Hey mateys!
I made a post at /c/libertarianism about the abolition of IP. Maybe some of you will find it interesting.
Please answer in the other community so that all the knowledge is in one place and easier to discover.
Hey mateys!
I made a post at /c/libertarianism about the abolition of IP. Maybe some of you will find it interesting.
Please answer in the other community so that all the knowledge is in one place and easier to discover.
Pharmaceuticals is about the worst example you could pick to make a point. It’s notorious for socializing the cost and privatizing the profit (not to mention the ethics of price gouging life saving medication treatments).
Here’s what Johnson&Johnson is doing right now with a TB drug whose development was paid largely with public funding:
The pharmaceutical companies would definitely not cut back on their profits, so at “best” they would either get public money to make it several times faster, or they would cut back on quality and safety (*lobbies have entered the chat); and in either case the final price would be higher.
There is plenty of room to get worse, even in the current favorable conditions they prioritize known cost-effective palliative treatments over research into expensive solutions that may lead to nothing.
If the entire health sector were public and concerned itself with saving lives instead of making money, it would be a different story, but that is where we get into major reforms.