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Capitalism at its worst!

I

IndependentinWis

Mayor
http://www.nytimes.com/2015/09/21/b...se-in-a-drugs-price-raises-protests.html?_r=0

He says he is going to use the additional money for R&D. Wouldn't want to bet on it. Is raising the price of a pill from $13.50 to $750.00 okay with you, or is it capitalism at its worst. I vote for capitalism at its worst. I think it is time for the government to look into the pricing practices of drug companies. We give them a monopoly for 17 years, and with the manipulation that these companies do, it can practically be forever. Maybe, we should take a look at their pricing practices if they want to keep their monopolies.
 
Your confusing capitalism with crony state sponsored capitalism (aka Facism).

Big Pharma is already a govt protected monopoly. Don't believe me? Try starting your own drug company and see how long you last.
 
[QUOTE="IndependentinWis, post: 1422124, member: 8045"

He says he is going to use the additional money for R&D. [/QUOTE]

I solved this problem years ago. But nobody listened.

When I was in the aerospace industry years ago managing Research Development Studies and Proposals, I pitched a similar approach for Pharma.

You see the way it was done in defense contracting was that the government would fund the RDS&P work and own the results. They paid a small 6-7% profit on the expenses but whatever came out successfully was the government's property to license for use, or provide contractually to produce.

With Pharma the company itself pays for the research and development and they are granted a patent for some number of years to recoup the development expense. They have a monopoly in other words.

Now imagine that the government owned those patents and licensed them globally...revenue galore and cheaper consumer prices through competition.

Too simple I guess.
 
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IndependentinWis said:
http://www.nytimes.com/2015/09/21/b...se-in-a-drugs-price-raises-protests.html?_r=0

He says he is going to use the additional money for R&D. Wouldn't want to bet on it. Is raising the price of a pill from $13.50 to $750.00 okay with you, or is it capitalism at its worst. I vote for capitalism at its worst. I think it is time for the government to look into the pricing practices of drug companies. We give them a monopoly for 17 years, and with the manipulation that these companies do, it can practically be forever. Maybe, we should take a look at their pricing practices if they want to keep their monopolies.
Click to expand...
Cash Cows for Corporate Cowboys. Science Is for Suckers.

The hidden worst thing about this is that these Low-IQ business owners don't create anything they claim ownership of. These King Ape parasites, like Steve Jobs, demand to be worshipped for what High IQ wimpy nerdy pushovers created themselves and let their intimidating Masters get rich on.
 
any possibility that insanely complex and difficult FDA drug rules (development, testing, approval, manufacture, distribution) are a factor the high prices and low competition in the pharmaceutical industry?
 
The cost to develop and bring a new drug to market can run in the billions.

How are these monies to be recouped?
 
IndependentinWis said:
http://www.nytimes.com/2015/09/21/b...se-in-a-drugs-price-raises-protests.html?_r=0

He says he is going to use the additional money for R&D. Wouldn't want to bet on it. Is raising the price of a pill from $13.50 to $750.00 okay with you, or is it capitalism at its worst. I vote for capitalism at its worst. I think it is time for the government to look into the pricing practices of drug companies. We give them a monopoly for 17 years, and with the manipulation that these companies do, it can practically be forever. Maybe, we should take a look at their pricing practices if they want to keep their monopolies.
Click to expand...


What an excellent way to stifle innovation and further push jobs ( and tax revenue) out of this country.

It takes at least millions if not billions of dollars to get a new drug to market. These companies bank on making millions of dollars on their other drugs, in order to finance the work they do on emerging drugs. Do you know how hard it is, even if you are dying -to get into a clinical trial of anything? Do you know that you can't say - despite the fact that otherwise your death is imminent - PLEASE give me something experimental. I'll try anything? Do you ever consider that the process to get a drug to market, basically ensures that big pharma has a lock on the process?

I don't agree with the exorbitant price tag they put on that. But, they have agreed to lower the price now as a result of the backlash. But, I will never understand the sense of entitlement one feels when they complain that something a person created with great personal risk to his own fortune and ours of blood sweat and tears of him and others on the project.. should somehow be simply made available to them because they "need" it. What gall, to be quite honest - to ever thing your claim of needing something over=rides someones' ownership of that thing that you "need".

