[HN Gopher] Who regulates the regulators? We need to go beyond r...
       ___________________________________________________________________
        
       Who regulates the regulators? We need to go beyond review-and-
       approval
        
       Author : jasoncrawford
       Score  : 127 points
       Date   : 2023-05-05 15:42 UTC (7 hours ago)
        
 (HTM) web link (rootsofprogress.org)
 (TXT) w3m dump (rootsofprogress.org)
        
       | [deleted]
        
       | Glyptodon wrote:
       | FWIW what I've seen from IRBs isn't so much risk aversion as
       | institutional protectionism where they seem to do a good job of
       | keeping things quiet when stuff goes wrong.
        
       | paulddraper wrote:
       | People are quick to point out the deficiencies of Adam Smith's
       | invisible hand.
       | 
       | But then turn around and appeal to an equally dubious deity.
        
       | jcq3 wrote:
       | Who regulates the regulators of regulators?
        
         | pandemicsyn wrote:
         | Warren G?
        
         | m463 wrote:
         | gitlab won't allow the merge unless it is signed off.
        
       | anon223345 wrote:
       | this is very true with the FAA
       | 
       | They're so concerned with rule making and red tape they forget
       | their actual mission
        
       | version_five wrote:
       | they hired a new staff of administrators to wield the real power.
       | These administrators had never done research themselves, had no
       | particular interest in research, and their entire career track
       | had been created ex nihilo to make sure nobody got sued.
       | 
       | This is not limited to drug approvals, and is imo on it's way to
       | destroying society. Everything we do it governed by safety
       | obsessed technocrats with no understanding of human priorities,
       | only of minimizing liability. There needs to be a return to some
       | sensible balance.
        
         | derbOac wrote:
         | Really in many cases it's been co-opted for special interests
         | for the sake of rent seeking. It's just layers of problems at
         | this point.
        
       | PaulKeeble wrote:
       | Another aspect of this is that a lot of regulation doesn't really
       | work, it gets corrupted or bloated in numerous ways because it
       | might help but actually doesn't. The separation between people
       | doing the thing and those overseeing it leads to ineffective
       | regulation that ends up not actually saving lives and also
       | potentially costing a lot of manual time to adhere too.
       | 
       | I am not sure liability insurance is necessarily the complete
       | answer. I think widening of criminal charges for breaching
       | regulation should absolutely be pursued alongside liability for
       | harms to humanity, there should be a basic duty of care to the
       | the planet and its inhabitants and to the people that work for
       | you that they are not harmed by your endeavours. We can't just
       | continue allowing wage theft all the way up to mass destruction
       | to the environment and treating it like its just a small fine
       | that is necessary to resolve it. The system needs to expel those
       | willing to take minor risk of getting caught for the large
       | personal gain.
        
         | rtkwe wrote:
         | I see this all the time but it seems every time we go through a
         | round of regulation trimming based on that premise we see the
         | industry in question suffering issues within a couple years,
         | and the cycle seems to just keep getting tighter.
         | 
         | The 90s/early 00s cut back banking regulation and then we had
         | the 08 crash. Trump rolled back some rail regulations and now
         | we've got serious incidents happening there. Of course
         | businesses hate the regulations they're generally preventing
         | profitable but very risky behaviors with externalities beyond
         | the business that's taking the risk.
         | 
         | Combine that with Supreme Court decisions that have limited
         | courts abilities to punish companies when they do mess up by
         | limiting things like punitive damages and the picture gets
         | bleak for any option other than up front, very paperwork heavy
         | regulation.
         | 
         | If we could trust businesses to actually follow rules and not
         | take disastrous short cuts to make a buck maybe we could have a
         | less heavy handed regulatory system but time and time again
         | shows voluntary compliance or self regulation isn't a viable
         | option.
        
           | pitaj wrote:
           | > The 90s/early 00s cut back banking regulation and then we
           | had the 08 crash.
           | 
           | Little to no evidence that the deregulation was the cause
           | 
           | > Trump rolled back some rail regulations and now we've got
           | serious incidents happening there.
           | 
           | Derailments have increased recently but are still lower than
           | they were in 2000.
        
