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by danso
4953 days ago
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You interpreted me right. One dimension that needs to be considered is that, as opposed to Newton's day, the average human has substantially less chance of dying from a consumer product. The pharma industry is a very good example of this...the costs of drugs and the tricks pharma companies use to extend patents is rightly criticized...on the other hand, the research and regulatory process is massively lengthy and costly, and one that no one would pursue if another company could swoop in and profit on billions of R&D. There's also something else...rate of advancement is likely going to seem slower than it was in the past few centuries, because of a natural diminishing rate of return. To paraphrase -- I think, Stephen Colbert -- it's easy to make scientific discoveries when not burying diseased corpses next to your water supply is considered a health breakthrough. |
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This is a particularly superb point! I really like this argument.