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Medical Inventions require CapitalismViews: 343
Oct 03, 2009 5:56 amMedical Inventions require Capitalism#

Ron Sam
John Stossel of ABV TV exposes Healthcare in US and other countries. Explains how innovation leads to inventions and how they make profits to continue the process. Whereas in a government run system this does not happen.

http://www.youtube.com/watch?v=q9GMKK_fWKg

Private Reply to Ron Sam

Oct 03, 2009 12:54 pmre: Medical Inventions require Capitalism?#

Ken Hilving
I am not so sure that capitalism is the key element.

The R&D, like raw materials, facilities, and labor, can be included in the cost base. This removes profit (price minus cost) as the enabling aspect for the process to continue.

Private Reply to Ken Hilving

Oct 03, 2009 3:41 pmre: 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

Oct 04, 2009 9:12 amre: re: re: Medical Inventions require Capitalism?#

Ron Sam
ROFLMAO

Private Reply to Ron Sam

Oct 04, 2009 9:29 amre: re: re: Medical Inventions require Capitalism?#

John Stephen Veitch
Thomas says:
"That's 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."

Thomas sometimes for a grown man with experience of the world, your bias and lack of real knowledge is shocking.

John Stephen Veitch; The Network Ambassador
Open Future Limited - http://www.openfuture.co.nz/
Innovation Network - http://veech-network.ryze.com/
Building an Open Future - http://openfuture-network.ryze.com/

Private Reply to John Stephen Veitch

Oct 04, 2009 4:18 pmre: re: re: re: Medical Inventions require Capitalism?#

Joseph Lynders
~~~~~~~~~~~~~~+~~~~~~~~~~~~~

It is just my opinion based on my bias and lack of real knowledge but I feel if I could find a grown man with experience of the world, I should pay attention to their bias and lack of real knowledge weather I agreed or not.

I have found that just about all IDeas, even bad IDeas, have some positive features that need not be missed.

I expect that paying attention to folks you don't agree with is politically correct.

Why has that become a poor IDea?

Has that always been a poor IDea?

10/04/09 Joseph F. Lynders FTg/M/?

Private Reply to Joseph Lynders

Oct 04, 2009 6:29 pmre: re: re: re: Medical Inventions require Capitalism?#

Thomas Holford
John Stephen Veitch sayeth:

"Thomas sometimes for a grown man with experience of the world, your bias and lack of real knowledge is shocking."

Admittedly, I lack real knowledge of the actual practices of the U.K.'s National Health Service (the largest employer in Europe). But my synthetic knowledge tells me that the following might be the case:

In the U.S., a seventy-five year old coot with a leaky heart valve is regarded as a potential customer and source of revenue by your local neighborhood cardiologist in private practice.

In the U.K., the same seventy-five year old coot would be regarded as an unjustifiable cost to the National Health Service.

I'm not quite sure what standing such a coot would have in New Zealand. Based on things I have read on the internet, the New Zealand government would have only the sincerest high regard for his dignity, unlimited compassion for his plight, and make available to him an unlimited claim on the national treasury to obtain any medically efficacious remedy known to science.


T. Holford

Private Reply to Thomas Holford

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