Post
Topic
Board Politics & Society
Re: Intellectual Property - In All Fairness!
by
Hawker
on 01/09/2011, 10:44:32 UTC

Thanks for the link. The relevant part in the video is at 57:06 where the doctor speaking states that the pharmaceutical companies didn't need the patent system before FDA regulations. What mattered was being first-to-market because even when there was a second-to-market, the first-to-market still kept 80% to 90% of the customers. It was only because of the FDA regulations, which made the costs so high to develop new drugs, that the patent system became so important. In other words, get rid of the FDA at the same time you get rid of patents and we will have safe drugs, cheaper and faster. I think this is the nail in the coffin for intellectual property. Thanks again.

The FDA regulations are there for a reason.  Bad drugs kill people.  If your idea is to allow unregulated drug sales is implemented, some people will die for no good reason.