Posted 8 months ago on March 21, 2019, 10:50 a.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
What are the limits to property rights of individuals or corporations?
I own a patent on a drug that will cure a virus that's projected to kill ten percent of the world's population. The drug costs 10 cents per dose to produce. One dose will cure an individual of the virus. May I charge $10,000 per dose, because I have an intellectual property monopoly, though hundreds of millions will die because they can't afford the drug?
No reasonable person would permit such evil. And there it is: we know there are limits to property rights. We can now begin the discussion of how exactly we will set them.
Keep in mind that big Pharma's claims about the cost of research fail to acknowledge government funding (taxes on workers and borrowed SS trust fund monies) directly or through contracts to them for the work. In the end they get the benefit and the patents we pay for. Their biggest real cost is advertising.
Then there's Pharma's choices of which drugs to push. The billions spent advertising boner pills is just one example of private enterprise waste and frivolous activity. Big Pharma is big fraud.