Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Mase
Competition is alive and well in pharmaceuticals so the conspiracy to protect their monopoly isn't working out too well. Just look at drug company PE's and you'll find out the sad story. The belief that they make obscene profits cannot be substantiated by their financials.

Socialists use the term 'monopoly' to describe any situation of high profits or simply being the largest company in a given field, like Wal-Mart. Actually, neither of these factors has anything to do with being a real monopoly. A monopoly exists when there is some physical or legal reason why it is not possible to compete with the monopolist.

Pharma companies have created a monopoly by getting laws passed preventing consumers from shopping around in other countries for good deals on drugs. You can buy apples from Chile in any supermarket, but you can't legally send away to Switzerland to get your prescriptions filled on their open market. THAT is what makes pharma a monopoly.

61 posted on 06/22/2006 9:17:07 PM PDT by BlazingArizona
[ Post Reply | Private Reply | To 60 | View Replies ]


To: BlazingArizona
Pharma companies have created a monopoly by getting laws passed preventing consumers from shopping around in other countries for good deals on drugs.

You and I define monopoly very differently. As a matter of fact, I think you'd be hard pressed to find many others who define the term in the same manner you do. Good deals are available in other countries simply because the drug companies are forced to sell their products in those countries under strict price controls. This creates a false economy - not an open market as you suggest - and is in no way akin to buying apples from Chile in any supermarket.

In almost all of the agreements that these parasitic countries sign with the drug companies, they agree not to resell the drugs to other countries. This portion of the agreement is never enforced so it is very understandable why the drug makers are upset and lobby congress for assistance. The bad guys here are the nanny states who get to enjoy the many benefits the pharmaceutical companies provide while demanding that others pay for it. How you can misconstrue this situation into somehow creating a monopoly for the drug makers is a mystery.

67 posted on 06/23/2006 1:38:53 PM PDT by Mase
[ Post Reply | Private Reply | To 61 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson