The opposite scenario, in which everthing that's not explicitly permitted is forbidden, is worse With the degree of information asymmetry in medicine it makes

The opposite scenario, in which everthing that's not explicitly permitted is forbidden, is worse With the degree of information asymmetry in medicine it makes sense to regulate medicinal drugs tightly. Before anyone screams: "But FDA stifles innovation" let's say that the FDA exists since the 1960s and the pharma troubles started in the early 2000s. An alternative theory is overfinancialization. Just the other day the merger between Dow and DuPont was announced. Why compete in the market when you can just buy up the competition? No expensive R & D needed!