'That's The Story Of Socialism!': Rand Paul Makes Emphatic Argument Against Price Controls
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- čas přidán 9. 02. 2024
- At Thursday's Senate Health Committee hearing, Sen. Rand Paul (R-KY) questioned big pharma executives and railed against socialism and price controls.
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One of the few good, decent men in DC.
Rand Paul and Ron Paul are REAL PATRIOTS 🇺🇸 Thank you sir. 🙏🏻
Can you even give me the definition of a patriot
@@davehuber6949 "Patriot--Any persons fighting against Wokism, Big Government, and/or other Leftist agendas. Any person who fights against elitism, threats to our national sovereignty, Globalism, and other's whose goal is to take away our Constitutional Rights, Liberties and Freedoms."
a patriot is someone who supports the common good of the people over the authority of the state actually.
that how our founders saw it but you are barely educated so why bother.
oh and no i dont support woke nonsense anymore than i support you remaking definitions to suit youre opinion.
@@zytebac
@@bastait A Patriot knows that there Must be a system of authority established in order to support the common good of the Society as a whole. A Patriot must also recognize when the state's authority exceeds the will and needs of the people in that society, and act to replace that authority.
THAT is what our forefather's intended!
In this country the left is putting the needs and wants of a Few individuals over the needs and wants of the many. Over what's good for our society as a Whole. It's our patriotic job to preserve our society as a whole, and Rand Paul is a Patriot for trying to do that.
oh right cause the founders wanted that right oh wait no they specifically spoke against ultimate authorities.
youre talking rhetoric.
cause its all you damn know.
@@zytebac
Boy, this man is simply amazing.
Senator Rand Paul is extremely smart and on point.
Love his personality and he’s so on point
Big Government chronies hate him because he spits facts almost every time he speaks on Capitalism
More concerned about Government funding Big Pharma..........Pharma doesn't operate under a Free Market in the US.
Which is why there's no competition for producing these drugs which is why the prices of these said drugs are so high because these cartels allied with the Government get to lower supply and raise costs.
Thank you Dr Paul! speaking the truth to these US Senators MAY help them to understand... we can only hope!
Thanks Dr. Paul. Speaks the truth.
Exactly, communists stay hating
I visited Havana Cuba many years ago, and I was shocked to see how empty the shelves were at their grocery stores
Then people talk about the "free healthcare” over there. Imagine being malnourished, but having government, tax payer paid doctors everywhere. Looks like a misallocation of resources to me.
❤❤❤ RAND PAUL.Thabk you Mr.Paul❤❤
That was very interesting!Thank you, Senator Paul! 🙏
Senator Rand Paul thank YOU! Thank you! So well said!!! Thank you for educating congress!!!!!!
Its RICH to have non business people telling anyone how to run a business!!!
He was a rich kid he went to collage to become a eye doctor must nut have Ben good at that now he is a politician and isn’t very goat that
All price controls disenfranchise real property owners. That includes price controls on rent, and price controls on drugs. It’s the same, and it’s a war on personal property
Socialism: "You line up for bread."
Capitalism: "Bread lines up for you."
Thank you, Mr. Paul!
No price controls!!!! Open up the market so companies can shop around. Free market.
Yeah. Have the tax payer help fund these large companies. Even better let them charge Americans more than when they sell it to other countries.
Free Market in one ideology is freedom to enter a market and charge what you can.
Free Market in another ideology is to be free from govt regulation and freedom from competition.
Guess which ideology the Trillion dollar industry, which has 3x the lobby/capita, has convinced RPaul here to champion for?
How did they convince him?
With good economic ideas?
Right on target Ron Paul.
Rand Paul Rocks
Great speech 👍
Rand Paul has been consistently doing this for decades now. Big fan of his. One of the very few representatives I believe have good intentions.
Probably because he's a real doctor of medicine
Bernie Sanders has been advocating for this for years!
My Momma told me, you better shop around...
@@michaelccopelandsr7120Are you being sarcastic? Bernie Sanders has been doing the exact opposite of this for years. Rand Paul disagrees with Bernie 100% on this. Bernie wants price controls.
