Skip to content
quotesby

Under the market system, there is demand for a product if a lot of people want it - but that demand counts for nothing if those people have no money. If they lack money, their demand essentially doesn't exist...This explains why the drug industry is not investing money to develop a cure for a disease known as sleeping sickness, which leaves its victims in a coma. The disease...killed 66,000 people last year and threatens to infect 60 million more - but the only people who are afflicted by it are poverty-stricken Africans with no clout in the marketplace. Interestingly, there is a drug called eflornithine that is effective in lifting victims out of their comas. But drug companies stopped producing eflornithine in 1995 because it was no longer profitable to continue. The drug was still desperately needed, but only by people without money. So, following modern market practices, these people were simply left in a coma.

Linda McQuaig#10

HealthcareMarketMedicineNeglectProfit

About this quote

What does it mean?
Market demand requires money, so diseases affecting only the poor are ignored by drug companies.
In plain terms
Pharmaceutical companies only treat diseases if patients can pay.
What can you take from it?
Profit drives drug development over need.

Where it applies

  • healthcare access
  • drug pricing debates

Putting it to work

  • advocate for neglected disease funding
  • regulate drug pricing

Questions to consider

  • Should health needs drive investment regardless of profit?

Another view

Some argue private investment is the only way to fund R&D.

More from Linda McQuaig

  1. Not only has capitalism failed to bring us to the brink of a scarcity-free world, but in a sense, you could say that capitalism invented scarcity - at least as…

    Permalink to quote #9
  2. [A]s things now stand, the case that capitalism will make the world - not just the West - materially better off has simply not been convincingly demonstrated. …

    Permalink to quote #11
  3. 'Short-term inequality remains a problem,' writes [right-wing scholar Dinesh] D'Souza... 'but is it a problem we can live with?' ...After searching his soul fo…

    Permalink to quote #8

Related quotes

  1. Cancer research is a growth industry.

    George CarlinGeorge Carlin quote #127
  2. We went through the records and we found over five hundred of his patients who were alive and well five years after their treatment, with no cancer. And Dr. Bu…

    Gary NullGary Null quote #1
  3. It is when physicians are bogged down by their incomplete technologies, by the innumerable things they are obliged to do in medicine when they lack a clear und…

    Lewis ThomasLewis Thomas quote #2