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by roenxi
1271 days ago
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This article is dancing around the issue; making fast progress has been made systemically illegal. Now we have evidence of exactly how damaging the regulatory state is in the the medical world. 1) Turns out those heartless capitalists could be producing vaccines in ~2 years. The tech is there, the regulators aren't ready for the level of risk in the COVID response as a routine thing. 2) Turns out that people aren't going to inject themselves with uncertain technologies, to the point of irrationality. Contrast this to one of the usual response to "we need less medical regulation" which is that people are stupid and will hurt themselves with unproven products. My suspicion is that over the long term this irrational looking swarming behaviour actually turns out to be pretty good at managing risk no matter how crazy the individuals in it are behaving. The problem in building, construction, technology and mining is pretty consistent. We see the strategies that work in Asia and maybe eventually in Africa - if you let capitalism happen it has powerful enough results at a such speed vs. central planning that it can be rightly called a miracle. |
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