FDA's Cronyism and the Epipen Monopoly

Posted by $ haseloff 8 years, 8 months ago to Government
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​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...



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  • Posted by $ splumb 8 years, 8 months ago in reply to this comment.
    lol
    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.
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    Sorry. I didn't proofread before hitting submit. Wasn't upset at all by your comment.

    No twisted knickers here!
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  • Posted by CircuitGuy 8 years, 8 months ago
    This one story reads like someone taking a stimulant to overcome unwanted sedative side effects of another drug, and then needing a sleeping pill to overcome the stimulant at night.

    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.
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  • Posted by $ splumb 8 years, 8 months ago in reply to this comment.
    It was merely an aside; don't get your knickers in a twist.
    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.
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    I try to ignore the political tokens that the media places in the narrative as well. It's meant to be divisive and pull on your heart strings. If your a Repub, it's meant to feed your confirmation bias.

    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...
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  • Posted by $ splumb 8 years, 8 months ago
    What I find amusing are the articles mentioning the protagonists in the Senate who are lined up against each other in this matter. One, the father of Mylan's CEO. The other, the mother of an EpiPen user.
    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.
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  • Posted by $ 8 years, 8 months ago in reply to this comment.
    I good use a lot less 'good intentions' by politicians.

    Agreed, epipen pricing could plummet to about 10% of current pricing within a year of deregulation.
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  • Posted by ObjectiveAnalyst 8 years, 8 months ago
    Hello haseloff,
    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.
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  • Posted by Mamaemma 8 years, 8 months ago
    I keep epipen in my office in case of anaphylactic shock. I used to keep two in each room, but the cost has skyrocketed, so that now I just have two in the whole office. It's amazing what they cost, but, you know, gotta keep that cronyism fed.
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