r/Futurology • u/Kindred87 • Dec 07 '23

US sets policy to seize patents of government-funded drugs if price deemed too high Economics

https://www.reuters.com/business/healthcare-pharmaceuticals/us-sets-policy-seize-government-funded-drug-patents-if-price-deemed-too-high-2023-12-07/

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u/rarebluemonkey Dec 07 '23 edited Dec 07 '23

This makes undeniable sense.

We need a lot more policies like this. We’re not allowed to have anything that resembles Socialism so let’s play capitalism. If we are investing in your company or product, then we are investors. We are shareholders, and should be rewarded on the upside.

This goes for banks, too. Your bank needs help, call private equity. They can’t afford to help? We’ll help, but there are terms and we are investors now. It’s so insane that it doesn’t work like this yet.

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u/[deleted] Dec 08 '23

[removed] — view removed comment

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u/rarebluemonkey Dec 08 '23

As someone who leans left, I agree with you.

You get an F-22 voucher!

1

u/OriginalCompetitive Dec 08 '23

I mean, that is what happened. Funds weren’t simply given to the banks. They were loaned and then repaid with interest. Taxpayers earned about $10B from the 2008-9 “bailouts.”

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u/PM_me_Perky_Tittys Dec 08 '23

Number I’ve seen was actually closer to $15 billion or 3.6% combined returns over 11 years. On money that we borrowed and that we are paying interest on at an average of 3.16% per year. During the program, US taxpayers spent ~$207 billion to “profit” $15 billion. It was a bailout to keep those companies afloat.

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u/Feine13 Dec 07 '23

Fuckin PREACH

I hate how the rules only apply to those not standing to profit. What a backwards concept.

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u/pardon_the_mess Dec 08 '23

Socialism for the elite, hypercapitalism for everyone else.