There's no doubt that our nation's current concept of the FDA's mission is a dismal failure. It look's great on paper: Make sure a drug is perfect, or you don't sell any. Ever. But, in accepting that utopian theory, we are turning our backs on immense scientific breakthroughs and the improvements in life that they could bring. As the world matures, the US will fall far back in the scientific fields that we have pioneered since WWII. R-Man, I think you will find that Congress has been far more culpable in getting us to this crisis (yes, it's a crisis) than any administration barely a year old.
Drugs will have to go on the market, and some will be found to be disappointing, even ineffective. The alternative-which we live with today-is not only a medical system that is less effective than it could be, but increasley costly, as innovation and obsolescence are inhibited. In the longer run, we will be viewed as barbarians, who let people suffer and die unnecessarily because we were afraid.
VD: Don't give it up. Failures in individual stocks are a part of investing. Stocks fail-not their investors, if they remain knowledgeable, disciplined, and determined... |
