As I sit here coughing my guts up, I reflect on the fortune I have received on being born in America. Right beside me sit the anti-biotics I need to get better. I can't imagine not being able to access those drugs, because of someone's profit margin.
While I am skeptical of some of Stiglitz's plans for encouraging drug development for the developing world, I completely agree with him that reform is needed of the patent system. Information is key to markets, and while companies do have the right to their inventions, this right cannot be valued to the point of market monopolies and human suffering.
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