3 ms·
I guess you're only planning on seizing successful R&D through eminent domain? If so, I think most people would use a stronger word than "bummer" to describe th
by qq66 12y ago
I guess you're only planning on seizing successful R&D through eminent domain? If so, I think most people would use a stronger word than "bummer" to describe the consequently reduced R&D investment. Pharmaceuticals are a major component of the difference between healthcare today and healthcare in 1750.
- msandford 12y agoI'm not planning on it. I explicitly talk about the tradeoffs. I'm more speculating on what happens in politics which is "we do whatever we feel like and make up reasons why it's OK and legal" Which is more valuable: a definite life saved today or a potential life saved in the future? This is the constant struggle of everyone involved in economics. We never know the counter-factuals. Perhaps some drug company is on the verge of an HIV vaccine but because of the eminent domain seizure they stop the program and we get a hep-C cure but lose an HIV cure. That'a a "bummer" or "travesty" or "moral outrage" or whatever you want to call it.