, Columnist
You Don’t Need Profits Anymore
Also Tesla profits, Lebanon’s central bank and Australian securities fraud.
Oh man I feel like I need to go down to Congress and explain some stuff:
Don’t worry, the thing I am going to explain is not Econ 101. I’m not going to go to Congress and be like “if you don’t let pharmaceutical companies make a profit on a vaccine that billions of people need, they will have no incentive to make it, so you will not get a vaccine and people will die.” I don’t know if that’s true—the federal funding is itself an incentive, as is the desire to save lives, etc.—but more to the point, you can get tons of people to explain it to Congress, there are people whose whole careers are just explaining Econ 101 to Congress, that one is boring and easy.