       | realjhol wrote:
       | It's all just a mirage. You can never avoid the Iron Law of
       | Oligarchy: it doesn't matter what system you think you have -
       | monarchy, democracy, anarchy, dictatorship; what you have always
       | amounts to rule by oligarchs
        
       | lacker wrote:
       | I think the core problem is the incentives of the regulators.
       | Groups like the FDA are democratic institutions, but if their
       | only goal is to have the approval of national politicians, the
       | feedback they get is either negative if there's a bad product
       | released, or neutral if there is no terrible product released.
       | The FDA must have done something right - what have they done
       | right? We don't even know. Their incentives are basically, stop
       | as many drugs as possible, but avoid public scandals.
       | 
       | As long as the incentives stay the same, I don't see how a change
       | to, say, liability model, would make any difference. The
       | regulator can still set legal penalties high enough to stop any
       | innovation, if they want to.
       | 
       | Ideally there would be some positive incentive on the regulator
       | as well as negative incentives. Perhaps somehow they could be
       | responsible for the overall success of an industry, rather than
       | just avoiding the negatives.
       | 
       | It's especially hard though when you are regulating foreign
       | businesses. It might be dumb to prevent the Microsoft-Activision
       | merger, but what incentive do UK regulators have to get it right?
       | 
       | If the incentives are all just politics then maybe the only real
       | answer is politics, like the YIMBY movement seems to be somewhat
       | effective at fighting anti-housing regulation. It is not really
       | changing the paradigm per se, it is just changing the rules to be
       | more pro-housing.
        
         | marcosdumay wrote:
         | > the feedback they get is either negative if there's a bad
         | product released, or neutral if there is no terrible product
         | released
         | 
         | Yeah, in some ideal world things would work like that.
         | 
         | On the real world, there is also an strong incentive not to
         | block the profitability of any powerful person, and your
         | paragraph applies only to powerless ones.
         | 
         | A couple of decades ago, there was a strong movement on the
         | governments to measure and publicize the societal costs of the
         | regulators procedures. Leaded by the US and Germany. But then
         | we got the stupidification of politics, that stopped it
         | completely.
        
         | pjscott wrote:
         | > The regulator can still set legal penalties high enough to
         | stop any innovation, if they want to.
         | 
         | A liability model has a couple of advantages despite this:
         | 
         | 1. The regulator has some slack to _not_ set penalties insanely
         | high. As long as they 're seen enforcing those penalties
         | against someone periodically, and as long as the penalties
         | sound like a big number to the general public, they can look
         | like Stern Serious Regulators who are doing their jobs
         | properly. The difference between a $5M fine and a $10M fine can
         | have huge financial implications, but to the political circus
         | those numbers are both roughly the same size, i.e. big. This
         | allows the regulators to be more reasonable if they want to be.
         | 
         | 2. Using liability rather than specific procedural rules lets
         | the people closer to the ground decide how to most efficiently
         | mitigate risk. Suppose that you run a factory, and sometimes
         | people get injured by careless operation of a rotary saw. A
         | naive regulatory approach might be to require that an
         | additional person be watching whenever the rotary saw is in
         | use. And that would probably help with safety _somewhat_ ,
         | though at great cost. But if the regulator instead just
         | requires workman's compensation payments to be made when
         | someone gets hurt, then you can try to figure out a better way
         | using your own knowledge of how your factory operates.
         | (Historically, the adoption of workman's comp laws led to
         | factories hiring engineers to make the equipment harder to
         | accidentally misuse. That rotary saw, for example, would have
         | had a cheap guard retrofitted -- and that would improve safety
         | much more, for a much lower cost, than the "have an observer at
         | all times" rule.)
        
           | mcguire wrote:
           | 1. If the penalties are not insanely high, it just becomes
           | another cost of doing business issue.
           | 
           | 2. If you look at IRBs, how much do you think Scott Alexander
           | is going to be able to pay for liability insurance? The
           | review model does have some advantages.
        
           | js8 wrote:
           | The liability model has a big downside, though. Because
           | sometimes people in charge are idiots, they ignore common
           | sense and make risks. So they possibly get burned only when
           | accident happens, which costs human health and lives.
           | 
           | Regulation is intended to prevent human harm by setting and
           | enforcing a safety standard.
        
