To whom it may concern:
This thread is for the discussion of Less Wrong topics that have not appeared in recent posts. If a discussion gets unwieldy, celebrate by turning it into a top-level post.
(After the critical success of part II, and the strong box office sales of part III in spite of mixed reviews, will part IV finally see the June Open Thread jump the shark?)
I can kind of see how a private company could test and recomend/approve drugs, but what about snake oil sales men. No, this system wouldn't work at all. To many people would die or be seriously hurt for no reason.
The FDA doesn't prevent snake oil salesmen: various kinds of alternative medicine escape regulation. It seems regulation primarily applies to treatments that might actually have a hope in hell of working.
Are you considering the other side of the ledger? The people deprived of potentially life saving new treatments because they have not yet been approved? The innovative new medical companies that never get started because of the barriers to entry formed by the regulatory agencies and the big pharmaceutical companies who know how to navigate their rules? The... (read more)