Message from @Sh0t
Discord ID: 639530380478906369
The wording is clumsy, but I get what people mean when they say it that way
I think libertarian types(like myself) do a bad PR job when we say it that way
it's just not true
Well what do you think about the FDA and the issue there of regulatory capture?
regulatory capture is a libertarian's dream
is it? I thought it was something libertarians are against
The U.S. health care cost crisis didn’t start until 1965. The government increased demand with the passage of Medicare and Medicaid while also restricting the supply of doctors and hospitals.
all the evils of regulatory capture would happen a thousandfold if those agencies did not exist
quite simply, no
1965 is when the generation that fought WWII started getting old
Are we sure though, during the PRogressive Era for example, cartelizing various industries is how we got most of these agencies to begin with
such as?
1906 pure food and drug act in FDA's case
the guy who was behind that was kind of nuts
Wiley
without the FDA we wouldnt know what was in our food and drugs
the free market could not operate without it
I can understand the reason fo rhaving a watchdog, but I think that attributes the wrong motives to the origins of som eof these agencies
who cares about the origins?
they all came around in the same 20 year window, the federal erserve included, trying to cartelize and become a corporatist state was the agenda
nonsense
these agencies are comprised of real people
not some shadowy cartels
plenty of good people work there, some are also in the revolving door with the drug companies
yes, I agree
i have a familial connection with the fda, i know they are good people
the solution to that is more regulation, not less
I can't ignore the revolving door and the politics and think nothing is wrong
yeah, I agree
it needs to be legislated out
well I will say 'reform', because some times the regulations are in the direction of LESS health
it's not as simple as 'more regulation' but i get what you mean
for example, with the fda, the issue of how they operate as a caretlization device to really hurt smaller firms is no joke
we need major lobbying reform- there is no question there
is that a 'more reuglation' issue?
or is it 'reform'? maybe needs a new title
exactly what the FDA should and shouldn't do is up for debate, absolutely
but typically what libertarians say is that it should not exist
i also rememebr when the FDA was going around trying hard to crush the holistic health industry
wanting vitamins to be by prescription, etc