The American pharmaceutical system is a highly controlled apparatus for restricting access to much-needed drugs and violating the rights of those who want to purchase them. This has long been true.
Vast amounts of those drugs that people should be permitted to purchase of their own free will are withheld from the market. Instead, people who know what they need are forced first to fork over to a physician — who then gets overpaid by insurance — then part of the buck is passed to the overtrained checkout clerks at the pharmacy. We are all treated like babies in order to sustain and fund an industry filled with bamboozlers in white coats.
The commercial Internet in its early days (perhaps 1998 to 2008) represented a wonderful alternative to this apparatus. Suppliers all over the world popped up to give us what we want, bypassing the whole cage of government regulations and private monopolists who rule them like prison wardens. You know what you need, so just click and buy it!
So the pharmaceutical industry solicited the help of government. Together, they worked to crack down on "counterfeit" medicines — meaning the real thing that bypasses patent restrictions and supplier monopolies. In their view, people must not be allowed to get prescription medications without doctor approval — or else an entire fake industry could collapse. So they banded together and instituted a medieval guild system for the digital age.
Wednesday, May 18, 2011
The Google Pharm Case - Llewellyn H. Rockwell Jr.
via mises.org
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