
Ep. 2145 Does Intellectual Property Exist?
The Tom Woods Show
00:00
Pharmaceutical Innovation - Is Patents the Most Damaged Product in Pharmasuticles?
The cost of developing a new pormo cuitacle is very high, primarily because of the fda. The innovation is fairly cheap and fairly quick nowadays, like coming up with the new formula. It's just then you have to do clinical trials to test it,. And that takes time, and it takes lots of money and lots of lawyers. Without the fda, you can keep your stuff secret for a longer time. So in short, why not get rid of both?
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