@@MRkriegs Let's put it this way, I'm willing to bet Pelosi won't show her face for any of this.
Agreed. But how about drugs that have been around for years and are relatively inexpensive. Hence another company buys them and the price quadruples? Epi-pens is just one example. Eloquist is another. There was no upfront research cost when these drugs were repurchased. How is the exorbitant price increase justified?
Quality of the product might be better with the exorbitant price increase, or there's no competition in the market for said drug, therefore a Cartel can lower production, lower supply, then raise the costs. Basic Economics. Read some Rothbard
@ancapgrandscribe9546 "might be better" please give me an example of a drug that was bought and gouged that has actually increased in effectiveness or has reduced side effects.
Keep them on the edge of their seats Rand. It makes them nervous 😂😂😂
But that is socialism.
Companies can fix their prices at what they need to make a profit.
And all of this is because social security pricing guidelines
RAND Paul ❤❤l❤
The man!
Thank you Rand Paul for standing up for our wealth-creating economic system!
So brilliant.
Rand Paul 😎👍🇺🇸
The man with one eye is the king in the land of the blind
list all of the people who are for socialism and who of them have lived in a socialist country,
Many Democrat Party Politicians, Officials, and Voters, and zero who have actually walked the walk
Love Rand Paul. And he's right-- Socialism SUCKS. It sucks life, money, motivation, etc.
Sky high CEO/share holder compensation is ok?!
I love that Merck is donating Ivermectin to poor countries, but WHY is it so expensive, hard to obtain, and prescribe in America?
I'm a veteran. Told I have leukemia. No treatment for me. Once again, since this plague stuff, my number was blocked. Would other people be angry if THEIR leukemia went PROPERLY AS THEY SAY, diagnosed and treated? I'm dead like this, trying to hold on but I fear it's way to late. What do the veteran's do? I understand the illegals are getting MY care.
WHAT DID HE SAY. THIS WOMAN IS A WOW
Let businesses be business.
Well the upside of not having eggs, no egg farts.
Paul fails to consider the drug companies monopoly - which is not capitalism. Nor does he ask why ONLY the US patients pays for the research.
Brilliant comment! We pay the R&D and the rest of the world reaps the rewards. Paul does not take globalization into account in his analysis.
@@lisarozzz for sure. Some of those prices are ten times lower in Canada and Europe.
Friedman also said this: "If you put the government in charge of the Sahara Desert, there would soon be a shortage of sand." Government price fixing spreads destruction in every direction. ICC not allowing RRs to abandon unprofitable branch lines for around 100 years until RR were deregulated basically bankrupted the RRs. Then the ICC tried to regulate freight rates! If the USSR could not correctly fix prices, why would ANY government bureau think that it could do a better job?
Texting behind him as he speaks should have you removed
There has never been an example of government meddling in the economy that actually improved anything and very few that didn't end up making things worse.
Those who offer price controls as a solution to their own bad policies should be expelled and black listed from all levels of government.
As much as i love rand paul he has shares too. I mean fair enough i guess if everyone else does but still not a good look.
Shouldn't Crony Capitalism be referred to as Corporatism? It would help differentiate the 2 terms.
Prices are signals of real economic conditions; it is not possible to change reality by manipulating signals.
The United States is paying the Research and Development cost for the whole world. Every other country negotiates drug prices after we pay to develop them. This seems unfair.
Maybe the US needs to stop allowing other nations to set price controls, that affect us here.
How would we do that? Other countries have their own rules and regulations!
I would bet big money that all his information came from some drug lobbyist. Might check out his donor list. It's like I had an employee that was getting a particular drug, if insurance paid for it it was $35.00 if he paid for it it was $3.00. In the last 5 years there are more ads for drugs then ever before. Does a doctor get a kickback for prescribing them. There is a lot more going on there than we are seeing. I don't see too many drug companies going broke.
😂😂😂
I suppose you didn't see him tearing into Big Pharma during the pandemic.
