Capitalism Works If Government Would Just Get Out of the Way!

[sirs]

And if you try to maximum profit, regardless of the cost of production or the needs of the customer, you may have a short term impressive profit margin, but you will fail as a business, as customers go elsewhere.  Unless of course, you've payed off enough politicians to remove competition, or have payed enough for direct access to.....let's say....a Secretary of State, who then ok's projects that specifically benefit your business or corporate interest, at the expense of your competitors

[Xavier_Onassis]

In the case of newly developed drugs, the companies are guaranteed a monopoly for a number of years.  Luckily for consumers, India refuses to obey this and authorizes the sale of generics very soon after their release.

[kimba1]

Thats the curve im talking a about. Is thier another word for it? It seems similiar to me

[sirs]

Nor does it refute anything I've referenced or Kimba has referenced

[Xavier_Onassis]

The Laffer curve is about tax rates and tax receipts. There is a point at which taxes aere minimized and tax receipts are maximized.

In the curve you refer to, the elements are the possible drug price and the profit from the the number of units sold. If the price is higher, the customers will not buy the medicine, and profits are less. I am pretty sure the drug company studied this before raising their prices. They could be wrong about the point at which customers show resistance and do something like buy their Epi-Pens in Canada or Mexico, which have price controls.

With the price quintupled, no sane government is going to arrest anyone from buying their Epi Pans from Canada.

[Plane]

It is the nature of capitalism to extract the maximum profit, regardless of the cost of production or the needs of the customer.

That is a why it needs to be regulated.
In Canada, it is regulated and the company has not been allowed to maximize the price.

Maximum profit cannot be had regardless of cost.

Cost is a natural restraint that works well with experienced businessmen , but has too little effect on governments.

  Consider the crime that the government of China is busy committing right now.

    To capture the rights to the fishing and oil drilling in the whole China sea from the shores of Vietnam to the tiny Islands attached to the Philippines, the Chinese governments is building islands that will be the home of military bases , airfields and barracks  . This is of course killing a huge number of the fish that live in these seas , Giant clams and all manner of corals already endangered are going to loose all presence in this huge sea.

     I like to think that this is a peculiar sort of stupidity found only in the biggest corporations and governments.

[sirs]

Precisely. ... greed both manifesting in corporations & Government.   And heaven (& the Constitution) help us, when they consort with each other to inhibit, if not literally block competition

[kimba1]

Drug companies likely has researched outcomes to price increases but that does not mean they would know how to use such information. We had many businesses who made for profit only decisions and are not around anymore.

[Xavier_Onassis]

If China were not messing around in the Spratly Islands, if the Philippines had total jurisdiction to this area, I think it would be likely that the Philippines would also be almost as likely to be drilling for oil and messing up the ocean floor as China is doing. The same is true of Vietnam.

But this is not really a matter involving capitalism and monopolies.

[kimba1]

for the past decade asia and particularly china has gotten some blowback for it`s unrestraint capitalism. huge losses of potential revenue due to lack of safety concerns. chinese still prefer american made baby formula than locally produced. despite it`s made from the very same company so the quality is identical.
it got so bad for a few years I was not able to buy a certain cry peach snack due to lead poisoning concerns. strangely i cannot buy any U.S. made product due to the fact american made stuff simply not edible. it just cannot be made here. sometimes thing can only be made in china.

[Xavier_Onassis]

 I think anything can be made anywhere. But there is usually a reason why some stuff is always better when made in a particular place.

Lead poisoning is a good reason for not eating something.

China has a high growth rate, but investing in China is iffy because there are insufficient regulations against various types of scams.

Unregulated Capitalism is undesirable anywhere.

[sirs]

Nor is anyone pushing for completely unregulated capitalism either.  That's referred to as a red herring     

[Xavier_Onassis]

Look at the title of this thread. "If Government would just get out of the way" means precisely that government regulations are always a problem, and the government should "get out of the way".

If you tell someone to get out of your way, does that mean you want them to block you just a little less?

Typical sirs stupid remark.

[sirs]

Getting out of the way isn't the same as being non existent.   Context is everything

[Plane]

If China were not messing around in the Spratly Islands, if the Philippines had total jurisdiction to this area, I think it would be likely that the Philippines would also be almost as likely to be drilling for oil and messing up the ocean floor as China is doing. The same is true of Vietnam.

But this is not really a matter involving capitalism and monopolies.

  Yes it is.

   The government of China is run by a party that insists on monopoly , and what they are doing in these islands is the greatest environmental crime in this century (so far).

    There is definitely a role for government in business, but it is not the role of boss or owner this just makes the government part of the crimes that happen.

    The proper role of government in business is as referee in the game , not choosing the winners , just preventing cheating.