Tuesday, May 8, 2007

Senate Votes Against Imported Drugs Plan

"The Senate defeats an effort that would have allowed Americans to purchase prescription drugs from abroad."

HeraldNet: Imported drugs plan fails

America: bastion of free markets, right? Congress appears to be completely owned by the pharmaceutical industry (among others). Allow me to explain something...legislation that helps corporations is not capitalism, it is cronyism. Legislation that reduces barriers to free-markets is capitalism. Corporations hate free competition, i.e. capitalism. They use lobbying of congress for the very opposite of a free-market. The want special privilages and barriers put up to keep competiton out. Please keep these distictions in mind when reading stories like this.

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