FDA's Cronyism and the Epipen Monopoly
​While the FDA might have had a role in Upton Sinclair's meat-packing travesty of the early 1900's, entrepreneurs today know that killing and poisoning their customers isn't the path to profits. Folloup post here: http://libertylol.weebly.com/libertyb...
Government creates monopolies and prevents competition. It is an old story, but it does not fit the progressive anti-capitalist narrative. That suits the MSM fine and makes for sensational, but disingenuous, shallow analysis and headlines. I heard a report the other day that the cost is actually only a few dollars to produce and if competition was allowed the price would fall dramatically. I'm sure the responsible bureaucrats would claim they have nothing but good intentions. We know where the road so paved leads.
Respectfully,
O.A.
Agreed, epipen pricing could plummet to about 10% of current pricing within a year of deregulation.
http://libertylol.weebly.com/libertyb...
http://libertylol.weebly.com/libertyb...
And yes, I take this matter seriously. Very seriously, since I'm allergic to bee venom and discovered a huge wasp nest up one of my trees over the weekend. Thankfully Orkin dealt with it yesterday, but my EpiPen goes with me at all times.
Let's talk objectively about the problem, why we have the problem and what the effects are of government meddling (lobbying) in the free market.
I intentionally removed all those characters from the post.
Follow up post if you're interested:
http://libertylol.weebly.com/libertyb...
I'm surprised by none of this. I was once a contractor (systems analyst) at a big pharma company. I heard the sniggers all the time, about how people believed the tripe that the high prices were needed to fund research, when in truth they spent 10 times that amount on lobbying and the bribery of doctors and hospitals.
No twisted knickers here!
Good. It's not very comfortable.
So, back to the topic at hand.
Companies have the right to make a profit. But not through cronyism and chicanery. Gaming the system to get ahead is the looters way. I wasn't at all surprised to learn that most of the FDA is heavily invested in big pharma. This is exactly what Rand warned us about.
Remember that Washington meeting in "Atlas Shrugged"? James Taggart, Wesley Mouch, Thompson, Floyd Ferris, and that union leader, all in cahoots together, plotting their next moves.
I'll bet that happens every day in D.C., in offices, bar rooms and goodness knows where else.
I'm glad Rand didn't live to see this. She'd be pretty disgusted with us.
It's like that part of AS where gov't moved food from one place to another trying to solve a problem that wouldn't exist if they weren't involved.