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Thread: Follicabio

  1. #21
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    Quote Originally Posted by Pentarou View Post
    We live in a 'free enterprise' economy and society as it is, only people would extreme beliefs would argue otherwise. Economic regulations (particularly with regards to pharmaceuticals) benefits the operation of markets in the long run because they, while admittedly flawed, provide a basic level of safety, consumer protection and reliability. A market should not be an anarchy, because then it simply isn't a market.

    Anyway, I agree that the FDA and similar jurisdictions need extensive reform, however, as they are out of date in practices and structure, and are clearly holding back medical advances. That does not mean that I see no place for them, and with the recent events in India with Dr Nigam, we should be at least grateful for some level of protection and regulation in the field of medicine here in the western world.
    I dont agree, take the cases where over-regulation has prevented drugs (that turned out to be completely safe later on) from coming to the market, the damage of such actions is never seen but it's clearly there especially when you consider the thousands of lives that may have been saved had the drug been allowed to enter the market.

    Also take into consideration the thousands of lives that are lost because the FDA takes 15 - 20 years (over a quarter of the average lifespan!) to have drugs approved for the market, all propped up (obviously) by a never-ending highly propagandized proposal that institutional regulation is more effective at providing consumer safety than anything else.

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