countries with much lower prices. Why should oligopolies be unregulated when they obviously abuse their position? The US prices are $82/vial and $159 for 5 KwikPens. @ekennedy80 @rbreich @cshentrup the antiemetic medication I take before cancer treatment is $48/pill. In the US it costs over $700 per pill. @cshentrup @ekennedy80 @krenaud @rbreich Thatโs just bonkers. No we donโt have to break up Moderna, that would mean fewer drugs we can however regulate the ,market effectively |
@ekennedy80 @krenaud @rbreich if people have a hard time affording the necessities of life, give them MONEY. don't make things artificially cheap, as that creates deadweight loss. this is all well established econ.
https://medium.com/effective-economics/the-problem-with-price-controls-14b4ee116bf7
if there's a *market failure*, e.g. a monopoly, then by all means fix that by breaking it up. but don't *create* a market failure by distorting the equilibrium price of goods or services.