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Pfizer says it will price Covid treatment Paxlovid at nearly $1,400 for a five-day course, which researchers estimate only costs Pfizer $13 to produce. That's a 10,000%+ markup. Shameful. (mastodon.world)

submitted 11 months ago by i_have_no_enemies@lemmy.world to c/technology@lemmy.world

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[–] Maggoty@lemmy.world 1 points 11 months ago (1 children)

I agree that the problems aren't just in Capitalism. However, the country with the unofficial historical tagline, "and then it got worse", may not be the best example. I think China is a really good example of influence peddling outside a free market.

[–] vacuumflower@lemmy.sdf.org 2 points 11 months ago

Well, China, when its ruling organization still had some consistent ideology, was a copy of Stalin's USSR, bigger and weaker, give or take. Only it started later.

Its way off that track started with reforms like Kosygin's reforms, would those not be neutered.

I'd say the reason in China this happened was exactly that it was bigger and weaker. It didn't quite have anything like Soviet industrial establishment, and it had the issues of poverty, hunger etc.