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Pharma Lobby Furious Over Wildly Popular Effort to Curb Drug Prices
(www.commondreams.org)
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this post was submitted on 30 Aug 2023
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Politics
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Amazed at how the same people who defend a business model that depends on price inelasticities to extract the last dime for lifesaving meds somehow react with horror at the idea that the biggest negotiator of pharmaceutical prices in the U.S. has the gall to negotiate lower prices. The government isn’t ‘dictating’ anything. It is using its market power to drive the price down.
That is the vaunted free market at work. Anything else is just corporate socialism.
corporate socialism is an oxymoron. The key to socialism is the ownership of the means of production by the workers.
What you refer to is just classical oligarchy / kleptocracy
That was a dig directed at those that shout “socialism “ at things that are clearly not socialism (like negotiating prescription drug prices), but you are of course correct. Thank you for correcting my rhetorical excess, internet friend!