Pharmaceuticals: All profit and no liability / by kevin murray

This government, of, for, and by the people, has a rather bad tendency to not take into proper consideration that they have an incumbent duty to be good stewards to the population that it serves – of which, instead this government has often demonstrated that it has a strong inclination in some of the most important areas of life, to adhere and to agree to the desires of, for instance, pharmaceutical companies at the direct expense of the public and society.  That is to say, when pharmaceutical companies are allowed to charge the government, or the general public, for that matter, for a given vaccine, in which the agreement so granted by that government is that the pharmaceutical companies will have no liability to such, this thus creates a “sick” construct, in which private profits are made, without the pharmaceutical company risking any accountability to that product so being sold; which signifies in other words, that there is no discernible downside, and a great deal of upside for profits, for that respective company, that can easily run into the billions upon billions of dollars.

 

That type of concept in which pharmaceutical companies are permitted to mint private profit, but risk no liability, does not serve this country well, and therefore this is a grand disserve to the people that make up this great nation.  If, this government believes that a given pharmaceutical product is of vital importance that it so desires or agrees that such should have no liability and hence no recourse for people to get redress for injuries so incurred, then for an absolutely certainty, those pharmaceutical products should have all of the profit erased from such, and essentially this should be provided at cost, for the expressed benefit of the public. 

 

While one could argue that without profits, pharmaceutical companies would not therefore develop a given vaccine, that argument can easily be countered by saying that those companies that will not make a sacrifice for their nation, which actuated their existence in the first place, in order to provide a necessary service to the people, should either be sanctioned and therefore effectively at risk of losing their license to do business, or they should be subject to being nationalized for the greater good of this nation.

 

The current status of providing carte blanche for these pharmaceutical companies to make money without subject liability is good only and exclusively for those pharmaceutical companies; and as for those pharmaceutical companies arguing that it wouldn’t be fair to be compelled by law to provide products at cost -- one could make the strong counterargument that if these pharmaceutical companies are convinced that they must so make a profit, then, in fairness, they should therefore be permitted to be liable for those products so sold and utilized that end up being detrimental to the people, as determined through a court of law.

 

The thing about businesses in a capitalistic society is that any business that has no risk to their business model is either essentially a monopoly and therefore has monopolistic powers, or it is a company that has been deliberately favored or protected by the government so that it need not worry about liability, which is demonstrative proof that companies that have no real risk, deserve no real profit.