Come on, any comment like mine above has an implicit "all else being equal" in it. I didn't say that to describe some absolute formula but to contextualize my later remarks.
And my point is that you are just offering simplification that has no merit. It's a cheap ploy I expect from silly journalists, not on HN. Regulation isn't why there is a biotech boom. As I stated, it's money, people and infrastructure.
Point 2:
There's no country with more money and infrastructure than the US. The only advantage would be more people. And I doubt China has more of the people needed in Biotech research than the US which still attracts the brightest of the world through it's academic system.
So there must be something else. And I think lack of regulation might be a good enough reason. Kind of like how Hollywood boomed after they pirated all the hardware whose patents could only be enforced on the east coast at that time.
> Point 2: There's no country with more money and infrastructure than the US.
Except our money and infrastructure is going into other sectors. China has chosen to direct their resources into this sector. Simple as that.
> Kind of like how Hollywood boomed after they pirated all the hardware whose patents could only be enforced on the east coast at that time.
Hollywood boomed when money, people and infrastructure was directed to it. It was a conscious decision made by the elites. There are tons of regulation in hollywood. It's still booming. Using your logic, hollywood should be a ghost town. Ironically, your example proves you wrong.