Quote:
Originally Posted by wdfifteen
You need to get up to speed on what this company is doing.
Capitalism itself has no goal, it's just a laissez faire approach to business (and I may have misspoken before by attributing a goal to capitalism). The goal of the capitalist is not balance, it is to eliminate competition. We have anti-trust laws to protect us from capitalists, and we need them.
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laissez-faire aka free-market capitalism in it's pure form is ideal.
It is only when gubmints try to manipulate and regulate that is starts to stumble. that gubmint interference reduces free-market capitalism from adjusting and maintaining balance.
If the gubmint let other drug makers produce generics after a couple of years, that would reduce the opportunity to gouge. If the gubmint did not make the drug makers spend billions dealing with bureaucracy and red tape, that would reduce the cost to the consumer.
The capitalist system is designed to reach and maintain balance between supply and demand.
The goal of the CAPITALIST is to be profitable. To make money.
He does that by competing and providing either a better product at the same price, or the same product at a lower price.
Funny that when market manipulation is used to give Tesla a HUGE financial advantage over other car makers (to the tune of $35,000 per car sold), that seems to be perfectly A-OKAY.