'That's The Story Of Socialism!': Rand Paul Makes Emphatic Argument Against Price Controls 

One of the few good, decent men in DC.

Rand Paul and Ron Paul are REAL PATRIOTS 🇺🇸 Thank you sir. 🙏🏻

More concerned about Government funding Big Pharma..........Pharma doesn't operate under a Free Market in the US.

Boy, this man is simply amazing.

That was very interesting!Thank you, Senator Paul! 🙏

Socialism: "You line up for bread." Capitalism: "Bread lines up for you."

Thank you Dr Paul! speaking the truth to these US Senators MAY help them to understand... we can only hope!

❤❤❤ RAND PAUL.Thabk you Mr.Paul❤❤

I visited Havana Cuba many years ago, and I was shocked to see how empty the shelves were at their grocery stores

All price controls disenfranchise real property owners. That includes price controls on rent, and price controls on drugs. It’s the same, and it’s a war on personal property

Senator Rand Paul is extremely smart and on point.

Thanks Dr. Paul. Speaks the truth.

Senator Rand Paul thank YOU! Thank you! So well said!!! Thank you for educating congress!!!!!! Its RICH to have non business people telling anyone how to run a business!!!

Right on target Ron Paul.

Love Rand Paul. And he's right-- Socialism SUCKS. It sucks life, money, motivation, etc.

Rand Paul has been consistently doing this for decades now. Big fan of his. One of the very few representatives I believe have good intentions.

Thank you, Mr. Paul!

Great speech 👍

Rand Paul Rocks

No price controls!!!! Open up the market so companies can shop around. Free market.

Agreed. But how about drugs that have been around for years and are relatively inexpensive. Hence another company buys them and the price quadruples? Epi-pens is just one example. Eloquist is another. There was no upfront research cost when these drugs were repurchased. How is the exorbitant price increase justified?

Thank you Rand Paul for standing up for our wealth-creating economic system!

Keep them on the edge of their seats Rand. It makes them nervous 😂😂😂

But that is socialism. Companies can fix their prices at what they need to make a profit.

I'm a veteran. Told I have leukemia. No treatment for me. Once again, since this plague stuff, my number was blocked. Would other people be angry if THEIR leukemia went PROPERLY AS THEY SAY, diagnosed and treated? I'm dead like this, trying to hold on but I fear it's way to late. What do the veteran's do? I understand the illegals are getting MY care.

And all of this is because social security pricing guidelines

RAND Paul ❤❤l❤

Rand Paul 😎👍🇺🇸

The man!

list all of the people who are for socialism and who of them have lived in a socialist country,

So brilliant.

The man with one eye is the king in the land of the blind

WHAT DID HE SAY. THIS WOMAN IS A WOW

Paul fails to consider the drug companies monopoly - which is not capitalism. Nor does he ask why ONLY the US patients pays for the research.

Sky high CEO/share holder compensation is ok?!

Epipens are $750! They’re less than $100 in every other country but the US. Make this make sense?

Those who offer price controls as a solution to their own bad policies should be expelled and black listed from all levels of government.

I love that Merck is donating Ivermectin to poor countries, but WHY is it so expensive, hard to obtain, and prescribe in America?

Let businesses be business.

Shouldn't Crony Capitalism be referred to as Corporatism? It would help differentiate the 2 terms.

There has never been an example of government meddling in the economy that actually improved anything and very few that didn't end up making things worse.

The United States is paying the Research and Development cost for the whole world. Every other country negotiates drug prices after we pay to develop them. This seems unfair.

Well the upside of not having eggs, no egg farts.

Friedman also said this: "If you put the government in charge of the Sahara Desert, there would soon be a shortage of sand." Government price fixing spreads destruction in every direction. ICC not allowing RRs to abandon unprofitable branch lines for around 100 years until RR were deregulated basically bankrupted the RRs. Then the ICC tried to regulate freight rates! If the USSR could not correctly fix prices, why would ANY government bureau think that it could do a better job?

Texting behind him as he speaks should have you removed

And a good part of why prescription drugs cost so much for Americans, is Europe's and Canada's price controls.

My gosh people , can't you understand what senator Paul is saying. Great Senator in my view.

As much as i love rand paul he has shares too. I mean fair enough i guess if everyone else does but still not a good look.

I would bet big money that all his information came from some drug lobbyist. Might check out his donor list. It's like I had an employee that was getting a particular drug, if insurance paid for it it was $35.00 if he paid for it it was $3.00. In the last 5 years there are more ads for drugs then ever before. Does a doctor get a kickback for prescribing them. There is a lot more going on there than we are seeing. I don't see too many drug companies going broke.

Totally agree with Rand, BUT if it's "against the law to not get the maximum profit", and "there's no morality in figuring what the profit could or should be", why doesn't every biz owner simply destroy the lives of all of their competitors (while staying within the letter of the law?) Then their profits could and would end up going sky high? Our country as built on morality and doing away with it, has been a disaster. John Adams: "Avarice will break this Constitution like a whale breaks through a net" and "This Constitution is for a moral and religious person and is wholly inadequate for the governing of any other".

