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Isn't the new direction of capitalism in America Freedom from Regulation?

by actionfromafar 1y ago

cogman10 1y ago
Yes. This is a clear example of why that's bad and why these agencies need funding and competent staffing.
- throwawaymaths 1y ago
  these agencies had funding and competent staffing. they correctly identified that the factories were producing dangerous products.
  - cogman10 1y ago
    The funding comes in because they didn't have the funds to test the drugs. That's something I'd hope was happening with all drugs. The competence comes in because they put availability above safety. That's an incompetent trade-off.
    - throwawaymaths 1y ago
      the real irony is that price and availability cannot be a consideration in approving indications for new drugs
billylb42 1y ago
How did you arrive at that conclusion? All of the evidence provided in the article is prior to the “freedom of regulation” as you call it. To me, it’s indicative of a rotting regulatory institution that lost its way. FDA is about safety, not low cost drugs. I don’t know how that mandate became mission critical for them but it happened before the current administration.
- cogman10 1y ago
  Almost certainly happened because of Clinton and the FDAMA. It's a law that "cut red tape" IE removed safety protocols and standards. These agencies are rotting primarily because they've been reworked to be business friendly over the last 40 years
derbOac 1y ago
The US is long past the point where we need to stop talking about medical regulation generically. Some regulation and enforcement needs to be increased, and others need to be decreased or eliminated, at least in my opinion. To me this sort of thing is fraud, and I feel like the FDA needs more resources and oversight to fight it. But with other things I think the FDA needs to back off completely, where it's overstepped its useful mission. I personally would like to see the FDA stop telling people what they can purchase or receive from whom, but spend more time guaranteeing that whatever is on the label is what it says it is and nothing else.
- mindslight 1y ago
  To continue making a follow on point, also needing nuance - pharmaceutical manufacturing is exactly the type of industry that can and should be brought back to the US. First, through outright subsidies [0] to get the plants built. And then when domestic supply is high enough, through regulations prohibiting healthcare management plans from buying imported drugs. [0] spending some of the surplus from having a reserve currency on deliberate policies rather than it being blindly given to asset holders

Isn't the new direction of capitalism in America Freedom from Regulation?

cogman10 1y ago

Yes. This is a clear example of why that's bad and why these agencies need funding and competent staffing.

throwawaymaths 1y ago
these agencies had funding and competent staffing. they correctly identified that the factories were producing dangerous products.
- cogman10 1y ago
  The funding comes in because they didn't have the funds to test the drugs. That's something I'd hope was happening with all drugs. The competence comes in because they put availability above safety. That's an incompetent trade-off.
  - throwawaymaths 1y ago
    the real irony is that price and availability cannot be a consideration in approving indications for new drugs

billylb42 1y ago

How did you arrive at that conclusion? All of the evidence provided in the article is prior to the “freedom of regulation” as you call it. To me, it’s indicative of a rotting regulatory institution that lost its way. FDA is about safety, not low cost drugs. I don’t know how that mandate became mission critical for them but it happened before the current administration.

cogman10 1y ago
Almost certainly happened because of Clinton and the FDAMA. It's a law that "cut red tape" IE removed safety protocols and standards. These agencies are rotting primarily because they've been reworked to be business friendly over the last 40 years

derbOac 1y ago

The US is long past the point where we need to stop talking about medical regulation generically. Some regulation and enforcement needs to be increased, and others need to be decreased or eliminated, at least in my opinion. To me this sort of thing is fraud, and I feel like the FDA needs more resources and oversight to fight it. But with other things I think the FDA needs to back off completely, where it's overstepped its useful mission. I personally would like to see the FDA stop telling people what they can purchase or receive from whom, but spend more time guaranteeing that whatever is on the label is what it says it is and nothing else.

mindslight 1y ago
To continue making a follow on point, also needing nuance - pharmaceutical manufacturing is exactly the type of industry that can and should be brought back to the US. First, through outright subsidies [0] to get the plants built. And then when domestic supply is high enough, through regulations prohibiting healthcare management plans from buying imported drugs. [0] spending some of the surplus from having a reserve currency on deliberate policies rather than it being blindly given to asset holders