Should medicine really be part of a system of supply and demand? I'd agree on the whole hotel thing - you don't have to stay there - but when you have some medical condition (and while yes AIDS is something you can certainly avoid) I think as a society and a culture we shouldn't deny a basic human right.
Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Fri, Dec 18, 2015 at 9:47 AM, Lewis Bergman <[email protected]> wrote: > I can't defend his brashness, but the fact remains that pure capitalism is > the best way demonstrated to date to innovate and health care or pharma is > not exempt. Big rewards encourage big effort yielding big results. These > pharma companies have something like 7 years until the exclusivity period > expires. That can be a pretty short time to recover investments. This > particular case may be a bit extreme but to say that capitalism is broken > in America is simply ludicrous. > > I recently attended my sons graduation from Texas Tech on a Friday. > Thursday night at the hotel was $159 and Friday was $269. I don't think > that is price gouging. I think it is a reflection of the simple fact that > there are fewer rooms available on that particular night than are demanded > at $159. The equilibrium was found at $259 where supply and demand come > closer to being equal. At that price I still witnessed people turned away > wanting a room due to their poor planning. I don't think that is price > gouging. Their hotel was full at $269 a night. The next day was $159 again. > Since the hotel was full they probably could have been even higher. > > I really don't understand what people have such a huge issue with the > fundamental theory of supply and demand. Yes I understand that it is a > potentially life saving drug. There are other cheaper treatments. Maybe > they aren't as good, which is why they are cheaper. When did we stop > rewarding people for the value they provide? I know this jerk didn't invent > it but he obviously was willing to reward those who did with a price they > thought fair. Sales over the next few years will prove if he made a mistake. > > Why not force Chuck to sell a unique mount he made for 5% over cost? Heck, > why not only cover his cost? Why not less than cost and force him to > provide his great product for the good of the people? There is a reason it > is named Animal Farm. How many have read this book? While not about > capitalism it does speak to the kind of central control that skulks below > the overt argument for "controlling" this type of behavior. > > I know people might die. I'll put on my really jerky hat and say "so > what?". People die every day for less meaning and in greater numbers. There > is practically a mass suicide movement going on now with texting and > driving. I don't see where people value there lives or others that much > anyway when reading a text or email is more important than life itself. > I guess I am just a big libertarian at heart. Give me the loose framework > of a "fair market", whatever that is, and let the system fight it out. The > word isn't fair, not ever going to be fair, stop trying to warp it to be > that way. > > Have fun with that on a Friday and have a Merry Christmas, Happy Hanuka, > or whatever else gets your boat floating. > > On Fri, Dec 18, 2015 at 8:02 AM Patrick Leary <[email protected]> > wrote: > >> The irony? Your local poor schlub a-hole can be arrested and charged if >> he doubles the price of gas, water, or other life-critical goods after a >> natural disaster – that’s a crime in America. Meanwhile, it’s completely >> legal for a company to raise a life-critical drug by over 5000% -- that’s >> capitalism in America. >> >> >> >> Shkreli is only the most written about example. This “business trend’ is >> all the rage and has been widely employed in the U.S. for a number of years >> now. >> http://news.health.com/2015/09/25/6-insane-examples-of-prescription-drug-price-increases/ >> >> >> >> Patrick >> >> >> >> *From:* Af [mailto:[email protected]] *On Behalf Of *Ken Hohhof >> *Sent:* Thursday, December 17, 2015 8:28 PM >> *To:* [email protected] >> *Subject:* [AFMUG] OT - Martin Shkreli >> >> >> >> Apparently this guy AND HIS LAWYER were arrested today. Everybody knows >> him as the guy who raises drug prices 5000%, but I did not know he live >> streams almost daily to his fans. >> >> >> >> Watch the first video, isn't he just like every annoying, entitled, >> slacker kid living in his parents basement that we have to deal with >> bitching about his Internet? Except he is CEO of a drug company. >> >> >> >> I didn't think it was possible to hate him more, but watch the video. >> >> >> >> https://www.youtube.com/channel/UC8gjB1PSXv_oAUSAQ16S0fA >> >> >> >> >> >> >> ************************************************************************************ >> This footnote confirms that this email message has been scanned by >> PineApp Mail-SeCure for the presence of malicious code, vandals & >> computer viruses. >> >> ************************************************************************************ >> >> >> >> >> >> ************************************************************************************ >> This footnote confirms that this email message has been scanned by >> PineApp Mail-SeCure for the presence of malicious code, vandals & >> computer viruses. >> >> ************************************************************************************ >> >>
