Jack Dorsey, co-founder of Twitter (now X) and Square (now Block), sparked a weekend’s worth of debate around intellectual property, patents, and copyright, with a characteristically terse post declaring, “delete all IP law.”
X’s current owner Elon Musk quickly replied, “I agree.”
If it’s state funded then that’s obviously a different matter.
But usually it’s a company making drugs, and they’d go bust if they spent billions developing a drug and got zero money back. Then there would be far fewer drugs made.
Be practical. Letting people die for ideological reasons is not a good thing.
I wrote a long winded reply but honestly I’ll just say that your second paragraph is entirely based on fiction and your final paragraph is precisely what for profit medicine is designed to do. Profit is a purely ideological drive, medicine and healthcare do not need profits to exist. The post office does not need to make money. It exists because we HAVE to have it.
You can go see for yourself. Moderna did not single handedly make the covid vaccine. They do not and should not have the right to deny anyone the right to produce it as cheaply as necessary to provide it to their populations. I can go deeper if you want but if this doesn’t show you that we are saying the same thing I’m going to have doubts about this being in good faith.
It’s not fiction, that’s the reality.
No shit. Everyone knows that. But it does exist. That’s the world we live in. Income tax doesn’t need to exist, but it does, and things would go wrong if you suddenly stopped paying it.
Who said they did? Many companies did, and some had government or university help.
Go as deep as you like. I’ve already explained the situation, though.
I am speaking in good faith. How do you go about avoiding companies simply refusing to create new medications when they know for a fact making new ones would cost billions and they’d never get the money back?
I don’t like that that’s the situation. I want companies to make medications and sell them at a loss, but that’s a fantasy world. I’m being pragmatic. We can improve IP laws without completely killing off future medicine development.
“Just, like, don’t make profit, broooo” would be nice, but that’s not how the world works.
How, when more companies would be able to develop the same drug? And they don’t develop drugs, they develop ways to extend their patents.
More companies will develop that drug.
But think of it this way. You’re the CEO of a pharmaceutical company that makes drugs, vaccines, etc that saves lives. You do this for a profit.
You’re presented with a plan to make a drug that, idk, lessens the symptoms of Crohn’s Disease. It’ll cost $2 billion to create and bring to market.
After it’s done being created, and the drug spends 10+ years in clinical testing, it’s on shelves. You have to price each box at $10 in order to break even after 5 years, so you do so.
But the law has changed, now anybody can manufacture the drug. A competitor who didn’t foot any of the development costs or do any of the hard work is selling each box at $0.80. you can’t compete with that, you make an enormous loss and your company edges closer to bankruptcy.
One of your workers comes to you with plans for a $2bn project that will hopefully reduce migraines. Given lessons learned from the previous example, do you go ahead with the plan? Will the board even let you?
I agree that IP laws in the sector need to be pared down, but scrapping them entirely would prevent any company from creating new drugs, as they’d be absolutely certain they wouldn’t be able to recoup development and regulatory hurdle costs.
In an ideal world, all drugs would be made by governments, for a loss, and open sourced, so the market could compete on price. But that’s not the world we live in.