What Are You Doing Right Now? (258 Viewers)

pitbull

Senior Member
#351,381
Jul 26, 2007
11,045
#351,381
Fred said:
I have to side with Seven on this one. In fact for me, I think its a good thing that big pharma makes a lot of money and subsequently can pay good money to attract talented people to work for them. Otherwise there wouldn't be much incentive for competent people to want to work there, a consequence for that could be that big pharma companies wouldn't be as effective at developing drugs and medicine that society needs. Do big pharma companies engage in questionable and sometimes immoral behavior, yes unfortunately they do. But I would also say they do more good than bad, and we shouldn't begrudge them making money and profit for their shareholders.
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But doesnt that create big inequality? I cant prove it, but I think nowadays a lot more people die or have serious health problems because they cant afford healthcare products and services compared to people who die/have serious health problems due to diseases that dont have a pill, but might have in the future. Besides why would you be happy at shareholders pocketing 16 billion profit? Im sure they need it a lot less than people they made the profit from :D
 

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ALC

ALC

Ohaulick
#351,388
Oct 28, 2010
46,526
#351,388
In january Florida was the perfect amount of chilly and not hot. Even went to the beach and it wasn’t too cold. The rain is unpredictable so there’s that
 
Fred

Fred

Senior Member
#351,393
Oct 2, 2003
41,113
#351,393
Seven said:
I agree completely.

Just so we're clear though, I do think we should hold these companies accountable for their behaviour. Johnson and Johnson for example often strong-arm Belgium in getting tax benefits because they know they are an important employer here. It's understandable behaviour, but it isn't right.
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Of course.

pitbull said:
But doesnt that create big inequality? I cant prove it, but I think nowadays a lot more people die or have serious health problems because they cant afford healthcare products and services compared to people who die/have serious health problems due to diseases that dont have a pill, but might have in the future. Besides why would you be happy at shareholders pocketing 16 billion profit? Im sure they need it a lot less than people they made the profit from :D
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Quality of life, and life expectancy are better in our time than we've ever had it, so I don't think thats true at all. Moreover, I think you are being unrealistic, it is human nature for us to value our self interest first and foremost, if the fulfillment of that self interest also leads to more money going into developing drugs and medicine then all the better. You're being unrealistic if you want pharmaceutical companies to not make profit, or not that much profit and expect investors to still pump money into R&D and things like that without expecting any kind of return. If that were possible then we'd have successful state owned pharmaceutical companies, but we don't and we won't for obvious reasons.
 

pitbull

Senior Member
#351,395
Jul 26, 2007
11,045
#351,395
Fred said:
Quality of life, and life expectancy are better in our time than we've ever had it, so I don't think thats true at all. Moreover, I think you are being unrealistic, it is human nature for us to value our self interest first and foremost, if the fulfillment of that self interest also leads to more money going into developing drugs and medicine then all the better. You're being unrealistic if you want pharmaceutical companies to not make profit, or not that much profit and expect investors to still pump money into R&D and things like that without expecting any kind of return. If that were possible then we'd have successful state owned pharmaceutical companies, but we don't and we won't for obvious reasons.
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I think investors would still give money to important R&D research if their profit margin wasn't 23% :D We're not talking about small profit here, Johnsons and Johnsons was one of the most profitable companies in the world in 2017 right next to banks and oil companies. I know I'm being a bit idealistic, but they're being very cynical
 
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