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Originally Posted by s|k
You know if you want to believe in some naive ideal form of utopia where people care about the long term interests of others go ahead. I on the other hand have seen enough of what businesses will do when left unchecked. What conceivable model in alignment with your idals can you point to that has succeeded? What evidence do you rely on to support your beliefs?
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The FDA adds about $800M to the cost of every new drug developed and several years delay before they reach market. This means drugs are more expensive and thousands of people die every year waiting for drugs that are otherwise available but not yet approved. Drugs with low(er) profit margins don't get developed at all. The tragedy is that we don't even end up with safe drugs (
e.g., Vioxx).
I don't particularly trust businesses but they have to pay at least some attention to their customers or they go out of business and if they screw you over badly enough you can sue them. Good luck trying that with the FDA.
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