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Just in Time: Another Liberal Who Knows Everything

FletchforFreedom Wrote: Feb 03, 2013 7:59 AM
And yet the Left can't get the research issue even close to right, believing that government research is the boon to mankind. The facts are entirely different. In OECD countries, many of which are largely socialized, roughly two-thirds of all R&D is performed by the PRIVATE sector (that includes medical research). In the US, that percentage is more in the range of 80% and, excluding research into military applications, it's closer to 90%. Government research is overwhelmingly NOT behind the advances in medical or other types of advances.

ZealousConscript wrote: As far as the cost of prescription medicine, I would suggest "The $800 Million Dollar Pill" by Merrill Goozner. Pretty damning evidence about how Big Pharma uses government funding to research drugs, then turns around sells them at astronomical cost in order to increase their profit margin.- Don't Let Obama Kill "Pills for Profit"

Dear Comrade Zealous,

Strike one is that Goozner is from Chicago. Strike two is that Goozner was the Chief Economics Correspondent for the Chicago Tribune.

And there is one thing worse than being an economist, and that’s being a journalist. And to sink...

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