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Comment by foolrush | Hacker News Reader

> There's no longer any "referee" to bribe? The fans get to vote on the winner in a free market?

Bzzt.

People end up dead.

In the case of Big Pharma, it is a fitting analogy.

> There is essentially zero drug development in Canada. Have you ever wondered why that might be? Do you think it might be a problem (for Canada) if the same policies were applied in the U.S.?

So you are suggesting that Canada doesn't participate in drug research? Or are you suggesting that government monitored pricing prevents Martin Shkreli types from making mega purchasing rights to drugs they had nothing to do with to inflate the pricing and profit so they can spend two million dollars on important Wu-Tang (?) album research?

Not sure which sort of statement you are hinting at.

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> So you are suggesting that Canada doesn't participate in drug research?

I'm suggesting that the type of regulation you seem to favor stifles drug research, yes. If the entire world adopted your policies, there simply wouldn't be any new drugs.

> Martin Shkreli types

The only reason the "Martin Shkreli types" are able to do what they do is that government regulations make it difficult or economically impossible for competitors to enter the marketplace, even with drugs for which the patent has long expired.

Let me just get this straight because I really want to make sure I understand your point. The act of the government defending the people it represents stifles the creation of new drugs. Am I missing something?

If the above is what you meant to say then what is so bad about these drugs that getting them into the market is detrimental to the population? Drug companies will always make drugs. To say they won't is patently false, most of their research is paid for through the government grant system anyways, the trials on the other hand can be expensive, bu they already conduct their shady trials in poor countries and only bring them to developed countries when they have the best chance to succeed. I'm not really sure what a percentage cap on profits would prevent especially since most of the complaints are against existing drugs becoming more expensive. Few people complain when cutting edge drugs and therapies are expensive, everyone understands progress is expensive. No one understands a well established drug suddenly becoming 800% more expensive for what only seems like profit motive. Greed is not acceptable when it comes to human life for most developed countries.

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