Comment by Gabrys1
3 months ago
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
3 months ago
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.
Now, that's all just regulations. What are regulations but laws that restrict/govern the way to do commerce? Anti-slavery is part of that, just like every other concession we've had to pry from the hands of capitalists over the last 100 years, like no child labor, no locking workers into factories, PPE, etc...
1 reply →