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Capitalism prioritises investment based on profit, not based on good
(sh.itjust.works)
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this post was submitted on 15 Dec 2024
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That is not how modern capitalism works. Modern capitalism works in 5 years. CEO have figured out that they don't need to work for the shareholders but make it seem like they do. CEO wants to get their bonus and they get their bonus if the shareholders are happy and usually the shareholders have short term interests too. So for a CEO, it is more profitable to take actions that generate more profit in short terms.
Which is why there are mass hiring and firings. Those things are a huge waste of resources but it look good on you if you can sell it right to the shareholders. You are willing and able to react quickly.
So a cure for cancer would be sold as soon as possible because whoever has the patent, would make billions (short term). Remember biotech and their COVID vaccine?
The problem becomes finding a cure and a CEO doesn't have any interest to heavily invest in finding a cure if the cure is not "around" the corner anyway, as that wouldn't be very short term minded of them. But as this problem exists for any illness, the ones most likely to be treatable through publicly funded Research will get the funding to make the medicine and put a patent on it.
Edit: they don't kill you for profit. They don't heal you for profit. For their profit, they act. You just happen to be acted on.