Capitalism is failing medical field -- Need to nationalize or make public medicine

The following is my comment in response to above video:

By Glen Wallace

It wouldn't have to be a public company. I often compare the idea of public manufacture and distribution of pharmaceuticals to the longstanding US Government Printing Office, AKA Government Publishing Office, that for many decades has manufactured and sold printed materials from pamphlets to books and sells those materials to the public. So we could potentially open a US Government Pharmaceuticals & Medical Devices Office that researches, develops, manufactures and distributes meds and medical devices at cost or no cost to patients according to need. But yes, regardless of what it is called, we need a public pharma that is patient need based instead of the current Big Pharma medical system that is market profit based. The current US medical system relies on the unsafe assumption that what is good for the corporation is also going to be good for the patient and the general public. We need only look at the price gouging with insulin to prove wrong that assumption of a symbiotic relationship between capitalism and good medicine. Insulin prices show there is often an antagonistic relationship between capitalism and good medicine. And yet most of the medical field mindset is in the monkey trap that traps the monkey by putting a sweet nut inside a cage, monkey puts its hand into a small hole to grab the nut but finds it can't get its hand out while its hand is clenched on the nut and is thus trapped by the cage tethered to the ground because it doesn't occur to the monkey to just let go of the nut. Similarly it doesn't occur to the vast majority of the members of the U.S. medical field and the politicians governing the field to just let go of the nut requiring meds and medical devices only be delivered by way of the capitalist market -- they remain fixated on the idea that they must have med products go through this Rube Goldberg device of capitalism first before the products can possibly get to the patients. And a public pharma shouldn't have to limit itself to just generic drugs. Laws could be passed exempting the public sector from patent restrictions for meds and medical devices. Any complaint that such an exemption would disincentivise research & development with private pharma, could be countered by nationalizing the research & development of medicine and medical devices also. Most of the scientists go into the field with the goal of finding cures and helping people anyways; making their research part of the public sphere would just give them the resources to find those cures along with allowing them to better direct the research according to public need instead of current private for-profit research that is directed by the corporate bean counters that will veto any research if it doesn't have good promise of big profits regardless of how much promise the research may have at finding a cure.