Comments by "Antony Wooster" (@antonywooster6783) on "Emil Cosman" channel.

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  44. This is a comment I have made elsewhere, but I'll risk showing it again. I agree with what you are saying in this video entirely. It seems to me, that there is an obvious and extremely serious objection, to privately owned pharmaceutical industries. Namely that there is a fundamental, built-in Conflict of Interest. To put it as simply as possible; to a privately -owned pharmaceutical firm, a cured customer is a lost customer. The ideal customer, is one who buys a drug that is still "in-patent", which is moderately expensive and needs to be taken indefinitely to "stabilise" the disease. A drug which does not cure the disease, but enables the patient to be well enough to earn a living. The treatment for stomach ulcers, before Dr Barry Marshall's discovery of Helicobacter pylorii and the fact that the disease could be cured in a couple of weeks with barium and antibiotics, was a text book example of just such a drug. The pharmaceutical industry fought hard to keep knowledge of this discovery from the public and succeeded in suppressing it for ten years! The obvious cure for this problem is to nationalise the Pharmaceutical industry in its entirety. (Better still, would be to internationalize it but that is a step for another time.) The point is, that a government has quite different priorities from those of a private firm. Whereas the job of a private company is to make money for its shareholders, the job of a publicly owned pharmaceutical firm is to produce the best range of medicines that it can, as cheaply as possible. To research cures for diseases that are troubling the public and to make sure that their products are safe or at least, that its side effects are known. As far as a government is concerned, the ideal drug is one that will quickly cure a disease, that costs very little and causes the least possible trouble to the patient. Having a nationalized pharmaceutical industry would avoid wasteful duplicated research, price gouging and neglect of "rare diseases" because there is no money to be made from treating them. Above all, such an industry has no motivation to suppress a cure, because it is making money from treating a disease. Another advantage of a nationalized pharmaceutical industry is that it would not have to worry about the cost of trials of experimental drugs in the same way as a private firm. If a new or repurposed drug was very cheap, but showed promise, the fact that it would not make money for the firm would not be an obstacle to setting up a test of it. Some people will object that "nationalizrd firms are always inefficient" and that such an industry "would be bogged down in burocrasy." Personally I think that removing the the "Conflict of Interest" would make running those supposed risks, worth running.
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