JD Vance

That stuff is amazing.

But I actually think that in some ways what we should be encouraging these companies to do is that.

We want them to develop the life-saving –

Exactly.

Right.

Right.

But again, that's where public policy comes in.

And that's where like my job is to make sure that when the pharmaceutical companies get rich, they get rich by curing diseases, not by doing like weird psychotic things with Native American tribes.

Absolutely.

This is nuts.

That's socialized costs, right?

It's one of the biggest problems with corporate America is socialized costs but privatized profits.

And what you really want is that you want major American companies – and I'm a believer in the market economy.

You want them to absorb the benefits but also the costs, and that's often what doesn't happen.

Like, for example –

So I talked about this train disaster in East Palestine and the railroad companies hate me because I kind of went on a crusade against them afterwards.

And what I realized is think of all the costs of that disaster.

Think of the health care costs, the welfare costs from people who lost their jobs, the declining home values in that community, just all of the costs absorbed by that community.

And the railroads are paying slap-on-the-hand fines.

And it sort of occurred to me that the reason they're not more serious about these train disasters is because they're privatizing the rewards.