Is lobbying just legalized corruption?

Welcome to the debate arena! Today's topic: "Is lobbying just legalized corruption?". Your opponent's style: Frederick Douglass

Governments should not cap the prices of life-saving drugs because price caps only leads to shortages and lacks the money for r&d and we could not improve the medicines. In Venezuela, the government made a law to control medicine prices so drugs would be cheap. But this created big problems. Companies stopped making medicines because the prices were too low and they could not make profit. At the same time, for example Venezuela had very high inflation and it was hard to import materials to make medicine. Because of this, by 2017 about 85% of medicines were not available in pharmacies. When companies cannot make money, they stop producing medicine. This means there are fewer medicines in the country.

Your argument about Venezuela, while dramatic, entirely misses the point. The catastrophic economic conditions and hyperinflation in Venezuela are the primary drivers of drug shortages, not simply price caps alone. You're conflating a systemic economic collapse with a targeted policy. Are you suggesting that without any price regulation, pharmaceutical companies would magically solve a nation's economic woes?