He's not right. He's marginally correct: First, he ignores that even under current circumstances a lot of people die from quackry (and in fact, the example he uses of Steve Jobs is arguably an example since he used various ineffective alternative medicines until it was too late). Moreover, cancer mortality rates are declining, so the system isn't as ineffective as he makes it out to be. His basic thrust may be valid- there's no question that the FDA has become more bureaucratic, and that some laws and regulations are preventing research that might otherwise go ahead. But he is massively overstating the strength of his case.
First, he ignores that even under current circumstances a lot of people die from quackry (and in fact, the example he uses of Steve Jobs is arguably an example since he used various ineffective alternative medicines until it was too late)
Steve Jobs sought out quackery. You seem to be confused by what is meant by quackery here:
...The entire thrust of our medical regulatory system, from the Flexner Report to today, is the belief that it's better for 1000 patients to die of neglect, than 1 from quackery. Until this irrational fear of quack medicine is cure
If it's worth saying, but not worth its own post, even in Discussion, it goes here.