Hey Bad Cat, thanks for your awesome coverage -- but can we as American Citizens stop complaining (ok, don't stop critiquing) and now start talking about how to improve the regulatory structure? How about i) regulatory body to set pricing for vaccines, like utilities ii) stricter independence rules (no jobs in industry for X years after…
Hey Bad Cat, thanks for your awesome coverage -- but can we as American Citizens stop complaining (ok, don't stop critiquing) and now start talking about how to improve the regulatory structure? How about i) regulatory body to set pricing for vaccines, like utilities ii) stricter independence rules (no jobs in industry for X years after post), iii) no gov't employees participating in patent royalties (sorry tony), iv) term limits and financial disclosures for senior bureaucrats, v) patents for products shielded by limited liability belong to gov't, vi) what else?
No immunity for industry companies or products. Make any revolving door/collusion between regulatory agencies and the governed industries a (enforced) serious felony. Institute a national, unified, required, formal, reviewed, long-term adverse event reporting system. No secrecy for vaccine products: all development information must be put into public view before products are allowed on the market. Lost more required, but that's a start.
No patents on medical technology. The idea that patents drive innovation is the great lie of our time. Most great advances in technology came without patents. Every young economist should read Bad Samaritans by Ha-Joon Chang. He has a great section on patents in that book
Well. You need to completely remove the cdc and fda from the industry. I’m libertarian but at this point Pharma should never be profit oriented. Owned by the people for the people as non profit. Lobbyists shouldn’t exist. No mandates for shots or meds. The current system has the cdc, fda, ama abs medical industry completely owned by profit driven Pharma. It has failed as a system. I’m pro capitalism otherwise but for something like human health profits don’t work as human greed destroys everything.
"Capitalism doesn't care about the nature of the contract"
The market is only efficient when one form does not have the power to control it. Pharma control the markets through patents or collusion. When that fails, corruption.
Hey Bad Cat, thanks for your awesome coverage -- but can we as American Citizens stop complaining (ok, don't stop critiquing) and now start talking about how to improve the regulatory structure? How about i) regulatory body to set pricing for vaccines, like utilities ii) stricter independence rules (no jobs in industry for X years after post), iii) no gov't employees participating in patent royalties (sorry tony), iv) term limits and financial disclosures for senior bureaucrats, v) patents for products shielded by limited liability belong to gov't, vi) what else?
No immunity for industry companies or products. Make any revolving door/collusion between regulatory agencies and the governed industries a (enforced) serious felony. Institute a national, unified, required, formal, reviewed, long-term adverse event reporting system. No secrecy for vaccine products: all development information must be put into public view before products are allowed on the market. Lost more required, but that's a start.
No patents on medical technology. The idea that patents drive innovation is the great lie of our time. Most great advances in technology came without patents. Every young economist should read Bad Samaritans by Ha-Joon Chang. He has a great section on patents in that book
What?! Isn’t more gvt meddling how we got here?
Well. You need to completely remove the cdc and fda from the industry. I’m libertarian but at this point Pharma should never be profit oriented. Owned by the people for the people as non profit. Lobbyists shouldn’t exist. No mandates for shots or meds. The current system has the cdc, fda, ama abs medical industry completely owned by profit driven Pharma. It has failed as a system. I’m pro capitalism otherwise but for something like human health profits don’t work as human greed destroys everything.
"Capitalism doesn't care about the nature of the contract"
The market is only efficient when one form does not have the power to control it. Pharma control the markets through patents or collusion. When that fails, corruption.