Friday, February 3, 2023

Tag: socialism

Does Pharma Need the Entrepreneur?

17
Capitalists don’t discover new medicine; they invest in it. The incentive to do so, as everyone will admit, is to return a profit. Most would also agree that this profit shouldn’t be "too large," but enough to encourage adequate investment into new treatments. However, the idea that this is a well-functioning system, and indeed the best way of producing medicine, is a myth.