exactly

It can't be a monopoly if anyone can enter and compete.

market entry is a very big problem and it is the center of the regulation debate in my view

Doesn't mean just anyone has what it takes. 😉

BOSE was a monopoly in electronic noise cancellation for years in Germany
No one cared, because BOSE did not use their monopoly status to squish their competition in unfair ways
Competition grew naturally and the issue resolved itself

voila

pharmacuticals are a classic example

But Bose chad company

Indeed.

Bose?

Some soylent night just be like

Böse? Haha

Screw democracy everything mine

The health insurance industry is another, @ManAnimal.

Which is why we have laws

I'll call my company eevel

Christ, don't get me started.

BOSE has an owner with a functioning ethics in his head. He is simply not a psychopath

Oligopolies everywhere.

on the front end, you need massive profit incentive to encourage the development of high tech drugs requiring massive risk and capital investment

but they you also want competition to drive down manufacturing costs

Pharma bros are the worst

but once a company owns a patent, they won't GIVE that info to manufacturers to drive down that cost

Taking profits from people that are on the verge of death is the lowest form of scumbaggery there can be

Pharmacy companies in general are just sus piles of garbage like even without a monopoly

I don’t trust one

the patent is both the incentive to take the risk AND the barrier to making the drug affordable

Patent right needs an overhaul

It lacks balances to prevent abuse

i never 'trust' a company

As evident by Dysney just cockblocking everything for no fucking reason

I tend to agree, Uksio, but you have to remember there is still scarcity in the market, as with any other, and you'll end with shortages, if you intervene in a manner circumventing profit incentives and so on.

i expect a company to be an asshole if it can get away with it

Yup

make the rules so they can't

Nature of people is greed

So, if you do that, you'll harm innovation.

In the long term, more people then die as a result.

The issue is any law that stops bad people could also stop the good ones

You don't need to interveine

Just introduce checks and balances