Comment by turtledove
3 years ago
Ah yes, a society with low cost medicines and a healthy research investment - definitely a recipe for low wealth and health. /s
3 years ago
Ah yes, a society with low cost medicines and a healthy research investment - definitely a recipe for low wealth and health. /s
I also dream of utopia but when I wake up I have to supply the logic that fills in the gaps else it remains a dream.
If you remove the profit motive then investment falls, new medicines become less likely and lesser in number, and medicines remain higher in cost due to lack of pressure (competition from new drugs, competition from new entrants, new techniques etc).
Altruism, necessary as it is, does not fill that void alone, and it certainly won't be filled by hoping government makes everything "free".
> If you remove the profit motive then investment falls
The last 200 years proven otherwise. All basic research around airplanes, semiconductors, satellites, GPS, GSM, fiber optics, CD/DVD and much much more was almost entirely tax funded.