this post was submitted on 05 Aug 2023
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Capitalism CookBook: Take an invention which the inventor wanted to be accessible to everyone and make it 57 times more expensive than it costed to make it ๐Ÿง๐ŸŽฉ (i.imgur.com)
submitted 1 year ago by CyberGhost@lemmygrad.ml to c/memes@lemmy.ml
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[โ€“] theYogiB@lemmy.world 11 points 1 year ago

Do you know how little of their own money pharma companies spend on R&D? The majority of their budget is for advertising and marketing. Most of their R&D budget is from government grants i.e. taxpayer money. Meaning more often than not you are paying twice for life-saving drugs.