this post was submitted on 05 Aug 2023
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Capitalism CookBook: Take an invention which the inventor wanted to be accessible to everyone and make it 57 times more expensive than it costed to make it 🧐🎩 (i.imgur.com)
submitted 1 year ago by CyberGhost@lemmygrad.ml to c/memes@lemmy.ml
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[–] Arakwar@kbin.social 4 points 1 year ago

Unless they sell the new insulin at cost, then no, they don’t get to charge more for the existing product.

They always say that they charge more to pay for the risk from R&D, but having people pay more an existing product to finance future R&D is the complete opposite of that.

This is why some stuff should never be handled by private corporations.