Sen. Paul, would you please explain why a drug that I took for over eight years went from less than $1 per tablet to over $10 per tablet in that eight-year time period?
Would you also explain why for years Medicare was not allowed to negotiate with drug companies over drug prices?
Would you also explain why as Medicare recipient, I am now no longer allowed to utilize drug manufacturer discount coupons? If anything, why are the discount coupons not credited to the price that Medicare pays?
You make an excellent argument but it has a hole in it that a fleet of trucks can drive through.
Tell me your in favor of massive corporations without telling me your in favor of massive corporations
There's that strange woman/robot in the background...... Second time I've seen her... she's a bit disguised here...
Remember? She didn't blink etc...she truly freaks me out.....
Totally agree with Rand, BUT if it's "against the law to not get the maximum profit", and "there's no morality in figuring what the profit could or should be", why doesn't every biz owner simply destroy the lives of all of their competitors (while staying within the letter of the law?) Then their profits could and would end up going sky high? Our country as built on morality and doing away with it, has been a disaster. John Adams: "Avarice will break this Constitution like a whale breaks through a net" and "This Constitution is for a moral and religious person and is wholly inadequate for the governing of any other".
Epipens are $750!
They’re less than $100 in every other country but the US. Make this make sense?
Rand Paul knows what he’s talking about when it comes to the price of medical care and medicines. He’s knows these things because he’s a physician himself who’s run a business in the past providing medical care for people. All these people who are talking about price fixing for medical procedures and drugs know nothing about running a business nor do they understand how and why capitalism drives innovations. And he just proved it.
Socialism NEVER works because it isn’t compatible with realistic human nature and people by their very nature want to make a profit. If there’s no gain for doing anything, what’s the point of innovating?
Few ask for socialism. Capitalism is important. It’s just hard to see any other industry that preys on Americans more than the pharmaceutical companies. Insulin is the best example of this.
Healthcare is a an essential service, much like infrastructure and security which a State should provide for from tax revenues.
Leaving everything in the hands of capitalists is logically wrong and the state of the infrastructure and health systems in the US is the living proof of this.
The natural conclusion of Senator Paul ' s presentation is "with great power comes great responsibility".
If he is going to cede the power of capitalism to these pharmaceutical companies, then both the Senator and these companies have the responsibility of making the meds *_both_* available _and_ affordable. He is dreaming in technicolor if he thinks that's the case currently.
He's right about capitalism, but there is also human greed and collusion to destroy competition. Though how you balance the two is a mystery. To me, at least.
And a good part of why prescription drugs cost so much for Americans, is Europe's and Canada's price controls.
'That's The Story Of Socialism!': Rand Paul Makes Emphatic Argument Against Price Controls
So is government health care. Not just government price controls. Government public sector by Constitutional law of a free market economy is required by Constitutional rights of business "entities" to stay out of the private sector. There can be no innovation and competition to lower prices and improve products and services with unlawful government controls and monopolies that violate the rights of business entities.
It is my understanding that some states are prevented from buying drugs from wherever they may choose. It smacks of the cronie-capitalism he hates. Work on that issue first
My gosh people , can't you understand what senator Paul is saying. Great Senator in my view.
Yeah the government has no right to tell companies how much to charge for drugs they created...unless they received government subsidies for drug development. Also I live near Ashland, KY can you do something about our public health? I'm just saying i'm seeing a lot of stores pop up for just prosthetic limbs that's probably not a good sign, right?
Economic collapse countdown 😢😮
Corporations don't manipulate congress, they are merged.
well then use what u have already the anti trust act Sherman style I wanna see those competition or it's game over. Invoke anti trust laws n get the game on.
Look at Meta, what improvement to society are they providing? Or are they the downfall? Are they making a profit? Think about it. #2020Reality
Would colnial patriots allow this
What good did all that rhetoric do you
We made them rich by believing in their sorceries. Pharmacia anyone? Take a pill and chill Jill!
Someone has to explain to me how a senator like Rand Paul is not running for president. He’s probably one of the smartest men in the Senate and undoubtedly the most responsible senator in all of the government. Rand Paul for President in 2028!
