In a way, the rest of the world is indebted to the U.S. for its regulation. It's a huge and wealthy market, so manufacturers have an incentive to enter it; the

In a way, the rest of the world is indebted to the U.S. for its regulation. It's a huge and wealthy market, so manufacturers have an incentive to enter it; the regulation is hard so products often really have to improve to get through. The rest of us can then enjoy greater safety of pharmaceuticals and medical equipment without setting up such an expensive regulatory system.