While I’m waiting for my car to have some routine maintenance I came across neighbor TigerHawk’s post, who is agitated on many subjects. (TH is slumming it at the Adirondacks, after slumming it in Florence, but I digress)
In the end, why am I for small and limited government? Because history teaches that among the choices of (1) democracy, (2) heterogeneity, and (3) effective and efficient government, one must pick any two. It is no surprise that our only era of effective government on a large-scale came just after the only period in American history when we effectively banned immigration and before the political emancipation of blacks. Since I like democracy and am all in favor of a free, tolerant, and heterogeneous society, I believe that virtually any government program over which the voters have influence will descend in to a wasteful and counterproductive mess, ultimately captured by some narrow constituency. I believe that liberals instinctively agree, which is why they much prefer actions by federal judges and regulators, both of whom are effectively beyond the reach of voters, to detailed legislation from the United States Congress.
In the same post, TH also posts on a subject he knows a lot about: medical innovation,
one of the objectives of health care reform is to stifle innovation. That is why it includes a tax on the revenues of medical device companies, which will (obviously) substantially raise the return hurdles on investment in new products and thereby entrench old products. The reason for this is that the social engineers in the White House believe that most innovation in medical technology drives up costs — that manufacturers use the opportunity of a next generation product to raise prices. This cramped attitude stands in stark contrast to the chaotic-capitalist view that seems self-evident to me: that most innovation in health care as in all industries does not occur in revolutions but in tiny incremental steps that, over time, add up to a great deal. One cannot point to very many incremental changes in automobile design between the Ford Model-T and, say, a Lexus 450h that accomplished a provable difference in “outcomes,” but the accumulated innovation, each on top of the other, sure made our lives much better. So it is with medical technology, which is why even small innovation is important to our children.
Anyway, it is not only Obama care that is stifling innovation. So is the Obama FDA, which has massively increased the time it takes to get “substantially similar” new products approved.
The average time taken by U.S. Food and Drug Administration to clear a 510(k) application increased 37 percent between 2006 and 2011.
Many of you will live more painful, less comfortable, or even shorter lives because of Obama administration policy. Remember that.
And worse yet, even if the healtcare legislation were to be totally repealed, the FDA hurdles will still continue to impede innovation.
