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Comment Re:Epinephrine cost per dose in about 50 cents (Score 1) 80

We have a Pharma CEO with a father that's a Senator. We have a set of conditions that seem terribly beneficial to a particular corporation. We have that corporation and it's CEO profiteering and acting like an old school robber baron.

Follow the money.

It looks as corrupt as hell.

Yeah, CFCs are a nice excuse to create a monopoly out of thin air.

Comment Re:Ban drug ad's like most developed nations do! (Score 1) 80

In the grand scheme of things, this is small potatoes. Companies get monopolies on drugs because they develop them and/or bear the costs of getting them tested and approved. This one just gets a lot of play because you can add a "but think of the children" angle to it. It is by far not the worst example.

On the other hand, the real stuff still needs to be developed. If idiots run amok like a bunch of rioting Frenchmen, the really interesting drugs may be collateral damage.

Comment Re:IP law has nothing to do with logic. (Score 0) 80

Without personal gain, shit just doesn't get done. You don't work for free. Why do you expect anyone else to.

As a real patient, I would rather the entire the entire industry not be destroyed either by crass idiots or morons with "good intentions".

The issue isn't that simple and there's a lot at stake that you're blissfully unaware of.

Comment Re:Epinephrine cost per dose in about 50 cents (Score 2) 78

Well, it's the very fact that the alternative is, possibly, death that makes it possible for a company to do this. This thing occupies a peculiar corner case where the demand is modest, but inelastic.

This means a monopolist can milk the market by raising the price to insane levels, but because the market is small no competitor wants to enter it. Were the market to become competitive it is so small that the newly entered competitors wouldn't make much off their efforts. This is contrasted with statins, which are blockbuster drugs. You don't need a very large slice of that pie for the slice to be very large indeed.

The same thing happened last year with Duraprim. If you have toxoplasmosis, you absolutely have to have it. But how many people get toxoplasmosis?

Comment Re:Useful for desalination plants? (Score 1) 72

Well, to answer your question, of course if we covered the entire ocean, or significant fractions of it, sure there'd be undesirable ecological effects. Just like anything else that is scaled up endlessly without allowance for what economists call "externalities".

If you could internalize all externalities then the market would provide a perfect solution without any kind of regulation whatsoever. But since nobody knows how to do that, then I imagine that you'll get two regimes: (1) do whatever you want as long as you grease the the correct palms (in authoritarian states like China) or (2) go through the rigmarole of doing environmental impact studies before getting permits to beuild (in democratic societies).

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