3 ms·
This sounds like a false dichotomy: "The government has a legitimate responsibility to ensure that medical technology is used and marketed responsibly" So eith
by ahallock 13y ago
This sounds like a false dichotomy:
"The government has a legitimate responsibility to ensure that medical technology is used and marketed responsibly"
So either the government ensures the above or it does not get accomplished? There are no third parties that could take this on? I find that hard to believe.
- rocksinsocks 13y agoNon-government regulatory agencies aren't a cure all for complex products. For instance, check out the 2008 financial crisis. Sub-prime mortgage derivatives were rated AAA by private ratings agencies. In fact, I would venture they are worse because they have to be paid somehow, and if they are paid by industry, you are ripe for regulatory capture. It can be difficult to get consumers to pay for it unless you include some kind of tax in the product they buy in which case you've arrived at a pseudo-government agency.