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Sophia's avatar

Politicians are the ones who pass the laws that govern drugs they are invested in through their family. Without the Government interference in the free markets, insulin would be much cheaper.

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AI Rights's avatar

Government interference is all that stopped that vile little boy from raising the price of insulin 10x a few years ago. Completely unfettered capitalism can be a fun idea, with a species still perhaps not ruled so much by our reptilian brain! We don't cooperate well enough to not turn into feudalistic selfish bastards after awhile, and when the gentrification gets big enough - the gap between rich and poor grows wide enough . . . History shows the same thing ALWAYS happens. And usually around 250 years in on average :-0

Maybe I'm an optimist, or maybe I just hang around with nicer people . . . . because I believe humanity is better than this. I believe that to have millions of children living in poverty in the same nation who empowered a man who brags about crapping on a golden toilet? Doesn't line up.

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Ruth Sheets's avatar

Todd, I guess I hang around with better people too because the people I am with are in jobs that try to make a difference for some of those hungry impoverished children and families who are essentially either ignored by the golden toilet siter and his friends or blamed for the impoverishment caused by businesses running South or overseas leaving the community with no jobs and a very small tax base to pay for the needs of the left-behind people. An overlay on the problem with free reining Capitalism is the racism, misogyny, ablism, homo/transphobia, classism, and agism that pervade every aspect of our capitalist system. Regulation can help with those too if there is a will. Just because someone owns a company or corporation does not mean he owns the people or the message of his corporation.

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Donald Hodgins's avatar

Todd-- The loss of our middle class is still being dealt with with no real solution in sight, robotics stole a social class from our country. Humanity is better than this and it will take a special line of thinking to dig our way our of the hole we seem to be in.

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Sophia's avatar

Taxes, The Direct Taxation of Income specifically has stolen the middle classes money not robotics. Robotics makes our lives better like the engine made our lives better. There is no digging out of a hole, you just have to recognize the error in your thinking that made you believe you could dig out of a hole and then crawl out of the hole.

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Donald Hodgins's avatar

Sophia-- Taxes had a hand it I agree but what was the key factor was robotics. My son was a factory worker, he watched a plant lose almost its total work force to those machines. That scenario took place across our country robbing the meddle class of it core population.

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Sophia's avatar

In the 1930's, 40% of the workforce was in agriculture, today it is less than 1%. All those people were restrained to build the machines that replaced them.

The same thing will happen this time around. With every new innovation there is destruction and recreation of jobs. This is just part of the cycle we live in.

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Donald Hodgins's avatar

Sophia-- The small farms gave way to huge commercial conglomerates that farm on a scale not seen in the past, also lands owned by small farms were brought up and developed into subdivisions because of the ever expanding population and the desire of people to get away from the hustle of the city. However, you are correct, many farms just gave up because of economic pressures. We were an agrarian society in our infancy, times change for a multitude of reasons. This is absurd in logic but if we could ask, how would Adam see the world we have created? He would probably cry.

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Greg DeCowsky's avatar

Donald: You must be referring to Adam Smith?

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Donald Hodgins's avatar

Greg--If crying was involved, it was Adam as in Eve's apple eating friend.

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Donald Hodgins's avatar

Sophia-- President Biden tried to put up a bill that would reduce the price of insulin but the Republicans shot it down, where are the mind that control that party? Greene with envy. All they desire is power and money the hell with the people.

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Ruth Sheets's avatar

Sofia, what! The free market would do better without the government! I am not sure where that would happen. The Free Market" depends on our government to maintain itself no matter what pro capitalists think. Those pharmaceutical corporations would not lower their prices for consumers. They double dip and we the people permit it. They get government support in developing the medications, then charge outrageous prices to the government and everyone else for the final product. They have a racket that they would employ whether the government were involved or not. They would just have different actors playing the part of government: even richer corporations, foreign entities, and collusion with other big pharma corporations. Capitalism depends on participants acting in good faith. regulation makes sure they at least try to act in good faith even when they are tempted to do otherwise. We now have the bad actors, but not the regulations to keep them in line to help capitalism work for all, not just the untrustworthy.

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Greg DeCowsky's avatar

Sophia: That's complete and utter nonsense. I can't begin to count how many ways that isn't true, and it's not my job to teach you. I suggest taking Econ 101 with Prof. Reich; I am sure he could recommend many additional references.

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