Come on, who has suggested death panels for when your idea fails. Ffs.
I don't actually support outlawing private investment. I've been defending it because, for one, I think democratic control of the world's resources is preferable to trusting profit to do the right thing. I support a shift towards having major structural controls on unfettered capitalism, but I think it's actually too entrenched in the current system to do much about. And secondly, some of the arguments against Felice's preference were flawed (see the alleged stifling of innovation).
Our laws protect a corporation making money for shareholders over everything else. This has proven disastrous for the environment, perpetuated inequality, and contributed to concentrating the profits of all this into the hands of a few.
For all this dollar worship, what you earn has hardly anything to do with how hard or how creatively you work.
IP laws heavily favor corporations over individuals. It's not like the woman or man actually coming up with the idea is necessarily rewarded for it.
It's also not as if all innovation is supported by major VC investment right now. Not every cool new idea needs a hundred million dollars behind it like in HBOs Silicon Valley.
I think that especially when it comes to medicine, we need to change shit up. There's no reason that shareholders quarterly profits are more important than public health. When the product's profitability is given priority over its utility there is a problem. I'm not saying someone needs to suck it up and go bankrupt making something that costs $500,000 a dose to produce. But like with that Lyme disease vaccine, the government should have a way to step in and force a license on a patent or something to be able to manufacture a product that's being sat on thanks to antivaxxers and an uncertain market 15 years ago.
The reality is that command vs free market is a spectrum, not an either or. And for me, I'd rather take the flaws that come with more state (read: democratic )influence than the flaws of unrestricted capitalism. This planet is going to shit because we priortize a shareholders profits over our children's health. And there are motherfuckers doubling down on this shit all throughout Trumps cabinet.
I just can't see prioritizing someone's right to be a little more rich over shit like public health, the environment, fair working conditions, etc. And when the counter argument is "well it'll stifle innovation" I just think it's so much bs.
ETA: re: state using force on bad inventors: we already have companies like GE blow hundreds of millions of taxpayer dollars developing a products for the government that never even end up being used (see that jet engine contract that went to Pratt & Whitney or someone else back in the early 2000's). How many members of the board did we execute? How many of the people responsible for the financial crisis ten years ago were beheaded?