Furthermore, perhaps this should be the wake-up call millions of americans need - to actually make changes in their diet and lifestyle so they can eliminate the need for big pharma from their lives as much as possible. Not really the case with this particular drug... because it is made to treat an infection not necessarily a chronic illness brought on and exacerbated by poor health decisions.
 
/
connieb said:
What an excellent way to stifle innovation and further push jobs ( and tax revenue) out of this country.

It takes at least millions if not billions of dollars to get a new drug to market. These companies bank on making millions of dollars on their other drugs, in order to finance the work they do on emerging drugs. Do you know how hard it is, even if you are dying -to get into a clinical trial of anything? Do you know that you can't say - despite the fact that otherwise your death is imminent - PLEASE give me something experimental. I'll try anything? Do you ever consider that the process to get a drug to market, basically ensures that big pharma has a lock on the process?

I don't agree with the exorbitant price tag they put on that. But, they have agreed to lower the price now as a result of the backlash. But, I will never understand the sense of entitlement one feels when they complain that something a person created with great personal risk to his own fortune and ours of blood sweat and tears of him and others on the project.. should somehow be simply made available to them because they "need" it. What gall, to be quite honest - to ever thing your claim of needing something over=rides someones' ownership of that thing that you "need".

Furthermore, perhaps this should be the wake-up call millions of americans need - to actually make changes in their diet and lifestyle so they can eliminate the need for big pharma from their lives as much as possible. Not really the case with this particular drug... because it is made to treat an infection not necessarily a chronic illness brought on and exacerbated by poor health decisions.
Click to expand...


no better way to screw pharma than to not need their drugs.

:)
 
connieb said:
What an excellent way to stifle innovation and further push jobs ( and tax revenue) out of this country.

It takes at least millions if not billions of dollars to get a new drug to market. These companies bank on making millions of dollars on their other drugs, in order to finance the work they do on emerging drugs. Do you know how hard it is, even if you are dying -to get into a clinical trial of anything? Do you know that you can't say - despite the fact that otherwise your death is imminent - PLEASE give me something experimental. I'll try anything? Do you ever consider that the process to get a drug to market, basically ensures that big pharma has a lock on the process?

I don't agree with the exorbitant price tag they put on that. But, they have agreed to lower the price now as a result of the backlash. But, I will never understand the sense of entitlement one feels when they complain that something a person created with great personal risk to his own fortune and ours of blood sweat and tears of him and others on the project.. should somehow be simply made available to them because they "need" it. What gall, to be quite honest - to ever thing your claim of needing something over=rides someones' ownership of that thing that you "need".

Furthermore, perhaps this should be the wake-up call millions of americans need - to actually make changes in their diet and lifestyle so they can eliminate the need for big pharma from their lives as much as possible. Not really the case with this particular drug... because it is made to treat an infection not necessarily a chronic illness brought on and exacerbated by poor health decisions.
Click to expand...


And, futher - furthermore.. as in this case with this drug - it was up for sale. The patents and the rights were up for sale. Is anyone stopping the Gov't or a psuedo Gov't agency from buying it? Stopping HIV research groups from buying it? Stopping cancer research groups from buying it? Any advocacy groups - no. Anyone who felt the need to make sure this kind of drug would be continually avaiable to those in need at low cost - COULD have purchased the rights to it. Why should we complain, when they would not step up to do so? As if we are somehow entitled to it -without making the sacrifices.

I am not a big Kaiser fan, but I hear their adds all the time. You know what they say is the best medicine.... PREVENTION. Do you now how many people would not be slaves to big pharma, if they practiced an ounce of good preventative medicine?

connie
 
PhilFish said:
/



no better way to screw pharma than to not need their drugs.

:)
Click to expand...


Most americans have bought lock stock and barrel, big pharma's message of better living through chemistry. And, while certainly it is wonderful to have drugs that treat simple illnesses people were otherwise dying from.... I do have my doubts that overall our lives have been enhanced by much of what they peddle. When you can turn on the TV - and be assaulted by adds about getting back your sex life or basically how you can still continue to be fat and eat what you want and not have to worry about "managing"your type II diabetes..... you have to wonder.. what if - we stopped being so shallow, what if we actually made sure we were in better health?
 
Your first mistake was thinking this is an example of "capitalism." There is no free market in the production and selling of pharmaceutical drugs.
 
