The Mudcat Café TM
Thread #122883 Message #2699544
Posted By: Richard Bridge
13-Aug-09 - 01:32 PM
Thread Name: BS: Drug Companies:as Bad as Bankers?
Subject: RE: BS: Drug Companies:as Bad as Bankers?
As a matter of capitalist economic theory, companies exist to serve the interests of their shareholders - and through "the invisible hand" this somehow furthers the best interests of all. The theory assumes rational and informed consumers, and is therefore itself irrational.