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Milton Friedman on Libertarianism (Part 2 of 4)

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RCO64

What are the elements of the libertarian movement and how does one of its most illustrious proponents, Milton Friedman, apply its tenets to issues facing the United States today? Milton Friedman, S...  
 
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undermyvoodoo22 (9 hours ago) Show Hide
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How is that a problem? The CEO isn't inventing the drug....
The corporation has to pay the CEO that much money to entice them to work there. What is your point?
homer30 (1 week ago) Show Hide
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Libertarian Socialism is the future
tifforo1 (1 week ago) Show Hide
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One problem about the pharmaceutical companies:

The executives can announce a drug and release it, causing the share price to go way up. When that happens, their options appreciate in value and they collect millions. Then,if the drug is bad, the company gets sued, but the lawsuit might not get finished until the CEO has reached retirement age and left the company.
kingofmilwaukee (1 week ago) Show Hide
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So what? What is the alternative? Government control? How is that better? The stock market punishes companies that do that behavior, as it is supposto do. It does that role better than government.
tifforo1 (1 week ago) Show Hide
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The alternative I was referring to was not "government control," but rather the current system by which drug manufacturers must have a clinical trial showing their drug to be effective before they can receive FDA approval.
OutdoorsBlackMan (1 week ago) Show Hide
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If you know that a drug is harming people, would you CHOOSE to take it?
nexus411 (2 weeks ago) Show Hide
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take a look at social security. u say it's helped millions. but is that so? or has it helped say 5% of the population at the expense of taxing (forcefully taking) money from 100% of the nation. on that note, is social security efficient? or is it jus a massive ponzi scheme where ppl at the top benefit from ppl on the bottom entering it and paying it? who is helped? who is hurt? most importantly, could it b better w/o gov't?
Alkarin11 (2 weeks ago) Show Hide
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Milton Friedman almost sounds like a socialist...almost. not quite.
spleenbuster (3 days ago) Show Hide
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you clearly have no idea what a socialist it.
JacobRainey08 (3 weeks ago) Show Hide
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Look at history. A company can not hold power without the consent of the people - unless there is govt involvement. Why would it be in the interest of companies to have high cost for prescription drugs? No one could afford them. But when the govt mandates insurers to cover them, prices go up because someone else is picking up the tab.

Look at the causes, not the symptoms. Govt involvement causes problems. How can expanding the cause of the problems be a solution? Mask it maybe...but not fix it

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