If I need testing for someone else’s insulin, I can get that for cheaper than the regulatory capture insulin. They don’t work for us.
ah yes, use the totally legit bio-med test service down the road, due to the FTC not being a thing they can totally and without any repercussions just lie to you because they have a deal with the person selling you the insulin.
Then again, you have been hoodwinked into some “regulatory capture” bullshit, in reality, insulin is so expensive in the USA because no one has the capital wants to sell it cheap, it’s a risk for minimal rewards, the demand is literally your life, so the cost can be as high as anyone wants it.
as for the whole “but the free market” and “supply/demand”, do you think the people setting these prices don’t know what the prisoner’s dilemma is?
There is just so much going on here.
Are we discussing a situation in which only the FDA is gone, or complete anarchy?
Do you believe that regulatory capture is bullshit?
People knowing about a prisoner’s dilemma doesn’t make it go away.
Are we discussing a situation in which only the FDA is gone, or complete anarchy?
the premise was no government services paid for by taxes, and without taxes there are no government anything.
Do you believe that regulatory capture is bullshit?
regulatory capture is commonly trodden out by people as an example of big government bad, when it doesn’t happen as often as these people like to pretend it does (take, for example, your misconception that the FDA is the cause of high insulin prices), not the fact that it is just a failure to deal with corruption.
People knowing about a prisoner’s dilemma doesn’t make it go away.
that’s the fun part tho, both parties knowing about the prisoner’s dilemma DOES make it go away, as the most successful models, over a longer set of games, tend to be Tit-for-Tat models