I tried to not look for any articles that had to do with the government inexplicably beating down the private sector, costing our economy jobs and revenue.
Today I give you an article from the Washington Post’s ‘Health & Science’ section, which is primarily about WHY there are fewer antibiotics being developed today (hint: it’s Capitalism’s fault):
As doctors battled a deadly, drug-resistant superbug at the National Institutes of Health’s Clinical Center last year, they turned to an antibiotic of last resort.
But colistin, as it’s called, is not a fancy new creation of modern biotechnology. It was discovered in a beaker of fermenting bacteria in Japan — in 1949.
That doctors have resorted to such an old, dangerous drug — colistin causes kidney damage — highlights the lack of new antibiotics coming out of the pharmaceutical pipeline even in the face of a global epidemic of hospital-acquired bugs that quickly grow resistant to the toughest drugs.
It’s a case of evolution outrunning capitalism.
Exsqueeze me? Somehow this means that Capitalism failed? You mean, when given the proper incentives and environment for success, entrepreneurs decided to NOT try to find the next miracle drug? Why doesn’t that sound , ohhhh, what’s the word, …..true?
You only have to read a couple more paragraphs before they give you the answer:
“Experts point to three reasons pharmaceutical companies have pulled back from antibiotics despite two decades of screaming alarms from the public health community: There is not much money in it; inventing new antibiotics is technically challenging; and, in light of drug safety concerns, the FDA has made it difficult for companies to get new antibiotics approved.”
Gosh, how much harder, exactly, Washington Post?
Shlaes said that concerns about antibiotic safety — driven by deaths linked to the drug Ketek that came to light in 2006 — have made the FDA reluctant to approve new antibiotics. “They’ve basically made it impossible for companies to develop and market antibiotics in the U.S.,” he said.
Hey, here’s a question: if a government agency makes it “basically impossible” for me to develop and market something, how exactly is it a failure of Capitalism when I decide to NOT try to develop and market that something??!? Even for the Post, that’s a stretch. This is “1984” logic here:
“You are a slow learner, Winston,” said O’Brien gently.
“How can I help it?” he blubbered. “How can I help seeing what is in front of my eyes? Two and two are four.”
“Sometimes, Winston. Sometimes, they are five. Sometimes they are three. Sometimes they are all of them at once. You must try harder.”
–“1984” by George Orwell
I’m used to the Washington Post “Orwell-izing” the truth; happens every day. No, what concerns me is the result of the FDA meddling in drug research which saves countless lives. This story yet again highlights our government’s innate ability to screw up (vs. help) any given industry it contacts. It’s as if the Government fancies itself as King Midas and, as in that fairy-tale, its “Golden Touch” is actually the Kiss Of Death.
As a parting thought, ask yourself: will Obama/Biden or Romney/Ryan be more likely to increase the span, reach and overall negative effect of the government over the private sector in the next four years?
Take your time; it’s a tough one, I know…..