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Medical Inventions require Capitalism

Oct 03, 2009 3:41 pm

re: re: Medical Inventions require Capitalism?

Thomas Holford

Kenneth Hilving sayeth:

"This removes profit (price minus cost) as the enabling aspect for the process to continue."

I agree.

Remove the profit and you remove the enabling aspect.

Thats why virtually all new pharmaceuticals are developed in the U.S. Countries like Canada and the U.K. are parasites on U.S. R&D spending.

That's why the government healthcare proponents keep saying us old coots don't need MRI's, or CAT scans, or heart surgeries, or genetically targeted drugs -- we just need to take a cheap pain pill. The government is not so greedy and crass as to want to make a "profit" from treating old people. After all, they care about us. We just need to trust them more.

T. Holford

Private Reply to Thomas Holford (new win)

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