4 ms·
R&D is ultra-expensive in-part because of government regulation. So the government is playing both sides of the ball: + Pile up mountains of red tape through t
by clarkmoody 10y ago
R&D is ultra-expensive in-part because of government regulation. So the government is playing both sides of the ball:
+ Pile up mountains of red tape through the FDA
+ Provide patent protections for those with enough money to wade through the red tape
+ Give R&D grants to companies with taxpayer money to take up the slack in their budget
So since R&D is so expensive, only large companies can afford it, which is just fine for them: it keeps out competitors.
- cust0m 10y agoYeah, in the actual system the government plays with the large companies to make big money on top of every single aspect in life of people.
- zebrafish 10y agoI think some regulation is needed though. I can't look at a generic white pill and tell whether it's oxycodone or acetaminophen. Also, I don't want to take your acetaminophen if it hasn't been proven that whatever is in it won't cause other more serious issues or that I've at least been adequately informed of those side-effects on the front-end. R&D is also in-part expensive because of the success rate of drug trials and the expertise necessary to conduct the experiments. I'm mostly a free-market proponent, but when a corporations own interests collide with the larger market's interests by killing or otherwise removing a large portion of the productive population from the workforce, I believe there should be regulation.
- monort 10y agoThis problem can be solved with a voluntary certification, just don't buy pills, that are not certified by government or some organization you trust.