Patents and Costs

Dean Baker notes:

“The pharmaceutical industry charges the public $240 billion a year for drugs that would probably sell for less than one-fifth as much if the drug industry didn’t benefit from government imposed patent monopolies.”

Will this monopoly dominated industry respond to market forces? There are alternatives.

Powered by Zoundry

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s