2012 January 11 Wednesday
Greek Govt Creates Drug Shortage With Price Controls

In article about Greek parents abandoning children they can no longer afford a couple of sentences show that the Greek government is demonstrating the ability to make a bad situation even worse. If the majority of Greeks support this they deserve to go without drugs.

Pharmacists are struggling to stock their shelves as the Greek government, which sets the prices for drugs, keeps them artificially low.

This means that firms are turning to sell the drugs outside of the country for a higher price - leading to stock depletion for Greeks.

There's no excuse for such blatantly destructive policies.

One wonders: Do Greeks end up buying drugs from web sites to get shipped in from other European Union nations?

What I wish: that I could get a government as good as I deserve and better than the ignorant majority deserve.

Share |      By Randall Parker at 2012 January 11 09:42 PM  Economics Government Intervention

Kent Gatewood said at January 12, 2012 10:01 AM:

I keep forgetting about the second part of price restrictions. Supplies that get into the country are sold back into other markets at a higher price. I think this is or was happening in Egypt with price controlled food.

California kid said at January 13, 2012 10:42 AM:

"There's no excuse for such blatantly destructive policies."

There is. If you are Left wing, you operate in a different universe. You believe that production is automatic. No one you know, produces any products. Stuff just magically appears in stores. So if prices are too high, it must be because evil retailers are gouging everyone. So you control the evil retailers.

The Left really lives in a completely different universe. That's why separation is so important. If you want to have a good country, you must not let the Left wing in, or let in anyone who will vote Left wing. And you must kick out any Left wing types that appear. The USA did not do this, and that's why we are at the current situation.

PJ Ray said at January 14, 2012 3:11 PM:

California kid

You do live in a different universe kid. Is your daddy another rich parasite who suckles big from the big tit?
Yes, the universe you live in is called Disneyland or The Valley. Isn't it California kid?

bbartlog said at January 15, 2012 10:29 AM:

I wonder whether California kid considers the Roman emperor Diocletian 'Left wing'. Or Nixon. Or the government of Pennsylvania in the early Revolutionary war (1776-1777... in 1778 they wisely abolished price controls). Or Goering, or Hammurabi. The history of price controls is the history of hubris and economic ignorance, which spans the political spectrum.

California kid said at January 15, 2012 2:16 PM:

You seem upset at my use of Left wing. Basically every candidate running for office these days is Left wing. They all want endless immigration (a billion people here ? No problem), replacing the country of 1960. That's about as Left wing as you can get.

Nixon was not right wing. He did affirmative action for Blacks in 1969. The only good thing he did was to get us out of Vietnam.

Stephen said at January 15, 2012 3:01 PM:

"Left wing" a label applied to anything California Kid doesn't like.

Fred said at January 15, 2012 3:24 PM:

Agree with Stephen. In fact I think this California kiddy doesn't really know what left wing means and implies.

Mthson said at January 15, 2012 4:12 PM:

Poor economic reasoning like price controls might have a history across the political spectrum, but in the current period, it's definitely more often left-of-center, right?

Take rent-control, for example. The only reason nice places to live have crime is often because folks on the left believe society's lowest contributors should get subsidized housing there instead of having to commute into the area like everybody else. I know that's true here in San Francisco, Palo Alto, and neighboring cities, anyway.

solaris said at January 16, 2012 6:04 AM:

>"Agree with Stephen. In fact I think this California kiddy doesn't really know what left wing means and implies"

I think he has a better grasp of the topic than you do. As with so many other terms, the meaning of "left wing" shifts somewhat over time. It's not 1890 or 1930 anymore and "left wing" no longer means "old school communism". These days it means "cultural Marxism".

Randall Parker said at January 16, 2012 2:39 PM:

Seriously, how many self-labeled conservatives are in favor of price controls? If you look at rent control advocates or drug price control advocates just where are they on the political spectrum?

I realize you might consider yourself left wing and yet oppose price controls. But support for price controls is far more a left wing than right wing phenomenon and has been for a long time.

Check It Out said at January 16, 2012 6:55 PM:

Well, I'm left wing and I'm in favor of price control. I believe that it is not poverty that drives people mad, but inequality. We can see very low crime rate also in some poor countries like Cuba. Of course they are very poor, but at least they're all equally poor. So crime rate is low there just like in Scandinavia and other European countries up north. Equality is the word, I think.

saim said at April 23, 2012 11:47 PM:

But if the Greece government did not appoint biologic amount control, its already attenuate accessible assets for healthcare would be added strained.

Windows 8

Post a comment
Name (not anon or anonymous):
Email Address:
Remember info?

Web parapundit.com
Go Read More Posts On ParaPundit
Site Traffic Info
The contents of this site are copyright