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To: Road Walker who wrote (183417)2/3/2006 3:19:19 PM
From: TimF  Read Replies (1) | Respond to of 186894
 

Where did you get all that? I'm talking about governments as customers. The drug market has organized itself in that way for a reason...


The drug market didn't organize itself that way. Countries governments organized themselves that way and imposed that preference on the market.

The US has decided not to participate in the open market...

The foreign countries distort the market with price controls (both direct controls, and indirect actions that effectively function as controls). The US has an open internal market (with the exception of patent rights that the other countries also have). Markets depend on price signals. Price controls distort those signals. If we import and re-import price controlled drugs in large quantities we effectively import the price controls and destroy our own price signals and thus our own free market. The idea of an "open market" that has price controls doesn't make sense. You have to get rid of the price controls to really have an open market.

Tim