             | pjscott wrote:
             | The usual hack for dealing with this is to require
             | liability insurance. The insurer has incentives to set
             | premiums at a level that reflect risk, along with
             | reasonable contract conditions -- e.g. "Put guards on all
             | your rotary saws, and yes we will be sending inspectors in
             | to make sure they're being used properly."
             | 
             | (How is this different from an ordinary procedural
             | regulator? Because the insurance market has competition,
             | which means that the insurance companies aren't only trying
             | to optimize for reducing risk -- they're trying to reduce
             | risk _efficiently._ And if they 're not very good at it,
             | they can be outcompeted by someone who is.)
        
             | AnthonyMouse wrote:
             | That only applies to large rare risks. If a risk is common,
             | anyone who ignores it quickly goes out of business from the
             | liability, so anyone still in business is taking effective
             | measures. If a risk is rare and has a low impact, ignoring
             | it frequently _is_ the right thing to do.
             | 
             | You're left with things like plane crashes, which have to
             | be minimized even if they're already rare. But that kind of
             | regulation is extraordinarily expensive, and then the same
             | regulatory model gets applied where it isn't needed.
        
             | BurningFrog wrote:
             | Aren't all models vulnerable to "sometimes people in charge
             | are idiots"?
        
             | konschubert wrote:
             | That is where _mandatory_ liability insurance comes into
             | play. Because the insurer will check... and if the people
             | in charge are idiots, the insurance will charge them high
             | premiums.
             | 
             | I am not sure how well this works in practice - but I think
             | the idea has real merit.
        
               | aero142 wrote:
               | There is an issue with correlated vs uncorrelated risks.
               | This is the reason that only the federal government can
               | offer FDIC insurance for banks and disaster insurance in
               | Florida. When banks fail, they tend to all fail at the
               | same time and there is no insurer that could hold enough
               | reserves to actually pay out if they all fail together.
               | Private insurance can cover fire insurance for homes, but
               | is unlikely to have enough in reserves to pay if a
               | category 5 hurricane floods half the homes in Florida.
        
         | cornholio wrote:
         | The regulator has not only negative feedback when they fail,
         | but also everyday pressure from lobby and interest groups,
         | politicians, companies etc. to do their job faster and "cut the
         | red tape". See for example the very public shaming of FAA by
         | Elon Musk when while expecting launch licenses, tweeting 'sad
         | Escobar in swing' memes etc. And that was just the visible tip
         | of an iceberg of lobbying under the table.
         | 
         | So there is some sort of equilibrium forming, not necessarily
         | an optimal one, but the ratchet does loosen occasionally. For
         | example, FDA has famously succumbed to public pressure and
         | reformed its procedures for drugs for terminal diseases so that
         | patients who have nothing to lose can accept much riskier
         | treatment trials, to speed up development for such drugs.
         | 
         | I say it's not an optimal equilibrium because nobody
         | incentivizes for the common good. Politicians should, but they
         | seldom do. For example, the nuclear industry would lobby and
         | pressure for rapid approval of their existing traditional
         | methods, but they would, as a whole, be very aggressive against
         | a startup with an innovative design. What better way to kill
         | such a competition than to call your regulator, lay out your
         | 'concerns' and bash the startup with thick rulebook, even if
         | those rules are not at all relevant for the new thing, they
         | still have to comply for a 'fair' playing field.
        
         | Nifty3929 wrote:
         | I wonder if part of the issue is that FDA approval implies
         | Medicare coverage, which is expensive. And so as a pragmatic
         | matter the FDA slows approval for financial reasons. I don't
         | know if it works at all like this, but the thought did come to
         | mind.
        
         | hanniabu wrote:
         | > The FDA must have done something right
         | 
         | They have just as many issues as any other regulating body.
         | There's many ingredients that are deemed safe in the US that
         | the rest of the world has banned.
         | 
         | Every regulating body has been compromised thanks to late stage
         | capitalism.
        
