In other words, what is needed is one or more effective
cures for Ebola and low-cost, reliable methods of stopping its spread. Unless
and until this can be done, the whole world remains at risk of being ravaged on
a scale exceeding that of the Black Plague in the 14th century. With
today’s highly interconnected global economy, Ebola has the potential to infect
practically every one of the world’s more than seven billion people. With a
mortality rate of seventy percent, that implies a potential for approximately
five billion deaths.
And Ebola is not the only disease that threatens mass
death. There are also various strains of flu and other respiratory illnesses.
No less frightening is the fact that existing antibiotics tend to lose their
effectiveness as bacteria become resistant to them, with the result that there
is a continuing need for new antibiotics in order to in order to stay ahead of
the changes in bacteria populations and thereby avoid losing the benefit of many
of the medical advances made in the last century.
It is impossible to meet such threats under today’s governmentally
imposed FDA regimen, in which it typically takes more than twelve years to
bring a new drug from the laboratory to the market and requires an investment
ranging from several hundred million to more than a billion dollars. Indeed, it
appears that there could already have been a cure for Ebola if its development
had not been been stifled by this regimen. According to The New
York Times, “Almost a decade ago, scientists from Canada and the
United States reported that they had created a vaccine that was 100 percent
effective in protecting monkeys against the Ebola virus.” But, as The Times put it, “The vaccine sat on a
shelf.” It sat on a shelf because of the prohibitive costs imposed by the FDA
on the development of new drugs.
The FDA regimen that we
have for the development of new drugs was established for the intended purpose
of making new drugs safe and effective. But its actual effect has been to leave
us in a position in which we have drugs of zero effectiveness because those
drugs have been prevented from even existing in the first place, and in which
we are all terribly unsafe because of the absence of those drugs. The effect of
the FDA’s regimen has been to prevent the development of the medicines on which
countless lives depend.
It is true that about fifty-five
years ago the FDA, by refusing to approve the use of Thalidomide as a
tranquilizer for pregnant women, prevented a substantial number of babies being
born with severe birth defects. It may also be true that in keeping as many new
drugs off the market as it has, it it has also succeeded in preventing other,
similar disasters. Of course, if it kept all new drugs off the market, there
could be absolutely no disasters caused by new drugs. The disaster, the far
greater disaster, would then be the absence of new drugs. What the FDA has
achieved is precisely a substantial movement in that direction. It protects us
by preventing us from taking the risks inherent in progress. This is not
protection, but a formula for unprecedented disaster. In the face of such a
tradeoff, the United States and the rest of the world would be safer without
the FDA.
To have a chance of
overcoming Ebola and other potential public health calamities, the FDA must
lose its monopoly on deciding what medicines can be produced and sold in the
United States. Short of its being abolished altogether, which would be the best
solution, its powers must be reduced to that of an advisory body only, in which
case, while it might continue to approve or disapprove of drugs, no one would
be compelled to follow its decisions. Then we would have a fighting chance to
once again make the world safe from plagues.
*Copyright © 2014 by George
Reisman. George Reisman , Ph.D. is Pepperdine University
Professor Emeritus of Economics and the author of Capitalism: A Treatise on Economics (Ottawa, Illinois: Jameson Books, 1996). See his Amazon.com
author's page for additional titles by him. His website is www.capitalism.net and his blog is georgereismansblog.blogspot.com.
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