Reading Notes September 26th

Reading Notes September 26th - Carter Whittington Jordan...

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Carter Whittington Jordan Radke Soci 415 26 September 2011 Reading Notes 9/26 In this chapter McMillan discusses the idea that those who can’t afford medication will die. He shows this by talking first about the AIDS epidemic in Africa and how a new drug that came out reduced AIDS deaths by 70 percent, but only in affluent countries. His basic argument is that the market must be reshaped in order to make drugs more accessible to those who need them. He talks about how patents in the United States drive innovation, but also make prices incredibly high. If there were no patents, drugs would be cheaper, however, drug companies would not have an incentive to produce them because their profits would not be favorable. His basic question is whether or not drug companies should act humanely or act in accordance with the market that they are in. He discusses the pros and cons of eliminating patents with several examples in developing countries. Adam Smith argued that the profit motive led individuals to pursuits that benefit society. I
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This note was uploaded on 12/08/2011 for the course SOCI 415 taught by Professor Margarita during the Spring '09 term at UNC.

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Reading Notes September 26th - Carter Whittington Jordan...

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