Re: Two points against Intellectual property laws
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The federal government subsidized research behind 45 of the 50 top-selling drugs in the US in 2005. This is common in other industries as well; taxpayers are the ones who foot a large portion of the bill for research, yet drug companies still attain record profit margins selling the drugs back to us.
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OK, even accepting this, would drug companies bother with the research if there were no profit motive at the end of the development cycle? From a buisness standpoint, I don't see how they could and until there was some other system in place to foster the development, I'd be very wary of eliminating/loosening IP.
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Well if we're already paying someone to do it, we could easily hire the scientists who had been working for the drug companies once they all close up shop.
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Are you arguing that a wholly state sponsored and owned research company could achieve anything like the results that a competitive capitalist company could?
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