Quote:
Originally Posted by manaboutown
Without capitalism the life saving shot would not exist as no one would have been motivated to invent it. It would not be available to anyone at any cost no matter their dire need. The low cost shot through lengthly and costly experimentation and development came into existence because of competition for financial rewards within a capitalistic society. In our exceedingly benevolent society such shots usually are readily available literally free to anyone wanting it, even illegal aliens, welfare recipients of every stripe and convicted criminals in prisons. Moreover, the shots likely will be provided free of cost to poor countries, all due to the success of our capitalistic society.
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Uh, nope actually totally wrong, almost. That would have been true 50 years ago. Today it is no longer true. It is just a form of American Exceptionalism. Today drugs, treatments and therapies are developed around the world.
And the the shot in question. It had already paid off its R&D costs a long time before it was sold to a predatory capitalist. Both the company Pfizer and the person that bought, Maylan, it were chargd with gouging and ended up paying over $600 million dollar in damages.
So much for the poor little company just trying to recoup all their costs..