Subject:
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Re: Why is AIDS such a big deal?
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Thu, 25 May 2000 22:23:07 GMT
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Viewed:
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1066 times
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In lugnet.off-topic.debate, Frank Filz writes:
> It seems to me that in a totally free market, the research dollars would get
> pretty well spent where there was the best return.This won't perfectly satisfy
> everyone (or even most people), but that will be because some problems which
> affect a lot of people don't provide enough potential for return to justify a
> large expenditure of money.
No, the research dollars will be spent where there is the *perception* of best
return. Further, it may be simply be the perception of the best short-term
return. And just to add to that, it may involve more resources than a single
company can handle with lots of inertia to combining resources. The free
market is a wonderful place, but it can also be extremely short-sighted and
sometimes even blind (not that this doesn't apply to virtually any system).
Bruce
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Message is in Reply To:
 | | Re: Why is AIDS such a big deal?
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| (...) the (...) For research of course one can't use pure cost/benefit analysis. There has to be risk and potential analysis also. Also, some amount of basic research must continue, so that you don't purely allocate money by ranking all the possible (...) (24 years ago, 25-May-00, to lugnet.off-topic.debate)
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