If it be your will wrote:I went with Labour and Leave, but I don't think this describes my position at all. We can renationalise whether or not, but yes, a key advantage of leaving would be relaxing the rules on state aid to industry. And not just our state, all states. I think there are many areas where the market simply cannot provide the answer to a problem, and EU rules become an obstacle.
I'll think of an imaginary example off the top of my head: Chagas disease is a crippling incurable condition. It affects millions in Latin America - and some tourists. The world desperately needs a vaccine. But vaccines rarely make a lot of money, because once it is given, no follow up treatment is required, and if poor people need it, they can't afford an expensive vaccine, so basically there'd be nothing in it for a private enterprise to develop one. Compare this to a new cardiac drug that might only carry a very marginal advantage over an existing one, but the treatment is lifelong and for wealthy customers.
Now it would be perfectly possible for the UK government to set up its own vaccine division, and spend the money and time to develop a Chagas vaccine. But it would be so much more efficient and cost effective to find an established pharmaceutical company to do it, and the state agree to help them with the task. But the EU, obsessed with the wisdom of free-markets and their anti state aid rules, essentially prevents this.
For me, Brexit should have been a calm, 15-year mission, where everyone would be as reasonable as possible, finalised with a friendly divorce on good terms. Instead we've got ourselves into a stupid situation where people like Damo are sending us hurtling towards a suicide mission, thinking it makes them look hard in the process, and without realising the EU could wipe the floor with us if they so choose. The whole thing is crazy, we should Remain.
Hi iibyw, I agree fully with you on the way the UK and the EU should be handling Brexit. It should be a calm and thoughtful withdrawal and the establishment of a new relationship, one that works for both the remaining members and for the departing member. Wiser politicians might have written the guidelines/rules for how a new relationship could work between the EU and any departing member when they agreed on Article 50. If they'd had the foresight, these rules would have provided for both net budget beneficiaries and new budget contributors, whoever was the departing member(s). I'd prefer the word "divorce" wasn't applied to the situation - none of the member states are married to each other - brexit is only the end of a partnership - and the opportunity for a new partnership.
I'm not sure your example of Chagas disease is a strong example of how the profit maximisation motive can operate in the pharmaceutical industry works. I'm also not sure that we can say that vaccines aren't profitable. Yes, if a disease/condition is eradicated then there will be no further use for that treatment that eradicated that disease or condition - but, think how fantastic any such discovery would be and think both how much it would do for the reputation for the pharm company and for its scientists. Then extend that to all the new opportunities that may arise from the knowledge of the understanding of the disease/condition and the knowledge and understanding of the treatment. Often a treatment can have more than one use. Many times the discovery of one treatment can open the possibility of other discoveries that can treat other diseases. And, as for vaccines in general, it can often be the case that a second generation and all subsequent generations also need to be vaccinated against the disease/condition. Yes, there are some examples where pharma companies have aimed to exploit generic drugs with enormous and unjustified price rises - and these should not be allowed to happen. That is why societies that operate capitalist economies have strong rules against monopolies and cartels.
I'd also suggest you think again about cardiovascular disease. I'm pretty certain it is not a disease of the wealthy. Yes, those of us with cardiovascular disease hope not only that we are taking our prescriptions "lifelong" but that we can also take them over a long life.
Of course, you already know that I'm not an advocate of the advantages of state ownership of the "means of production." But, the EU's prohibition isn't on the grounds of belief in free markets, but rather to manage the degree of competition between the firms within the member states.