Wednesday, April 13, 2011
Bravo Sherrod
The PERFECT example of how the supposed 'economy of scale' no longer works.
From NPR this morning:
A form of progesterone that prevents some premature births has been available for 8 years through local pharmacies that know how to make the compound. The cost is about $30 a month, which is eminently affordable.
Recently the FDA approved a Big Pharma version by KV Pharmaceuticals, and FDA also started prosecuting local pharmacies that "violated KV's license" by continuing to make the $30/month version. Why does KV need a protected monopoly? Because their version costs $6000 per month. Only affordable by very rich people or government-subsidized people.
Sen Sherrod Brown of Ohio pushed on the FDA, and they finally agreed to stop prosecuting the honest businesses.
Good for Brown, but if we were still a capitalist country his special effort wouldn't have been needed.
We are a Mafiocracy, where honest business must pay protection to the gangs. Can't afford the protection, get whacked. Centralize, monopolize, commoditize, securitize. ¶ 6:46 AM
From NPR this morning:
A form of progesterone that prevents some premature births has been available for 8 years through local pharmacies that know how to make the compound. The cost is about $30 a month, which is eminently affordable.
Recently the FDA approved a Big Pharma version by KV Pharmaceuticals, and FDA also started prosecuting local pharmacies that "violated KV's license" by continuing to make the $30/month version. Why does KV need a protected monopoly? Because their version costs $6000 per month. Only affordable by very rich people or government-subsidized people.
Sen Sherrod Brown of Ohio pushed on the FDA, and they finally agreed to stop prosecuting the honest businesses.
Good for Brown, but if we were still a capitalist country his special effort wouldn't have been needed.
We are a Mafiocracy, where honest business must pay protection to the gangs. Can't afford the protection, get whacked. Centralize, monopolize, commoditize, securitize. ¶ 6:46 AM
