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To: E. Davies who wrote (12230)	7/10/1999 8:40:00 AM
From: Mike Buckley	Respond to of 29970

The [Canadian] government rarely regulates an industry to its death. Usually it just chokes it until every breath is a tedious agony. You get life, but nothing thrives. That's interesting. Just last night I heard a report on National Public Radio that people are buying a drug (can't remember which one) in Canada because it costs 1/8 the amount of buying it in the U. S. That's because Canada has regulated the price. Manufacturers of the drug are saying that the U. S. government recognizes the profit (or at least the potential for profit) needs to be significant. Otherwise there is no incentive to make the very large investments needed to bring drugs to market. Their point is that the Canadian government (and others) are getting a free ride because they are benefitting from the drug companies' risks but aren't having to pay comensurately for having taken that risk. It will be interesting to see how Canada's take on the drug issues applies to the cable issues. --Mike Buckley