I'm certainly sympathetic to the argument that tech execs should be paid less because they simple aren't worth it, but that is very different from suggesting that somehow it would make a substantial difference in their workers' wages (it basically never would).
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So really the right way to state it would be that patents incentivize companies to develop _certain kinds_ of drugs. They actually _don't_ incentivize companies to make effective drugs of all kinds. It's a very important distinction that gets overlooked.
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And extend that a little further and you realize that patents specifically encourage the creation of _exactly those kinds of drugs that make healthcare expensive_! Because drug companies aren't going to invest $3bln into a drug that they can't then pull > $3bln out of us for.
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