         | jjoonathan wrote:
         | Yeah, this is tough, because the obvious counterbalance to
         | "only negative incentives" is to add some positive incentives
         | but the US Patent and Trademark Office is an example of what
         | can go wrong with positive incentives: there are loads of
         | garbage patents on the book and one can't help but wonder if
         | that's because the USPTO is financially incentivized to put
         | them there.
        
           | fallingknife wrote:
           | Overall I agree, but I would say that is also an example of a
           | negative incentive. A patent is restrictive and prevents
           | innovation and competition in the market. So the patent
           | office erring on the side of granting dubious patents is a
           | restrictive policy same as the FDA erring on the side of not
           | approving useful drugs.
        
           | Nifty3929 wrote:
           | I agree, though I am much less bothered by a proliferation of
           | pointless patents than by a dearth of life-saving treatments.
        
         | slavboj wrote:
         | The FDA is emphatically _not_ a democratic institution. Who
         | exactly do I vote for if I disagree with FDA policy? Can a
         | civil service FDA employee be fired on the grounds of
         | supporting a particular wildly unpopular policy?
        
           | rt4mn wrote:
           | I feel like thats a deliberate misreading of the parent
           | comment.
           | 
           | Of course the FDA is not, itself, a democratic instution. But
           | then neither is your local police department or NASA. The
           | reason those institutions are accepted despite the lack of
           | direct democratic accountability is because they are still
           | situated within the larger democratic institution (the US
           | government) and subject to oversight by those elected
           | representatives.
           | 
           | If you hate the FDA your best bet is to lobby against it
           | yourself (or help others that do). Its to much of an in-the-
           | weeds issue for it to be a high priority for most lawmakers
           | (unless maybe you live in a district with a lot of businesses
           | regulated by FDA)
        
             | firstlink wrote:
             | > Groups like the FDA are democratic institutions
             | 
             | > deliberate misreading of the parent comment
             | 
             | > Of course the FDA is not, itself, a democratic instution.
             | 
             | Can't tell if doublethink or just motte-and-bailey.
        
       | kmeisthax wrote:
       | >What areas of regulation have not fallen into these traps, or at
       | least not as badly? For instance, building codes and restaurant
       | health inspections seem to have helped create safety without
       | killing their respective industries. Driver's licenses seem to
       | enforce minimal competence without preventing anyone who wants to
       | from driving or imposing undue burden on them. Are there positive
       | lessons we can learn from some of these boring examples of safety
       | regulation that don't get discussed as much?
       | 
       | I'm pretty sure Louis Rossman has a massive playlist making fun
       | of how hilariously slow NYC's approval process for construction
       | work is. Adjacent to building codes is zoning laws, which exist
       | specifically to make sure American housing is shaped like a
       | speculative investment vehicle[0].
       | 
       | Driver's licenses err the other way: being licensed to drive is
       | hideously easy, suspensions of that license for unsafe driving
       | are far too uncommon, and people regularly flout the rules. Any
       | serious attempt to enforce the law is opposed as draconian, so
       | the law is only enforced on populations that cannot meaningfully
       | fight back[1].
       | 
       | >What other alternative models to review-and-approval exist, and
       | what do we know about them, either empirically or theoretically?
       | 
       | I'm not aware of any. In fact, while the author suggested
       | liability as an alternative; I would argue that liability and
       | review-and-approval are two sides of the same coin. You have some
       | liability, which you don't realize right away because
       | probabilistic outcomes allow lucky individuals and institutions
       | to dodge bullets, and then once you realize your liability is
       | higher than you thought you start engaging in review-and-
       | approval. In the case of the FDA, the liability was the risk of
       | public embarrassment and losing elections for allowing unsafe
       | drugs to hit the market. In the case of factories, the review-
       | and-approval processes are internal and unaccountable. While IRBs
       | can start out well-meaning and degrade into exercises in
       | speculative donkey blanketing[2], the factories will _start_ as a
       | CYA measure.
       | 
       | AI risk is particularly strange, because the biggest risk of AI
       | is just that the technology works _as intended_. Not just that it
       | works, or doesn 't work, but that it works and one company owns
       | it all. A cursory reading of selectorate theory would suggest the
       | ultimate disenfranchisement of everyone but the specific subgroup
       | of capitalists that happen to own parts of OpenAI, Microsoft, or
       | Google. What you need is not risk mitigation, what you need is to
       | force free publication and use of AI software. In other words,
       | Stallman was right[3].
       | 
       | >Why is there so much bloat in the contract research
       | organizations (CROs) that run clinical trials for pharma?
       | Shouldn't there be competition in that industry too?
       | 
       | Competition is an artifice of the 1970s. When we stopped blocking
       | mergers on antitrust grounds we functionally abandoned the
       | concept of private competition. This is why I don't think
       | liability is a fix. The author thinks that there are still
       | competitive pressures that would disincentivize over-regulation;
       | that is not the case.
       | 
       | [0] Not it's original intent, of course: the original idea was to
       | keep black people out of the suburbs. Like much else in the US,
       | the structure is not perpetuated for the sake of racism, but it
       | is an artifice of vestigial racism.
       | 
       | [1] This is mediated through poverty; rich towns have politically
       | active citizens that will fight back against new ways of
       | enforcing the law. Poor towns can fleece their people at traffic
       | stops, and they don't have to pay their cops as much as long as
       | they can be paid in police brutality. Thanks to vestigial racism
       | induced poverty, this disproportionately affects black people,
       | too.
       | 
       | The dynamics behind this are Cory Doctorow's "shitty technology
       | adoption curve."
       | 
       | [2] Covering your ass.
       | 
       | [3] Also Ned Ludd was right.
        
