Free Market Failure?
The pharmaceutical companies profits have been rising faster than the S&P Industrials as a whole, mainly due to huge profits from drug patents. Not only are the drug companies milking American consumers, but their stranglehold on IP rights to new drugs prevents much-needed medicines from being affordable in many third-world countries. But, we can't take away patent rights or investors would flee the drug scene and new drugs wouldn't be developed at all. How do we solve this problem? The only institutions with the financial resources to do the same research as drug companies are national governments. And they have the obligation to protect the social welfare. Should we turn over pharmaceutical research and development to government?
posted by daveadams on Mar 27, 2001 - 17 comments

Altavista to become only search engine
Not really, but they do plan on enforcing several search-related patents that they have, hoping to increase revenue by extorting other search companies. "We believe that virtually everyone out there who indexes the Web is in violation of at least several of those key patents.... If you index a distributed set of databases - what the Internet is - and even within intranets, corporations, that's one of the patents," says CMGI CEO David Wetherell.
posted by daveadams on Jan 18, 2001 - 25 comments