mattnewport comments on Open Thread: June 2010 - Less Wrong

5 Post author: Morendil 01 June 2010 06:04PM

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Comment author: JoshuaZ 02 June 2010 11:32:49PM -1 points [-]

There is absolutely no reason why a potentially dangerous activity necessitates government involvement to mitigate risks.

Since the italics are yours, I'm going to focus on that term and ask what you mean by necessitate? Do you mean society will inevitably fall apart without it? Obviously no one is going to make that argument. Do you mean just that there are potentially ways to try to approach the problem other than the government? That's a much weaker claim.

You can make the same argument with regard to many goods and services available in our complex modern world. It is equally flawed when applied to drugs as when applied to computers, cars or financial products. There is no reason why government has to play the role of gatekeeper, guardian and guarantor. In markets where government involvement is minimal other entities fill these roles quite effectively.

Really? Cars are extensively regulated. The failure of government regulation is seen by many as part of the current financial crisis. And computers don't (generally) have the same fatality concerns. What sort of institution would you replace the FDA with ?

Comment author: mattnewport 03 June 2010 12:19:59AM 2 points [-]

Since the italics are yours, I'm going to focus on that term and ask what you mean by necessitate?

I mean that recognizing the existence of a perceived problem does not need to lead automatically to considering ways that government can 'fix' it. Drug prohibition is a classic example here. Many people see that there are problems associated with drug use and jump straight to the conclusion that therefore there is a need for government to regulate drug use. Not every problem requires a government solution. The mindset that all perceived problems with the world necessitate government convening a commission and devising regulation is what I am criticizing.

What sort of institution would you replace the FDA with ?

I'd abolish the FDA but I wouldn't replace it with anything. That's kind of the point. People would still want independent assessments of the safety and efficacy of medical treatments and without the crowding out effects of a government supported monopoly there would be strong incentives for private institutions to satisfy that demand. The fact that the nature of these institutions would not be designed in advance by government but would evolve to meet the needs of the market is a feature, not a bug.