The Ramblings of the Millahtime Man

Wednesday, October 13, 2004

Flu Shot Shortage

I was at foxnews.com and they had a poll on who is to blame for the flu shot shortage. The top answer was private industry (as in the producers of the shot) followed closely by no ones fault. The other one of note with a decent percentage and that was the federal government.

My vote goes for private industry and the reason is simple. From the simple economic theory of supply and demand. If you do the simple supply and demand curves you will see that this year they are not meeting the point they should be. There is not nearly enough supply to meet the demand. Not even close.

As to blame it on the government or say it's no ones fault, well that is just not true. If the producers of the flu shot followed supply and demand then they would have produced more and would have reaped the profits. That is the nature of our economy. In our society something like this isn't regulated by the government it's done by society itself in this mass economic machine we live in.

If you want a cure for flu.... well your out of luck. Rest, lots of fluids and time is the only things that can really help. More info on the flu here.

3 Comments:

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