a big drugmaker shut down for a year in part to meet Food and Drug Administration rules. The FDA makes it so expensive and difficult to sell drugs that there isn’t an eager pack of companies rushing to the fill the gap. The free market would provide that, but government intervention, such as low Medicare reimbursement, strangles it. So people suffer.
Does the FDA say it’s sorry for its part and back off? Of course not. Regulators almost never do that. In fact, the FDA wants more power.
It wants to regulate how your doctor uses his smartphone. I’m not kidding!
Asderathos: On a side note, it [Govt. interference in food etc] all began with “The Meat Inspection Act" which was created in direct response to an ignoble polemic written by a Communist who hated the response anyway!!!