Socialist Takeover of Pharmaceutical Companies' Prices?
Today's concerted media attack against pharmaceutical price freedom is a grave injustice. A business has the right to decide what price to charge potential customers independent of government force and coercion. But, it is not just pharmacy prices that are at stake in the discussion. Economics involves other equally analogically negotiated prices, too. The following scenario illustrates my point:Suppose there is a socialist, mostly government entity named "Fast Slips" that is disguised on Wall Street as just another company. This "company" goes into businesses and identifies prices for goods that it declares are too expensive. When Fast Slips rushes into action, it finds the owner and argues for bringing down certain prices at the expense of the owner's income and reduced wages or pink slips of every employee in the business. If Fast Slips meets resistance, it pulls out its Trump Card--that being its government connections and true socialist nature. Due to the threat of this overwhelming coercive force, most owners fold to the pressure--cutting jobs and reducing wages to meet the new government conditions.
Now how would you feel if you were a worker in that business? What economic reward would you get if you were the owner? Instead of Express Scripts and CVS screwing over the entire pharmaceutical industry, why don't they: dissolve their socialist elements, stop forcing drugs with nasty side-effects upon people, and give up the economically devastating dream of free lunches without capitalist payment?
Paul Wharton
Objectivist Capitalist Medicine Promoter
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