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Let me just throw this out: Say health care globally goes private, which is to say the government controls costs and pays all medical expenses. All of a sudden the profit margin drops drastically and the smartest kids today don't really see a big future in medicine, instead they go into law, or engineering. Also, the pharmaceutical companies profit margin drops big time and every big investor bails on thier stock. There R&D budget tanks and new medicines to fight diseases are no longer researched unless financed by some government department set up to invent new medicine which is corrupt so new medicines are super slow to get to market. Hey, our health care today is great and free. 30 years from today, our kids are grown up and living with our medical technology. This is not a far fetched scenario. If you take the profit away from an industry the industry will eventually dry up.
  • Posted 21 Dec 2007 12:32
  • By batman
  • joined 29 Nov'07 - 119 messages
  • Pennsylvania, United States

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Global Industry News
edition #1244 - 21 August 2025
In our feel good story for the week, we report on a donation from Wisconsin-headquartered Big Joe Forklifts to the University of Wisconsin-Madison’s College of Engineering, after discovering the institution was still using one of its 1960s walkie stackers... Continue reading
Movers & Shakers
Jan Zuurbier Jan Zuurbier
Global CEO, Swisslog
Board member, UKMHA
Strategic advisor, Roboteon
CEO Americas, Hai Robotics