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McCain is out
Message
From
27/08/2008 10:14:48
 
 
To
27/08/2008 10:06:03
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
General information
Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01339359
Message ID:
01342189
Views:
16
>>>>>>BTW, I still don't understand why are American pharmaceutical companies selling their expensive drugs in other countries so far below its market price? I mean, the price here is the honest market price - what they sell them for in Canada must be unfair competition.
>>>>>
>>>>>Two words : Price controls
>>>>>
>>>>>Of course, you already knew that.
>>>>
>>>>but it did not fit to the task: corporation must be guilty.
>>>
>>>It's all so easy if you ignore all governmental blockades to a free market, you can then blame corporations for not being fair and proclaim the free market doesn't exist.
>>
>>Actually, 'blame corporations first' demagogues are a bit more sophisticated. They tell that 'free market does not work properly and should be improved', by applying another batch of blockades and prohibitions.
>
>Yes, and they should be ashamed. The corporations should be free to sell a $0.11 drug at $250, if the market can take it.

The very idea of free market includes price mechanism based on supply/demand. It means that some company can sell some product for, let say, $250 unless another company comes up with the similar product selling it for $200. At this point, the first company will have to cut prices.
It is very amusing that I have to explain you these simple things.
Edward Pikman
Independent Consultant
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