Not saying there weren’t a lot of negative consequences.
My argument is:
Capital markets increase the rate of medical advancements >>
Fiat games “juice” capital markets (with bad consequences, sure) >>
Pharma/biomed is uniquely sensitive to “juicing” because it would otherwise be unattractive to investors (high failure rate, astronomically expensive research costs >>
Insurance model decreases consumer price sensitivity and obscures money allocation, which allowed healthcare to be inordinately profitable. Proceeds from this can then rotate back into research.
Of course, eventually this destroys price signals and feedback loops, but initially it supercharges things. Thus the faustian bargain
monk_cactus /
npub1pk…32y4t
2023-09-16 22:30:04
in reply to nevent1q…94jm
Author Public Key
npub1pkj5lugwrychstydkt9h2xdzst9ejreemleh3hz69nr85cmegqrs232y4tPublished at
2023-09-16 22:30:04Event JSON
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