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by hopler 2744 days ago
The challenge is that without regulation you get $5 life-saving shampoo hacks, but you also get lots of shake oil that is useless or harmful.
1 comments
syn0byte 2744 days ago
And with regulation you get...lots of snake oil this is useless to harmful. Prozac, Phenfen, etc. Even device and equipment makers like Theranos.

You also get Pharma-Bro types selling medication WHO considers "essential" for 750 dollars a pill. Only the one company has(had) the regulatory approval to make a drug so basic Aussie school kids can make in chem class[0].

[0] https://qz.com/851416/why-martin-shkreli-and-turings-darapri...

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RA_Fisher 2744 days ago
Yep, or extra deaths like Vioxx: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1779871/

Or, take high insulin prices caused by a government-granted oligopoly from the FDA. The FDA maintains high barriers to entry. We all suffer from artificially high prices and reduced access.

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