this post was submitted on 16 Jul 2023
108 points (76.2% liked)

Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ

54443 readers
179 users here now

⚓ Dedicated to the discussion of digital piracy, including ethical problems and legal advancements.

Rules • Full Version

1. Posts must be related to the discussion of digital piracy

2. Don't request invites, trade, sell, or self-promote

3. Don't request or link to specific pirated titles, including DMs

4. Don't submit low-quality posts, be entitled, or harass others



Loot, Pillage, & Plunder

📜 c/Piracy Wiki (Community Edition):


💰 Please help cover server costs.

Ko-Fi Liberapay
Ko-fi Liberapay

founded 1 year ago
MODERATORS
 

Hey mateys!

I made a post at /c/libertarianism about the abolition of IP. Maybe some of you will find it interesting.

Please answer in the other community so that all the knowledge is in one place and easier to discover.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

Pharmaceuticals is about the worst example you could pick to make a point. It's notorious for socializing the cost and privatizing the profit (not to mention the ethics of price gouging life saving medication treatments).

Here's what Johnson&Johnson is doing right now with a TB drug whose development was paid largely with public funding:

The pill, called bedaquiline, was first approved in 2012 as the first new TB drug in over 40 years and revolutionized treatment for drug-resistant infections. But its relatively high cost limited access in many low- and middle-income countries hit hardest by an epidemic that still kills around 1.5 million people every year, most of them among the world’s poorest. The company initially charged $900 per course in low-income countries, according to a 2016 report, but gradually lowered it to $340 three years ago.

The secondary patent particularly irked some advocates because the drug’s development was largely underwritten by public funds, according to a 2020 analysis. That study found public sector funds contributed $455 million to $747 million to getting bedaquiline to market, compared to $90 million to $240 million from J&J.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

The pharmaceutical companies would definitely not cut back on their profits, so at "best" they would either get public money to make it several times faster, or they would cut back on quality and safety (*lobbies have entered the chat); and in either case the final price would be higher.
There is plenty of room to get worse, even in the current favorable conditions they prioritize known cost-effective palliative treatments over research into expensive solutions that may lead to nothing.

If the entire health sector were public and concerned itself with saving lives instead of making money, it would be a different story, but that is where we get into major reforms.