Originally posted by Tripledoc
I won't be a bore and ask for proof of that, but are you sure that competition in itself creates new products, and not only cheaper products. Also if competition is such a wondercure, why do you have agencies sucking up patents left and right, specifically to ensure that there is no competion. For instance true competition in the medical industry would quite simply kill it off very quickly, as the money requied to research, secure, and market new medicines is now so great that only monopolies and strict patent laws will make any profit possible. Just see the debacle over cheap anti-HIV drugs to the Third World, where after all, they are most needed.
The laws of the free market don't work there.
I won't be a bore and ask for proof of that, but are you sure that competition in itself creates new products, and not only cheaper products. Also if competition is such a wondercure, why do you have agencies sucking up patents left and right, specifically to ensure that there is no competion. For instance true competition in the medical industry would quite simply kill it off very quickly, as the money requied to research, secure, and market new medicines is now so great that only monopolies and strict patent laws will make any profit possible. Just see the debacle over cheap anti-HIV drugs to the Third World, where after all, they are most needed.
The laws of the free market don't work there.
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