But the existence of folks willing to buy up drugs/drug companies creates a liquid market. This makes creating new drugs more profitable and induces people to make more such drugs.
If we want to claim that folks buying up drugs don't help, do we also believe that tech startups getting exits doesn't promote the creation of more tech startups?
Well I mean yeah, that is an argument that floats around lately (one that I support). Namely, that the idea of every startup getting acquihired encourages low-quality startups with no purpose except getting eventually bought out. People need to be attached to their venture personally for it to get their full dedication, and if you just plan on selling it in the future anyway, that won't happen.
If we want to claim that folks buying up drugs don't help, do we also believe that tech startups getting exits doesn't promote the creation of more tech startups?