Elizabeth Warren Introduces Legislation to Create a Government-Run Drug Maker
Yes, this is a real headline. This did indeed happen. This is not The Onion. A government run pharmaceutical company has been proposed by a legitimate threat for the US presidency. This is still the United States.
The socialists seem to think that 2008 gave them license to forget the lessons we learned about socialism.* Socialism is a dead end. The government shouldn't own ANY companies. Not in this country anyway. Can you imagine the level of crony capitalism that would surround such a government owned drug company? It would be off the charts.
Democratic Sen. Elizabeth Warren introduced legislation on Tuesday that would establish a government-run pharmaceutical manufacturer to effectively compete with the private market.
The Affordable Drug Manufacturing Act seeks to address the increasing prices of prescription drugs by injecting competition into the marketplace, consequently lowering the cost of mass-produced generic drugs. The bill would create the Office of Drug Manufacturing, which would be housed within the Department of Health and Human Services.
*The Crash of 2008 was CAUSED by central planning from the Fed and the federal government by the way.