Is the result of socialism

Change my mind

@wahx @Leo (BillNyeLand)

I'll pass, that's a pretty vague premise

So basically the reason why the drug prices, hospitals , insurance is so expensive is due to socialist intervention in the market

Such as regulation

strong regulation I should say

Patenting

Licensing

@wahx

Hi, why'd you tag me

Patent law is socialism now?

Yes

you are an idiot

Any intervention into the market is socialist

A socialist policy

Patents are inherently socialsit

It may not seem like it but it is

It’s a monopoly creator aswell

it only seems like it to you

It’s why the drug prices are so high

No

Capitalism is the free market

Prices determined without any state intervention

Anything interfering by the state is a socialist policy

Capitalism is a market framework made possible by several enabling laws: Property protection, contract enforcement, and IP protection (including patents).

No

I wish we could talk about specific regulations you dislike rather than these broad, sweeping statements about all of regulation. Although since you're against pretty much all regulations idk where to begin.

Capiralism does not require state intervention

any market economy is not a capitalist economy

You may mean that patent law is abused by modern corporations, but patent law itself is among the most *capitalist* laws

No

Because capitalism does not try to monopolies markets

wait what haha

Nor does it allow state intervention

Yes parents create monopolies

Yes it does actually, it allows both in great quantity

in what way does capitalism not try to monopolize markets?

no it does not

you don't know what you're talking about bud

as in it lets the free market determine prices and competition to occur