A failure of the market place? Au contraire! A stunning success of the market place.
Without government patent protection (allowed by Article I, Section 8 of the U.S. Constitution), this is exactly what would happen worldwide. In the short term, this is great for consumers (cheaper drugs). Of course, in the long run, the (evil) pharmaceuticals will go out of business. Hey, don't worry, you can go to India to get your drugs.
The point of the Lipitor article was that the market place is not to be trusted. I could have just as easily cited WorldCom, or Enron, or Martha Stewart's shady dealings. You need to get out of your John Galt world -- it was a good read, but it was fiction, Mrs Mark.
Privatizing the FDA sounds good on the surface, but I'm not convinced it would be any more efficient. Maybe less so, since they could be sued out of existence. Plus, they would have no power to enforce laws.
As far as guard rails and fires, hey I'm with you. Tear down the guard rails and let each nightclub set their own fire safety standards. Let the buyer beware! Feel safer?
Yah I guess that the FDA would just turn into a corrupt money pit bent to every whim and dollar thrown at it, like the UL...oh wait......ooops ;)
As far as guard rails and fires, hey I'm with you. Tear down the guard rails and let each nightclub set their own fire safety standards. Let the buyer beware! Feel safer?
Yah, actually I would. At least I would know that I'm on my own as opposed to feeling some sense of false security in that the fed is going to help me (yah right).
A failure of the Government Workers was sorted out in the market place that you don't trust, so your solution is more government workers... Yikes!
I think it is funny that a Democrat like Stewart got in trouble, but seriously she is getting screwed by the government. Security laws are so vague and so malleable people have no choice to take an action, and then government workers decide weather it was legal or not... Yikes!
As far as guard rails and fires, hey I'm with you. Tear down the guard rails and let each nightclub set their own fire safety standards. Let the buyer beware! Feel safer?
I think the whole point I was making went over your head. If you are driving down a mountain road with out guard rails, you will drive allot slower than you would otherwise. If what you think are guardrails are there, you will feel it safer to increase your speed, if you are mistaken about the guard rails, you would of been safer driving like there were no guard rails there. Take this analogy over to Fire Protection, the city enacted laws and took money from the taxpayers to enforce them, when it turns out their actions did not work, your response was to not blame the people who spent the money, but to make excuses that they did not get enough money. You never hold the government accountable .... Yikes!