IndependentinWis said:
http://www.nytimes.com/2015/09/21/b...se-in-a-drugs-price-raises-protests.html?_r=0

He says he is going to use the additional money for R&D. Wouldn't want to bet on it. Is raising the price of a pill from $13.50 to $750.00 okay with you, or is it capitalism at its worst. I vote for capitalism at its worst. I think it is time for the government to look into the pricing practices of drug companies. We give them a monopoly for 17 years, and with the manipulation that these companies do, it can practically be forever. Maybe, we should take a look at their pricing practices if they want to keep their monopolies.
Click to expand...

I don't know.... what are the costs they have incurred, are incurring or are reasonably likely to incur as a result of selling this drug? Obviously you have access to that information to make the judgment you made. Can you share it with the rest of us?
 
PhilFish said:
The cost to develop and bring a new drug to market can run in the billions.

How are these monies to be recouped?
Click to expand...
Slaveboy Nerds' Failures Are Like Big Oil's Unnecessary Dry Holes

The high cost is because of the poor quality of Big Pharma's flunky scientists and their many failures. It should not be attributed solely to the cost of the few successful experiments you get from such low-talent patsies. If you don't pay someone a salary in college, you get what you pay for.
 
connieb said:
Most americans have bought lock stock and barrel, big pharma's message of better living through chemistry. And, while certainly it is wonderful to have drugs that treat simple illnesses people were otherwise dying from.... I do have my doubts that overall our lives have been enhanced by much of what they peddle. When you can turn on the TV - and be assaulted by adds about getting back your sex life or basically how you can still continue to be fat and eat what you want and not have to worry about "managing"your type II diabetes..... you have to wonder.. what if - we stopped being so shallow, what if we actually made sure we were in better health?
Click to expand...
An Unevolved Species Owns Our Work

You're blaming the victims and being Puritanical.

Here's a far more important victim of Big Pharma corporate parasites: Nobel Prize winner Kary Mullis got a $30,000 bonus for creating the polymerase chain reaction and didn't get a dime of the $300,000,000 the subhuman business bullies got when they sold the patent. The inventor of Valium and the inventor of television got the same kind of deal, all legal. But the Rule of Law Is the Law of the Rulers.

All his life, from childhood on, Mullis had been manipulated into becoming such a patsy by a humiliating educational system we have been blocked from ever radically questioning. He deserves getting raped by the King Ape plutocrats because now that he has the prestige to start a union of chemists and force the Low-IQ MBAs and idle investors to give the real motors of the economy 50% of the patents, he lectures on trivial issues instead.
 
The Sage of Main Street said:
An Unevolved Species Owns Our Work

You're blaming the victims and being Puritanical.

Here's a far more important victim of Big Pharma corporate parasites: Nobel Prize winner Kary Mullis got a $30,000 bonus for creating the polymerase chain reaction and didn't get a dime of the $300,000,000 the subhuman business bullies got when they sold the patent. The inventor of Valium and the inventor of television got the same kind of deal, all legal. But the Rule of Law Is the Law of the Rulers.

All his life, from childhood on, Mullis had been manipulated into becoming such a patsy by a humiliating educational system we have been blocked from ever radically questioning. He deserves getting raped by the King Ape plutocrats because now that he has the prestige to start a union of chemists and force the Low-IQ MBAs and idle investors to give the real motors of the economy 50% of the patents, he lectures on trivial issues instead.
Click to expand...


I beleive everyone is resonsible for bettering themselves and educating themselves. To act like they can't - is a cop out. They won't. They don't care enough about themselves to find out information they need - then why should I feel sorry for them when they end up not being informed etc. I don't. Your version is one of perpetual victimhood. Mine is of empowerment.
 
connieb said:
I believe everyone is responsible for bettering themselves and educating themselves. To act like they can't - is a cop out. They don't care enough about themselves to find out information they need - then why should I feel sorry for them when they end up not being informed etc. I don't. Your version is one Mine is of empowerment.
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College Means Working Without Pay and Living Like a Teenager Because You're Afraid to Grow Up. It Is Not About Education.

Empowerment of Daddy-enabled Preppies and no-talent bootlickers. College is the unfunded mandate (I love using Right Wing terms against them). A rich boy is a welfare queen freeloading off the money his Daddy stole by intimidating his employees. Let the upper-class clique whine about being victims when we disempower them.

I dare their Daddies to tell them what they so hypocritically preach to us, "Work your way through college, son. If you can't stand living like that, join the Army."
 
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