Under the market system, there is demand for a product if a lot of people want it - but that demand counts for nothing if those people have no money.… - Linda McQuaig
" "Under the market system, there is demand for a product if a lot of people want it - but that demand counts for nothing if those people have no money. If they lack money, their demand essentially doesn't exist...This explains why the drug industry is not investing money to develop a cure for a disease known as sleeping sickness, which leaves its victims in a coma. The disease...killed 66,000 people last year and threatens to infect 60 million more - but the only people who are afflicted by it are poverty-stricken Africans with no clout in the marketplace. Interestingly, there is a drug called eflornithine that is effective in lifting victims out of their comas. But drug companies stopped producing eflornithine in 1995 because it was no longer profitable to continue. The drug was still desperately needed, but only by people without money. So, following modern market practices, these people were simply left in a coma.
About Linda McQuaig
Linda Joy McQuaig (born 1951) is a Canadian journalist, columnist, non-fiction author and social critic.
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Additional quotes by Linda McQuaig
[George W.] Bush explained that he wasn't willing to take the steps outlined in the Kyoto accords - steps that both the scientific world and the international political community had agreed, with a stunning degree of unanimity, were necessary for the future viability of the earth - because he wasn't willing to jeopardize the rate of growth of the American economy. In what sense is this a rational position?
Private courier companies are fine to handle the lucrative parts of the [postal] business. But they have little interest in servicing remote communities, so these areas get poor or non-existent service. Similarly, leaving health care and education to the private marketplace will result in fine services for the affluent but leave many others without access to decent services (or in some cases any services at all). While this kind of deficiency is bad enough when it comes to postal delivery, it becomes downright serious in areas like health care and education.
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