Wednesday, June 20, 2012

Sanctioned Monopoly

Can you see the monopolistic aspects of how pharmaceuticals are devised and marketed? There has been no literal grant of exclusive rights to one company to research drugs, but a system has been created which permits only very big fish to play in the lake. These big pharmaceutical fish submit to the onerous rules, grumbling, but they are the only legal players. No one else can play. If the FDA were closed tomorrow, the first to clamor for its reinvention would be the pharmaceutical companies, as much as they rail against it. They couldn't stand the competition in a truly free market.


Excerpt from "Pharmacy and Medical Interventions"

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