Sunday, July 26, 2020

A Capitalist Environment in Medicine

I am happy to see that President Trump is back addressing America with frequent speeches and news conferences.  In the first couple months of Covid, I probably followed 90% of Trump's direct lines to his constituents.  And, I agreed with far more of what he said than you would find if you compared me to most prominent Objectivists. Unfortunately, my support just hit a snag.

A couple days ago, President Trump came out for government price fixing of drugs and pharmaceuticals.  This is very disappointing to me, as I thought the President was beginning to see how useless and damaging heavy regulation is in the drug industry and biotech.

I don't want to make an enemy of President Trump, because I think he's the best thing we've got, but, trading deregulation for socialist price fixing is not a political tool to try to get more votes from high-priced medical purchasers.  Leaving price freedom to the companies, and removing regulation on drug R&D should be done because they are the right things to do.

Paul Wharton
Objectivist Capitalist Medicine Promoter