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8 September 2016

Libertarian right almost criticizes crony capitalism

The Blog


To demonstrate the libertarian right's failure to ever acknowledge wrongdoing by big pharma and their cronies in the US state, Kevin Carson criticized a recent Reason article.


The libertarian right-wing Reason article, while focusing blame on government regulations rather than the greedy corporations lobbying for regulations, discussed the scandal of Mylan N. V.'s high pricing of EpiPens - a type of medical auto-injector.

The high pricing happened because, as Carson explains, "FDA regulations are specifically tailored to Mylan’s product specifications so as to give it a de facto monopoly on the EpiPen". No one can compete, allowing Mylan to change any price it wants.

Authored by Nick Gillespie, the Reason article had stated, "Mylan isn’t taking advantage of customers. It is simply working a political system to its own advantages."

Kevin Carson countered, ") Mylan is taking advantage of customers by charging an enormous monopoly markup on EpiPens; 2) Mylan lobbies the government to create a rigged monopoly market so it can take advantage of its customers in this way."

Carson sees a persistent denial on the part of libertarian right ideologues to acknowledge how most successes of corporate capitalism depend on the "rigged monopoly" described above. He also draws attention to the way many right libertarians often criticize the market as not being "free" enough, yet cite the same US corporations who stifle competition as examples of success in the free market.

Full analysis: Say the Words, Nick. SAY THE WORDS!!


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