>
http://features.blogs.fortune.cnn.com/2013/05/15/ranbaxy-fraud-lipitor/
>
> If conservatives had their way, Ranbaxy wouldn't even have had to go through so many hoops in their fraud to get their drugs approved for sale in the U.S. because there wouldn't even be an FDA. Instead, the market would sort it out after enough people didn't get better / died / choked on broken glass from taking pharmaceuticals from Ranbaxy. Ranbaxy only gets caught / even violates law thanks to useless regulations.
The flip side of this, are the thousands of deaths caused by
unreasonable approval delays. It's easy to laud the FDA for something
like this - bravo! How many have died tho waiting for various cancer
treatments to be approved/allowed? Like say with beta-blockers or
interleukin-2 - both of which had gained widespread approval in Europe
years prior to FDA approval.
The crux of the matter for the FDA, is that approval and subsequent
failure of a drug is more damaging than nonapproval and subsequent
death of regulatory victims. And that's more of less true for most
regulations - we rarely see the costs imposed.
The vast majority of conservatives are okay with regulations - after
all, the bedrock of a civil society is founded on common law, private
property, standards, etc. It's when regulations strangle and
contradict and impose unreasonable burdens with negative cost-benefit
analyses, that Iwethey get annoyed. Where that line is, I don't know
- but likely it's found on the 80/20 curve. It's when we strive for
100% efficacy of our regulations, that we run into issues of either
noncompliance or a lack of utility.