The Washington Times
  • Subscribe
  • Times News Services
  • RSS
  • Mobile Headlines
  • e-edition
  • E-MAIL ALERTS
  • REGISTER
  • LOG IN
  • E-MAIL ALERTS
  • WELCOME
  • Your Profile
  • Log Out
  • Front Page Image
  • Classifieds
  • Autos
  • Real Estate
  • Jobs
  • Special Sections
  • Customer Service
  • Home
  • News
  • Opinion
  • Sports
    • NFL
    • NBA/WNBA
    • MLB
    • NHL
    • Tennis
    • Golf
    • Motorsports
    • Soccer
    • NCAA
    • Olympics
    • Outdoors
    • Other
  • Culture
    • Home & Living
    • Family & Kids
    • Fashion
    • Food
    • Travel
    • Health
    • Washington Visitors
    • Books
    • Military History
    • Life
    • Auto
    • TV Listings
    • Movie Listings
    • Death Notices
    • Entertainment
  • Themes
  • Communities
  • Shopping
    • Stores
    • Coupons
    • Daily Double
    • Promotion
    • How It Works
  • Videos
    • Two Guys
    • Birnbaum on Washington
    • Liz Glover
    • Amanda Carpenter
    • Morning Briefing
    • Documentaries
    • Joe Giganti
    • Video Game Minute
  • Podcasts
    • About Headlines
    • Audio and Radio
    • America's Morning News
  • National

    VAN CLEAVE: A Thanksgiving message from Russia's spy agency

  • National

    HOLMES: Behind Obama's overseas allure

  • World

    Thailand seeks U.S. help battling insurgents

  • Politics

    Obama taking emissions goal to summit

  • Business

    Retailers banking on Black Friday

  • World

    Corruption stain puts Pakistan leader at risk

  • Politics

    Courage the turkey escapes Obama's plate

Thursday, October 20, 2005

Price-control follies in the District

Rate this story

Average 0.00
after 0 votes
Login or register to rate this story

  • Font Size -+
  • Print
  • Email
  • Comment
  • Tweet this!
  • Share
  • Article
  • Comments ()
  • Click-2-Listen
  • Videos

More Stories

  • IAEA: Iran investigation at 'dead end'
  • Swiss court grants Polanski bail
  • Lawyer: State dinner crashers shouldn't need me
  • Courage the turkey escapes Obama's plate

By

Many people believe in the world as it ought to be. We all ought to be millionaires. We all ought to have top-paying jobs. We all ought to own a Rolls Royce.

To make that world happen they turn to politicians. If you don't want to pay what something costs, get the government to take the money from someone else.

Washington long has been known as the city of the world as it ought to be. Now the D.C. Council is following in Congress' footsteps. Prescription drugs provide great benefits. They ought to be free, or almost so.

Never mind that companies raise money in the capital markets, build expensive laboratories, hire knowledgeable scientists and invest billions to find elusive medical cures. Medicines cost too much and D.C. legislators — who, unlike the drugmakers, produce nothing worthwhile — will take charge.

Months ago, D.C. Council member David Catania came up with a weird scheme to seize drug patents, apparently forgetting that the U.S. Constitution requires payment of compensation. So much for that attempt at grand larceny.

He then regrouped, drafting new legislation, passed last week, to ban the sale of pharmaceuticals at an "excessive price," defined as 30 percent above the cost in Australia, Britain, Canada or Germany. It's surprising that he didn't toss in Congo, Laos and Mexico.

Mr. Catania conveniently chose as his standard countries that impose price controls. He apparently expects investors to continue providing funds and companies to continue risking those funds when irresponsible election-minded politicians decide what "fair" prices are.

The bill would impose civil penalties on any company that didn't give away its wares. But Mr. Catania recognizes that the drugmakers aren't likely to surrender. He complains: "The pharmaceutical industry, just like the tobacco industry, rather than obey the law, will file lawsuits."

Alas, Mr. Catania, once one of the council's more sober-minded members, exhibits an ugly demagogic impulse. Cigarette companies make a product that kills people. Pharmaceutical companies make a product that saves people. Surely he can tell the difference.

Let's be clear. People with heart conditions are alive today because of the drugmakers. People with AIDS are living normal lives because of Big Pharma.

12Next »

Post a comment

There are comments on this article, submit your opinion!

Commenting is disabled for this entry.
If you feel there is still something worth mentioning about this entry please contact the author or the site admin.

Ask a Question

You Report

Do you have another point of view, photos, audio, video or more information about a story?

Top Stories

Most Read

  1. EDITORIAL: Hiding evidence of global cooling
  2. Top Republican lawmakers not attending State Dinner
  3. Conservatives seek test for RNC funds
  4. Fenty trails Gray in D.C. poll
  5. Food snobs fork over $225 for taste of heritage turkey
More Top Stories »
  1. Climate 'czar' says hacked e-mails don't change anything
  2. D.C. sports icon, Wizards owner Pollin dies
  3. List of W.H. state dinner guests
  4. PRUDEN: Obama's due process doctrine
  5. EDITORIAL: Obama's sacked inspector general

Most Shared

  1. EDITORIAL: Hiding evidence of global cooling
  2. EDITORIAL: The duty of a nation to obey God
  3. Grade-schooler unearths fossil at dinosaur park
  4. The global-cooling cover-up
  5. Climate czar rejects doctored data claims
More Top Stories »
  1. Climate 'czar' says hacked e-mails don't change anything
  2. VAN CLEAVE: A Thanksgiving message from Russia's spy agency
  3. The United Socialist States of America
  4. EDITORIAL: A call to prayer and repentance
  5. White House logs point to donor access

Most Commented

  1. EDITORIAL: Hiding evidence of global cooling
  2. Climate 'czar' says hacked e-mails don't change anything
  3. Climate czar rejects doctored data claims
  4. Obama to attend Denmark climate summit
  5. Ky. hanging, ruled a suicide, leaves bloggers at loss for words
More Top Stories »
  1. A-listers, fundraisers at W.H. state dinner
  2. EDITORIAL: Kennedy vs. Catholicism
  3. EDITORIAL: The duty of a nation to obey God
  4. EDITORIAL: Obama's sacked inspector general
  5. Obama taking emissions goal to summit

Listen to Washington Times Radio

  • America's Morning News

    with John McCaslin and Melanie Morgan

Blogs & Columns

  • Hot Button Blog

    RNC: Breast cancer recommendations may lead to 'rationing'

  • Belief Blog

    Evangelicals OK civil disobedience

  • Out of Context

    Foods that might kill libido

  • On the Fly

    United lifts some 'award' blocking

  • Technology

    Facebook wins round against phishing spammer

  • Redskins 360

    Redskins matchup

  • SNOBlog

    Beyond 'Woody'

Videos

Advertising Links
TWT Store
  • e-edition
  • Print Edition
  • Weekly Washington Times
TWT Affiliates
  • Middle East Times
  • Golf
  • UPI
  • Arbor Ballroom
  • Washington Times Global
  • About TWT
  • Press Room
  • F.A.Q.
  • Work for TWT
  • Advertise
  • Sponsors
  • Contact Us
  • Privacy Policy
  • Site Map

All site contents © Copyright 2009 The Washington Times, LLC.