Sav wrote:The restrictions affect only quacks and unsafe drug makers...
No, such restrictions also prevents/delays some beneficial drugs and foods from becoming available.
• "The FDA found the [thrombolytic] therapy reduced heart attack fatalities by 18%, but it took two years to approve the new drug application. The result was as many as 22,000 deaths." (Noel Campbell, Dept. of Econ., Gordon College)
• In the tree years between propranolol's introduction in the UK and the US, approx. 30,000 Americans died prematurely because they couldn't get the lifesaving drug.
• In the 12 years it took for the FDA to approve of the AIDS drug ribavarin, 430,000 people died needlessly and/or prematurely.
• During the 5 year FDA delay of the AIDS home test, an estimated 10,000 American were infected.
• According to a 30 year analysis, for every American saved by the "drug lag" (delay in approval), another 64-364 were killed by it. IOW between 1950 and 1980 the drug lag saved about 33 American lives per year, while 2100-12000 died needlessly. (D.H. Gieringer, "The Safely and Efficacy of New Drug Approval")
We have some redundancy here; I already gave these examples in the
Legalization of Drugs thread. Govt regulation has a bias for type II error, resulting in needless deaths.
Darrel, the only reason drug and food quality is more controversial than electronics quality is that the State's FDA is so much more incompetent than the private UL. Both could be done by voluntary means, and there is no reason that food/drug quality requires State aggression.
Barbara and I recognize the downside of giving the State the power to regulate, so we are closer on this issue than e.g. Sav and I. Where Barbara and I differ is about the likelihood of "chaining" the State. She believes that a State can be effectively limited, whereas I don't. The history of the US, which went from a loose confederation to world empire, I would think would be convincing to a history buff like Barbara! My position is summed up by a Rothbard quote: "The man who puts all the guns and all the decision-making power into the hands of the central government and then says, 'Limit yourself'; it is he who is truly the impractical utopian." Or as Jefferson put it more mildly, "The natural tendency of things is for government to gain ground and for liberty to yield."