humilities, on 2014-August-27, 09:27, said:
So much of these debates seem to come down to the same basic question:
Is it desirable to have a system that develops more advanced drugs, treatments, procedures, etc - knowing in advance that only a certain percentage of the population will have access to them? Or is an equitable, but less advanced, system preferable?
Or maybe you think that's a loaded question. Is a strictly regulated system that also maximizes innovation possible? If so, are there any examples of this?
You obviously are not familiar with Bell Laboratories. You might look up their history in a totally regulated market, coming up with innovations for which their parent company was not allowed to profit.
Innovation is not about money; innovation is about curiosity.
If you think that a government-employed scientist in a government-owned laboratory would not work as diligently and keenly as a private sector scientist who is paid in stock options then I would say your head is buried in an ideological sandbar - and, btw, the government-employed scientist has no motivation for short-cutting research or faking results - not so the one who could make millions.