Rand Paul knows what he’s talking about when it comes to the price of medical care and medicines. He’s knows these things because he’s a physician himself who’s run a business in the past providing medical care for people. All these people who are talking about price fixing for medical procedures and drugs know nothing about running a business nor do they understand how and why capitalism drives innovations. And he just proved it. Socialism NEVER works because it isn’t compatible with realistic human nature and people by their very nature want to make a profit. If there’s no gain for doing anything, what’s the point of innovating?

He's right about capitalism, but there is also human greed and collusion to destroy competition. Though how you balance the two is a mystery. To me, at least.

Corporations don't manipulate congress, they are merged.

Someone has to explain to me how a senator like Rand Paul is not running for president. He’s probably one of the smartest men in the Senate and undoubtedly the most responsible senator in all of the government. Rand Paul for President in 2028!

Sen. Paul, would you please explain why a drug that I took for over eight years went from less than $1 per tablet to over $10 per tablet in that eight-year time period? Would you also explain why for years Medicare was not allowed to negotiate with drug companies over drug prices? Would you also explain why as Medicare recipient, I am now no longer allowed to utilize drug manufacturer discount coupons? If anything, why are the discount coupons not credited to the price that Medicare pays? You make an excellent argument but it has a hole in it that a fleet of trucks can drive through.

Economic collapse countdown 😢😮

Tell me your in favor of massive corporations without telling me your in favor of massive corporations

The natural conclusion of Senator Paul ' s presentation is "with great power comes great responsibility". If he is going to cede the power of capitalism to these pharmaceutical companies, then both the Senator and these companies have the responsibility of making the meds *_both_* available _and_ affordable. He is dreaming in technicolor if he thinks that's the case currently.

We made them rich by believing in their sorceries. Pharmacia anyone? Take a pill and chill Jill!

Would colnial patriots allow this

It is my understanding that some states are prevented from buying drugs from wherever they may choose. It smacks of the cronie-capitalism he hates. Work on that issue first

There's that strange woman/robot in the background...... Second time I've seen her... she's a bit disguised here... Remember? She didn't blink etc...she truly freaks me out.....

Healthcare is a an essential service, much like infrastructure and security which a State should provide for from tax revenues. Leaving everything in the hands of capitalists is logically wrong and the state of the infrastructure and health systems in the US is the living proof of this.

Prices are signals of real economic conditions; it is not possible to change reality by manipulating signals.

'That's The Story Of Socialism!': Rand Paul Makes Emphatic Argument Against Price Controls So is government health care. Not just government price controls. Government public sector by Constitutional law of a free market economy is required by Constitutional rights of business "entities" to stay out of the private sector. There can be no innovation and competition to lower prices and improve products and services with unlawful government controls and monopolies that violate the rights of business entities.

Yeah the government has no right to tell companies how much to charge for drugs they created...unless they received government subsidies for drug development. Also I live near Ashland, KY can you do something about our public health? I'm just saying i'm seeing a lot of stores pop up for just prosthetic limbs that's probably not a good sign, right?

Paul gets it. Capitalism has failed because of government intervention.

What good did all that rhetoric do you

well then use what u have already the anti trust act Sherman style I wanna see those competition or it's game over. Invoke anti trust laws n get the game on.

Look at Meta, what improvement to society are they providing? Or are they the downfall? Are they making a profit? Think about it. #2020Reality

Rand Paul way can I go to Mexico and by the same drug from the same company for pennies on the dollar and we are still waiting on the trickle down affect to start we have Ben waiting fore over 20 years

Why don't you tell them who pays for all that research and development that the pharma benefits from we do the American tax payer and yet we pay the most money for our prescriptions than any country in world. Sorry but I don't think capitalism is the answer in this respect these companies have raked in billions over the years it has end.

Socialism and Free Market Capitalism both have Failed. We need new kind of NATIONALIST CAPITALIST System that Promotes Trade but also does not Offshore Manufacturing Jobs and does not promotes cheap Mass Immigrant Labor. Note: We had that kind of System in America before the 1950s when we had Large Scale Manufacturing Industry and absolutely NO IMMIGRATION from Third World Countries.

He is a smart american but he would be an intellectually challenged man in europe

We need TRUMP back he is a business man

Why, then, is the GOP complaining about high prices? Eggs, toilet paper, baby formula, etc. Prices are high because businesses want higher profits.

Like fairly taxing the rich so we could have free health care and education is an evil thing.

Did Rand ever register his toupee as a foreign agent?

As a European, I can tell you something. I have never EVER paid more than 20 bucks for medicine. My mother had thyroid cancer in 2000 (!) and she didn't have to sell a house for the therapy. People need to understand that the real problem isn't capitalism itself but the unmoral standards of it. And Senator Paul: With all due respect, stop fetishising capitalism just to prove a point. Everyone knows that socialism is bad. Thank goodness , that your friend is alive due to that medication. But: If I had the money for it, I'd bet $1.000.000 that this friend had no problem affording the sky-high price! I think that the US is a great country full of great people. However, the whole entire health system in the USA is a pile of crap. Here is why: Eliquis price: USA: $7,100 France: $650 A birth of a child: USA: $7.500 (Acc. to Statista.com) Germany: $2,448 Cost of the ambulance, to bring you to hospital: USA: $940 to $1,277 Germany: $12 (Yes, that's correct) THAT'S where congress should start. But if Trump's coming back, forget about it. Lol...