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Originally Posted by jfman
So competition, and by proxy capitalism, is bad?
Not the point I thought you were aiming for but there we go.
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It's not competition. Overproduction(eg housing) leads to economic catastrophe. Nothing ends up cheaper. It has to all be paid for somewhere down the line. Eg Why build 9 plants when only 3 are needed? If those 3 firms got together and shared out the demand, the COSTS of producing the drugs would be cheaper than otherwise. Yet people claim that it anti-competitive and drives up prices? Their aim is to minimize costs and therefore prices.
Your original claim was:-
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What we know is capitalism is happy to let people die in the pursuit of profits. Pharmaceuticals 101. Limit supply, push prices up.
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Competition means that if there was unfulfilled demand, somebody, somewhere would fill it. The central problem is that there isn't a massive unfulfilled demand.