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by phkahler
3267 days ago
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I still think it might be best if government funds the research and then allows anyone with the capability to use it. In other words, no patents. There would be competition and the price would come down. The big problem I have with this suggestion is that I don't believe in governments ability to do anything cost effectively - even funding research - but I might be wrong. |
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"There are clearly better and worse ways to structure a system of government financed research. For example, the Free Market Drug Act, a bill recently introduced in the U.S. Congress, called for establishing a set of competing government corporations that would be evaluated at periodic intervals (e.g. 10 years) for the quality of their work. The worst performers would be put out of business with new ones created to take their place."
More here:
http://www.paecon.net/PAEReview/issue32/Baker32.htm
http://cepr.net/publications/briefings/testimony/drugs-are-c...