StealyEyedSecMan t1_j9ncogk wrote on February 23, 2023 at 5:04 AM

Reply to comment by boldberserker in Amazon closes $3.9 billion deal to acquire One Medical | CNN Business by prehistoric_knight

I think you mean the monopoly model not the capitalism model...capitalism would have a competitive market and low margins..monopoly high margins and little competition or market choices.

SeanHaz t1_j9p5q2m wrote on February 23, 2023 at 4:10 PM

Unfortunately in medicine it's complicated, you want to encourage people to invest in innovation so you give companies patents on stuff they discover/invent. Then because you've given a patent you've also given them a monopoly.

I don't know how to solve that problem

StealyEyedSecMan t1_j9q2dag wrote on February 23, 2023 at 7:32 PM

The financial people do, we just have to agree there needs to be some balance.

Gh0sss t1_j9o2cok wrote on February 23, 2023 at 10:24 AM

doesn't really work when both companies are heavily incentivized to nickel-and-dime people for life saving medications, i think the main problem is that people are heavily profiting from these drugs, and that there is an incentive and movement among pharma companies to ask for way more money than what it took to actually create the drug

StealyEyedSecMan t1_j9oa5g0 wrote on February 23, 2023 at 12:02 PM

Intervention is needed to create a competitive market for the drugs...historically there are many examples

StealyEyedSecMan t1_j9q2iwa wrote on February 23, 2023 at 7:33 PM

This is straight textbook, who's downvoting this?

proletariat-platypus t1_j9u7jft wrote on February 24, 2023 at 4:23 PM

Capitalism inherently trends toward monopoly. Just look at how few companies own nearly everything in the global economy.

StealyEyedSecMan t1_j9x8jv4 wrote on February 25, 2023 at 5:24 AM

Why the downvotes? This is directly pulled from economics definition...it's a statement of fact.