As if they haven't done enough to prove their stupidity lately, the Greek government has decided to order a 25% reduction in the price of all medical products sold in the country. This has caused the leading European Insulin maker to pull it's product from Greek shelves, since they would then be forced to sell at a loss.
Insulin giant pulls medicine from Greece over price cut
Once again, as if there were any doubt, price fixing has led directly and immediately to shortages. The same as it has the last 20 gazillion times the socialists tried it.
Can't these people ever learn anything?!
2 comments:
The move is condemned as "brutal capitalist blackmail".
Yeah? Then why dont they just boycott all bad capitalist funded medication? That will probably fix the whole mess really quickly.
They may not have a choice.
The numbers I've seen on their temporary financing package all seem to indicate that they can't EVER hope to pay back the debt. They're going to have to restructure, and that means a dramatic increase in the cost of capital for anyone in Greece, and an equally dramatic fall in the Greek living standard.
They don't realize that you can't be a socialist without also having capitalists around to pay for everything for you. Someone has to do the actual work and lord knows the socialists aren't going to.
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