irban wrote:IHearChains wrote:irban wrote:Oh, and big pharma will continue to develop drugs, even for less than obscene profits.
If there is less profit in it, will they develop more drugs, or fewer drugs?
If we can't afford the drugs does it matter? The threat of fewer jobs, less innovation, etc. is raised whenever an attempt is made to reign in corporate excess. The point is to balance the good of the few with the good of the many. For instance big oil would love the EPA to go away. And if it did, energy would likely be cheaper. But what are the tradeoffs, now and in the future?
Also, not all profit spurs innovation. Monopoly's are inherently more profitable, but stifle innovation. One of the reasons for anti-trust laws.