Re:Biohackers take aim at big pharma’s stranglehold on insulin
by sneak on Monday June 28, 2021 @02:58PM
(#27666157)
You're absolutely right that either would be better than the current situation.
The issue, though, is not that it's half-assed and fucked up. It's working by design, to use legislative schemes to funnel money to incumbents and friends/donors, while still supporting the "free market" ideology, when really it's just regulatory capture.
The system is designed for graft, and it's working as intended. Those with the power to "fix" it won't, because to them it's not broken at all.
The US has the same problem in telecommunications, war/defense, and medicine. The largest vendors become integrated with the budget- and policy-makers, and the whole system exists to extract maximum value from the consumer class.
The issue, though, is not that it's half-assed and fucked up. It's working by design, to use legislative schemes to funnel money to incumbents and friends/donors, while still supporting the "free market" ideology, when really it's just regulatory capture.
The system is designed for graft, and it's working as intended. Those with the power to "fix" it won't, because to them it's not broken at all.
The US has the same problem in telecommunications, war/defense, and medicine. The largest vendors become integrated with the budget- and policy-makers, and the whole system exists to extract maximum value from the consumer class.