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by gambiting
2061 days ago
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In what way? Yes, the taxes paid for research, then taxes paid to purchase the product. But if everything was state owned top to bottom, the taxes would have had to fund research, then manufacturing, production and distribution. I wager the amount of money spent would have been exactly the same, so it's more like an accounting trick than an actual difference. |
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Socialized risk and privatized profits. A capitalist's dream.
To go back to your highway analogy, its as if the government contracted for the entire interstate highway system to be built and then let various private companies charge a perpetual toll to use the roads in addition to the money they made for building it.
Its not an accounting trick, its a perpetual royalty on the taxpayer's expense if the drug works (and a profit even if their drug never passes Phase 3 clinical trials).