Rand Paul way can I go to Mexico and by the same drug from the same company for pennies on the dollar and we are still waiting on the trickle down affect to start we have Ben waiting fore over 20 years
Paul gets it. Capitalism has failed because of government intervention.
Socialism and Free Market Capitalism both have Failed.
We need new kind of NATIONALIST CAPITALIST System that Promotes Trade but also does not Offshore Manufacturing Jobs and does not promotes cheap Mass Immigrant Labor.
Note: We had that kind of System in America before the 1950s when we had Large Scale Manufacturing Industry and absolutely NO IMMIGRATION from Third World Countries.
Who built the railroads? The Chinese, many dirt poor Irish immigrants came in waves, I I don’t know what history you are thinking about.
@@lisarozzz We had Chinese Exclusion Act in the 19th century that Barred Chinese from entering the United States for more than 50 years, and secondly as far as the Irish they are part of our European Heritage, so they ain't a Problem, anyways Irish or Irish-Scottish people have been Migrating to America since the foundation of America, so the Irish or other White People are part of our American founding Heritage.
Note: America was founded as a country for White People, the 1790 Immigration act or 1795 immigration act that restricted American citizenship only for people of European Origin is proof that founders intended America to be only a country for the people of European Origin.
NOTE: in fact Immigration from third world countries only legalized after the 1965 immigration reform act
therefore This country of Immigrant thing that started in the 20th century is nothing but BS.
Genius- they go offshore because we don’t have freedom in America. Think before you type
@@lisarozzzthe Chinese built the govt railroads. The private railroads didn’t exploit immigrants
Why don't you tell them who pays for all that research and development that the pharma benefits from we do the American tax payer and yet we pay the most money for our prescriptions than any country in world. Sorry but I don't think capitalism is the answer in this respect these companies have raked in billions over the years it has end.
He is a smart american but he would be an intellectually challenged man in europe
We need TRUMP back he is a business man
With how many bankruptcies? He’s a terrible businessman 😂 The RNC only has $8 million because he keeps robbing the till. Why pay $275,000 for Melanias stylist last year? Read the books…
Why, then, is the GOP complaining about high prices? Eggs, toilet paper, baby formula, etc. Prices are high because businesses want higher profits.
Because they can say Biden bad. Biden wants to cap some prices negotiate etc.
No, it's because the federal government printed up trillions of dollars in 20 and 21. Inflation is caused by one thing only, government.
Did you miss Econ 101? This is like saying gas prices are high because gas stations want to make more profit. Think before you type
Prices aren't going up, your dollar has less purchasing power.
If socialists understood economics they wouldn't be socialists.
Like fairly taxing the rich so we could have free health care and education is an evil thing.
You're defining socialism. The rich pay 37% tax rate for Federal taxes.
49% of Americans pay no Federal taxes at all.
Not much room for freebies.
This comment is embarrassing. Just stop.
Did Rand ever register his toupee as a foreign agent?
Did the DNC register Joe Biden as one? 😆
Did you register your merkin as one?
As a European, I can tell you something. I have never EVER paid more than 20 bucks for medicine.
My mother had thyroid cancer in 2000 (!) and she didn't have to sell a house for the therapy.
People need to understand that the real problem isn't capitalism itself but the unmoral standards of it.
And Senator Paul: With all due respect, stop fetishising capitalism just to prove a point. Everyone knows that socialism is bad.
Thank goodness , that your friend is alive due to that medication. But: If I had the money for it, I'd bet $1.000.000 that this friend had no problem affording the sky-high price!
I think that the US is a great country full of great people.
However, the whole entire health system in the USA is a pile of crap. Here is why:
Eliquis price:
USA: $7,100
France: $650
A birth of a child:
USA: $7.500 (Acc. to Statista.com)
Germany: $2,448
Cost of the ambulance, to bring you to hospital:
USA: $940 to $1,277
Germany: $12 (Yes, that's correct)
THAT'S where congress should start. But if Trump's coming back, forget about it. Lol...