Comment by tumdum_
3 months ago
Oh yeah, because in the absence of regulation, the insulin producer would sell it at negligible margins, sure!
As for the socks - my city has like ~5 locations where old textiles can be recycled, the closest one in slightly less than 1km from where I live. I see no problem with going there twice a year :)
With lack of regulations, the theory is, there will be many competing manufacturers of insulin, dropping the cost down. Probably not as simple as that, but that's the idea at least
> there will be many competing manufacturers of insulin
So... You are assuming market regulations still exist? Because without those, no, bio-chemical industry is absolutely one that consolidates quickly.
Absolutely. With no regulations I could produce/sell it for super cheap. Because I would be cutting it with tap water, and using forced labor
Preventing forced labor is a feature of normal contract law and property rights, and has little to do with regulations.
2 replies →
Yes, insulin producers would! It is illegal to compete, and insulin producers enjoy a legally backed monopoly. Yes, removing the regulations which support that monopoly will reduce prices. Any other option merely exists to support and uphold the special privileges that the current regulatory regjme grants to insulin producers.
I am not going to collect old clothes (used as rags and ready to be thrown out) for months. For start, my flat is not large enough for that.
I just throw them away with rubbish and get less supportive of people and institutions that created this law.
Please just stop being antisocial.
If that were the case, there would be no HackerNews.
Why don't the regulators stop being antisocial?