The cost of insulin production is in purifying it so that the byproducts of growing it don’t kill you. Unregulated insulin markets will kill people for this exact reason.
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Replying to @andrewdoull @chaosprime
This is a solved problem. Historical experience teaches us that safe insulin could be sold at a profit much more cheaply than it is now. If it is not, the failure is not a failure of capitalism/competition. It is something that is preventing them from working.
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Replying to @andrewdoull @chaosprime
Noplace I know. It's always been regulated. Historically, that regulation did not prevent it from being sold at a reasonably affordable price. If it is now not sold at a reasonable affordable price, something is interfering which was not interfering before.
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Replying to @legalinspire @chaosprime
So how can you say it’s a solved problem if you can’t provide a single successful example?
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Replying to @andrewdoull @chaosprime
I think we're talking about different problems. The problem I am referring to is "producing safe insulin at a reasonably affordable price in a competitive capitalist marketplace." That is a solved problem. Something has interfered with the application of the solution.
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Replying to @legalinspire @chaosprime
There’s no evidence that this occurs in a competitive capitalist market until you can show me an example of a competitive capitalist market which can produce insulin this way. The markets that do this successfully are artificially created markets based on a public health system.
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You keep repeating statements like “this is a solved problem” and “it definitely can’t be capitalism” without any evidence to support those statements. All that tells me is you are deeply worried that the reverse hold true.
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Capitalism values things based on what people will pay for them, not what is 'correct' by any other metric, and what people will pay for their life is 'anything'. Therefore capitalism cannot value medicine correctly. Q.E.D.
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enh it's what the market will bear in both directions if one guy will sell you your life for everything you own, and the other will sell it to you for everything you own minus one dollar, the problem then is if there isn't anybody who'll go one dollar lower than that
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which is to say, the problem is if noble greed fails to overcome evil class solidarity
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Replying to @chaosprime @unormal and
or if you'll go with the first guy because you presume what he's offering is better because it costs more, of course
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