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Pfizer says it will price Covid treatment Paxlovid at nearly $1,400 for a five-day course, which researchers estimate only costs Pfizer $13 to produce.
That's a 10,000%+ markup. Shameful.
Actually in human societies, not just in capitalism.
People talk about capitalism being bad as if only there people try to eat each other to become richer.
If you read something about reasons the USSR wouldn’t have more efficient centralized planning, while having necessary machinery and resources, or why it wouldn’t have standardized something, while having the standardization apparatus and planned economy, or why all the Internet-like projects went nowhere in USSR while being much more ambitious due to, again, planned economy, or why despite less fragmentation scale wouldn’t make things cheaper to produce in USSR, but the opposite, and so on - that’s because every reform would mean someone losing influence, and that someone would naturally use that influence to resist reform.
It’s actually fascinating to read how some of those people really believed in Marxism and Communism, and were even very competent sometimes, but the general architecture made the whole thing less than just a sum of its parts. Really sad, though.
Actually in human societies, not just in capitalism.
People talk about capitalism being bad as if only there people try to eat each other to become richer.
If you read something about reasons the USSR wouldn’t have more efficient centralized planning, while having necessary machinery and resources, or why it wouldn’t have standardized something, while having the standardization apparatus and planned economy, or why all the Internet-like projects went nowhere in USSR while being much more ambitious due to, again, planned economy, or why despite less fragmentation scale wouldn’t make things cheaper to produce in USSR, but the opposite, and so on - that’s because every reform would mean someone losing influence, and that someone would naturally use that influence to resist reform.
It’s actually fascinating to read how some of those people really believed in Marxism and Communism, and were even very competent sometimes, but the general architecture made the whole thing less than just a sum of its parts. Really sad, though.