Tuesday, April 28, 2015

Monopoly is Better as a Board Game

When it comes to monopolies, Pogge argues that the problem is "the monopoly pricing power [corporations] employ, even in the case of essential medicines, to incentivize pharmaceutical research." (31). Moreover, corporations find themselves in the moral quandary that "To engage in sustainable research and development of essential medicines, they must actively prevent poor people from gaining access to such medicines near marginal cost." (31). As the paper is written, however, it makes it seem as though there is a binary choice between changing the incentive structure and letting poor people die from preventable diseases. There seems to be other options, though. For instance, states could subsidize the first $X amount of sales in poor countries, allowing the company its profit while ensuring that poor people have access to the medicine.


More importantly perhaps, Pogge’s solution seems to replace one monopoly with a different one. If the central defect of the current system is the “monopoly pricing power they employ,” then how does replacing one monopoly for another actually improve everything. Perhaps the poor will have more access to medicine, but, if states (the other monopoly) opt to spend a low amount of money on drugs, pharmaceutical companies could easily begin to run into financial trouble. Any thoughts on the best way to deal with one of the two monopolies that seem necessary to exist?

2 comments:

  1. I feel like Pogge wouldn't consider these "monopolies" to be on level moral ground. His argument seems to instead claim that the human rights of citizens are violated (or at least not respected) when intellectual property laws are so strict that they restrict and deny those in poverty access to life-saving medicine. Even if we're talking about the legitimate and just rule of the state, Pogge not only seems to channel some inner-Sen from 11-13 when he speaks of the limitations poor countries face in exercising their autonomy, but believe that even if the state or ruler "has some moral standing," this consent to spend, in your case, a low amount on drugs, "still cannot waive supposedly inalienable human rights of his subjects" (13).

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  2. How does your first proposal avoid the kids of worries that he takes to doom differential pricing approaches and problems with the alignment of incentives?

    On the second point, and following Cole, a state does possess a monopoly on the use of force, but of course that is why we think that it needs to be accountable to the people to be legitimate. Moreover, such a state monopoly is presupposed by markets and market monopolies. There are no markets without property rights, and no property rights without states. Hmmmm...

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