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Originally Posted by Medical Lab Guy
So you want the federal government to pay for the studies instead? You want the rich drug companies to propose on paper a drug and then have the federal government and the taxpayers pay for the safety and efficacy studies. That's great. If they show good results then the drug company can make a lot of money. If the drug doesn't work then the federal government loses money.
As far as publishing failed studies by private drug companies you want one drug company to publish stating that the drug did not work after spending hundreds of thousands of dollars if not millions of dollars doing the research so another competing company can read all the research they have done and then not waste a dime of their own money and carry on from there. Why would Apple show all of their research failures and successes and have Microsoft learn from all of that only to outcompete them in the end?
What country uses your proposed model? North Korea?
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Where did I propose anything? I just stated how it works. The system is utterly corrupt. But replacing it with central planning totalitarianism would be even worse.
What we can do, within a supposedly free society, is to at least become aware of the corruption. Stop thinking that because an RCT showed a drug is safe and effective, therefore it is safe and effective.
The FDA is supposed to verify the drug industry findings, but the FDA is now owned by the drug industry. This is well known and not controversial. Does it make sense to accept rampant corruption? Between the drug industry and the financial industry, and mainstream news, we have pretty much stopped being a free country.