Quote from piezoe:
The drug companies are doing the capitalist thing which is to maximize profits. You can't have it both ways. The reason Medicare can't negotiate on prices is because the drug companies were expert in influencing the US Senate. They do this in (mostly) legal ways. If you don't want them to do this, and that would be against capitalism, you will have to support an overhaul of the First Amendment to the US Constitution. It was primarily the Republicans in the US Senate that inserted into the Medicare part D bill that "drugs will be bought at list price". You should not criticize the drug companies, unless you are not a capitalist. Your grip should be with your Republican Senators.
You're right that the politicians are to blame... so to is an indifferent public that cares more about Paris Hilton and American Idol. The public's ignorance is what I fear most in our country.
But as for calling what the drug companies do as capitalism - I disagree - true capitalism goes hand in hand with a libertarian/limited republic form of government. Neither risk nor gain is "redistributed" or "socialized."
The drug companies, by influencing gov't, are perpetuating Mussolini style fascism/corporatism. As of course, are other Big Businesses - namely Big Finance. The losses in Corporatism are socialized. The profits are maximized with gov't influence, and privatized.
My view is that our country is veering more towards corporatism than Soviet style socialism.