Friday, December 9, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 
holidayextravaganza2016.pdf

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found


VideoLost: Black Lab, C.R. 416 and Hwy. 123, Stockdale, his family miss him very much. Please return, no questions asked, small cash reward. 281-825-6707.
*Includes FREE photo online! mywcn.com/lostandfound

VideoFound: Dog, chocolate color, on old Pittman Rd., be prepared to prove it's your dog, looking for owner. Call or text Tammy at 830-391-6662.
More Lost & Found ads ›

Help Wanted

Roper's Bar is now hiring bartenders, bar-backs, and waitresses. Apply at Roper's, 528 10th St., Monday-Saturday after 4:00 p.m.
Experienced mechanic on forklifts and man lifts, Class A CDL preferred but not required, must pass background and drug/alcohol test. Email resume to teika@oscenergy.com.
More Help Wanted ads ›

Featured Videos





Video Vault ›

Commentaries


Sanders, Clinton Would Turn U.S. into Venezuela




E-Mail this Story to a Friend
Print this Story

Disclaimer:
The author of this entry is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
February 10, 2016 | 1,504 views | 1 comment

By Robert Goldberg, Ph.D.

If you're outraged about prescription drug prices, what do you do? If you're Hillary Clinton or Bernie Sanders -- or if you work at the Center for American Progress, a progressive think tank -- you adopt the policies of that bastion of sound economic management: Venezuela.

Yes, that's right. To contain drug costs, the left is now advocating for the exact same measures the Latin American basket case has employed to control the price of toilet paper.

Ostensibly to prevent monopolies and price gouging, Venezuelan's socialist regime rigorously controls product pricing practices. The government audits the production, marketing, and development expenses for all companies and limits profit margins.

The regime claims prices and profits are negotiated to be fair to both consumers and producers. Companies found to be non-compliant are deemed to be a threat to the public well-being and face all sorts of sanctions, including a ban on engaging in economic activities for up to ten years.

The wonks over at the Center for American Progress and in the Clinton and Sanders campaigns are copying the Venezuelan authoritarian playbook with their respective healthcare reform proposals.

They call for the federal government to audit drug development costs and profits. Companies that set prices above a specific range would be banned from the market.

What's more, drug companies would be required to direct a minimum percentage of their revenue to research and development. Non-compliant firms would be subject to fines and possible federal prosecution.

A federal panel would decide which drugs are truly innovative and set prices accordingly. Any price that exceeds that ceiling by more than 20 percent would be presumed to be unreasonable. The government would be given the right to seize products and throw people in prison for pricing practices.

We've seen such policies in action in Venezuela. The results aren't pretty.

Take toilet paper. Venezuelan price controls have discouraged production, causing shortages. The ensuing scarcity has led to black markets and government property seizures.

When announcing the "temporary occupation" of one of the Paper Manufacturing Company's plants, Vice President Jorge Arreaza explained that the state wanted to review the "production, marketing and distribution (of) toilet paper."

"There is no deficiency in production," Commerce Minister Alejandro Fleming claimed -- merely "an excessive demand" -- caused by consumers stocking up on a much needed product whenever they can find it.

Rather than lift price controls to incentivize companies to produce the toilet paper consumers demand, the regime installed 20,000 fingerprint scanners in supermarkets and department stores to monitor how much people were buying.

Evidently, Venezuelans aren't supposed to take economic realities like constant shortages into account when they go grocery shopping.

There is a lesson to be learned here. Companies stop making toilet paper if government price controls keep them from making a profit on it. The same will be true for medicines, if the American left succeeds in imposing price controls.

Robert Goldberg, Ph.D., is vice president of the Center for Medicine in the Public Interest.
 
‹ Previous Blog Entry
 

Your Opinions and Comments

 
New Guy  
Wilson County  
February 10 at 2:58pm
 
Comparing toilet paper and prescriptions, how stupid.

Share your comment or opinion on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Commentaries Archives


Commentaries
Commentaries page govtrack.us
Commentaries who represents me?
Allstate & McBride RealtyHeavenly Touch homeVoncille Bielefeld homeFriesenhahn Custom WeldingTriple R DC Experts

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.