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So a manufacturing organisation run by committees of international bureaucrats. I struggle to imagine anything more likely to fail utterly. You were absolutely

by simonh 6y ago

So a manufacturing organisation run by committees of international bureaucrats. I struggle to imagine anything more likely to fail utterly. You were absolutely right when you said the free market is best at cars and phones and such. But that’s exactly what pharma is, it’s the same sort of thing at the general level. Capital intensive product development and manufacturing. It it did an incredible job last year, not once or twice, but a dozen times on multiple vaccine programmes. Name one successful international government run manufacturing operation.

danielEM 6y ago
> But that’s exactly what pharma is, Disagree and gave you one of good reasons in previous posts > So a manufacturing organisation run by committees of international bureaucrats Not manufacturing, but a science organization focused on improving medical treatments and drugs. And not a bureaucrats, but scientists. Bureaucrats didn't discover general theory of relativity, Einstain did it. You don't need money revenue driven competition for scientific discoveries, math and physics is a good well working example. And all of all, even if such an organisation will spent effectively only half of the budget it will be still more effective than 20 companies trying to achieve same outcome separately.