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The comment I made was a response to a poster who said that insulin pricing was a result of "unregulated capitalism." My point was that the ridiculous price of insulin is largely a result of over/poorly regulated capitalism - the producers are protected from competition. The EU system is...

I had hoped my comment would be informative, not mis-informative. I don't know where the $10 number comes from (other that Senator Sanders, who is not a reliable source), and various "studies" that claim very different costs to manufacture without clarifying methodology. My point was that it is...

This is in large part a misunderstanding of the problem here. This is a HIGHLY regulated market (perhaps the most highly regulated), which means that it is very difficult/expensive for new providers to be approved to manufacture insulin. High cost to comply and thus restriction of competition...

The amount of money made by successful biotech is a direct function of risk/reward, and determines how much money is invested in new drug development. We have by far the most productive biotech sector in the world precisely because a successful drug development program can generate huge profits...

Your snark aside, the facts are that we provide vaccines and drugs overseas for less money. I provided very obvious and well know examples of that, which I see you do not dispute. Once again the Epipen comes up, but has nothing to do with the article or with new drug development, and indeed that...

We are indeed sponsoring drug prices for the rest of the world. It is PRECISELY what we are doing, in some cases without intention, but in many cases very clearly so. Look at the mRNA vaccines for COVID - taxpayers paid a lot for our vaccines, and gave them away overseas. What about the history...

\ Ah, I see the problem. In EU medicine is directly socialized - the government gets to decide which medicines they will pay for, not the patient/end-user. If the any controlling government agency does not see results from paying for a drug, they will not pay for it any more, and it will be...

I don't understand your reply - my summary is basically how the (I believe more rational) EU system works. It is not conjecture. I have no idea what you mean by your response. What "history of medicine?" Perhaps you might explain a little more what you mean.

These "studies" suffer confirmation bias. Let's assume that their numbers are correct, and it's $1.3 billion to develop a drug, not $2.8 billion (it carries widely by the kind of drug). Over how many years will that money spent? Typically, 7-10. What is the opportunity cost of that capital over...

So, basically, good luck ever getting any company to hire ex-cons in the future (which is useful for society). One more absurd jury award for the lawyers, and increasing cost for consumers. When I read about these verdicts, well, it doesn't say good things about the intellect of the American jury.

Jonathan Rauch had a term for the problem described in this article; Demosclerosis, coined 1995. Once government gives money to..anything, anyone, etc...it is democratically difficult/impossible to turn off the spigot. It doesn't matter to whom the money goes - billionaire, public housing...

You say "a lot," of big tech innovation came from acquisitions, and I would only quibble to say some of it did, but of course how the acquired technologies were integrated into big tech is innovation itself. It stretches credibility for you to say that Amazon's fulfillment system came from the...

I'm troubled by the use of the word "Innovation" in the bills title - much of the innovation in the technology sphere comes from the biggest players, as is true in other industries as well. No one can accuse Google of not being innovative, for example, or Apple or Amazon either. And the...

For large companies to accurately disclose climate risk and carbon footprint would be an enormous undertaking. Which locations face which degree of risk, and using which climate model? When a supplier passes inaccurate information up the chain, who is liable if that information is based on...

If you make this argument to the respondents for the survey I'm guessing the results would far less open to addressing climate change. It has always been the case that the environmental movement has promoted asceticism as a solution, when most people prefer an Altru-Hedonistic approach...

Yes, thank you for clarifying, and really, why didn't we just keep developing hybrid tech, which gained so much at so little cost. If I had to buy a new car (instead of running mine for another 10-15 years, I hope), I would buy the new hybrid Maverick (delivery in..2023, maybe?), though I am not...

Contradictions aside, respondents have this about right. Subsidize green power for the grid, but don't provide electric vehicle subsidies to individuals. The grid problems are easier to solve, are a bigger problem, have bigger positive knock-on economic effects, etc.. If you want to subsidize...

NYS and NYS offered Amazon a roughly 15% discount on taxes to paid over a 10-year period, not a payment to Amazon as opponents described. The city and state would also have gained from the additional jobs and tax base from the new buildings that would have been constructed as part of the Queens...

This is not the way the social safety net is supposed to work - bored to tears in your chosen career is not falling into a safety net, it is preferring to have others pay for you not to work. Its a choice. The safety net is correctly intended for people who don't have a choice. The business...

When the SALT deduction was greatly curtailed in the 2017 tax law, high-tax states became less competitive, and the pandemic has obviously accelerated demographic shifts begun with the passage of that law. New York State is loosing more residents each year than any other shrinking state apart...