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To: Sam Citron who wrote (2942)	10/22/1997 10:57:00 AM
From: sawgrass	Read Replies (1) \| Respond to of 10921

<correct policy....> Academics and politicians have been arguing that point for years. Where do we need more regulation and where do we let the market decide. Monopolistic behavior does not price efficiently and therefore wastes resources. The "social" issues are indeed important and critical in making economic decisions. Health Care,as you point out is one of the most important issues facing us. However, should we centralize the decision making for these issues. By doing so, we replace one monopoly with another. Neither of which will utilize recources effeciently.

To: Sam Citron who wrote (2942)	10/22/1997 11:04:00 AM
From: jweiner	1 Recommendation Read Replies (2) \| Respond to of 10921

<Yes. But if you invent something that is vitally needed, say a cure for cancer, what is the optimal time that society should grant you a monopoly on this wonderful drug? > Sam, this is exactly the case for a society's governing structure to fund basic research. The inventors are beneficiaries of the various social, educational and technical infrastructures of their society (as well as good contributors to this same set of infrastructures). As participants in a society, they certainly do not gain the right to withhold life from their fellow citizens in order to "profit" (in the base sense) from their interest for a few years. A fairly salaried research grant and the very real (and priceless) sensation of improving the lives of their fellows is surely ample reward doncha think? to all-I have great respect for the level of thought on the thread! This immeasurably enriches the mundane task of accumulating our fortunes by becoming marginal owners of the tools of production. jw