         | zajio1am wrote:
         | > Not it's original intent, of course: the original idea was to
         | keep black people out of the suburbs. Like much else in the US,
         | the structure is not perpetuated for the sake of racism, but it
         | is an artifice of vestigial racism.
         | 
         | Zoning laws limiting new buildings and artificially increasing
         | cost of housing are pretty universal feature in developed
         | world, even in racially homogeneous countries.
        
       | biomcgary wrote:
       | We don't have a succinct term that captures the real risks of
       | over-regulation (see the Sapir-Whorf hypothesis). I recommend the
       | term "metarisk" to describe the risks that come from being too
       | risk averse. As in: you are too focused on the risk and don't
       | understand the metarisk you are creating.
       | 
       | More generally, the public and journalists only seem to have the
       | intellectual capacity for first-order thinking, not second-order
       | (not speaking of individuals, per se, just the emergent
       | dynamics).
       | 
       | I would love to see an experiment that creates an agency that
       | regulates other agencies, which has the following mandate:
       | require all agencies to demonstrate that the all proposed
       | regulations and regulatory enforcement has an outcome that is
       | optimally beneficial for society. The agency would have the power
       | to fire employees of other agencies and to disband and
       | reconstitute entire agencies.
       | 
       | Don't get hung up on defining optimality, the metaregulators'
       | real job is just to have the regulators think twice before
       | letting their block-everything reflex kick in.
        
       | majormajor wrote:
       | So, summarizing the timeline here:
       | 
       | Bad things happened.
       | 
       | Review-and-approve regulation happened, things improved.
       | 
       | Another bad thing happened, at a much lower scale.
       | 
       | Regulators cracked down, professional admins replaced experts,
       | things got buried in red tape.
       | 
       | The author argues against review-and-approve but they don't
       | present a better alternative than that first review-and-approve.
       | They mention, but don't really endorse, liability law models. But
       | today's adversarial legal model in the US is _also_ slow,
       | expensive, and results in tons of cover-your-ass legalese at
       | large places.
       | 
       | The "ratcheting up" of the regulation enforcement seems like the
       | much bigger problem here than an "review and approve" model
       | itself. The need to look like you're doing _anything_ to try to
       | prevent bad things from ever happening.
       | 
       | We don't see that everywhere - we enforce speeding and reckless
       | driving laws, but sometimes people still die from traffic
       | incidents caused by those. The reaction _hasn 't_ been to put ten
       | times as many cop cars on the road, or ubiquitous speed cameras.
       | We did put in cameras for red lights, but those lost a lot of
       | momentum and were pulled back in some places instead of rapidly
       | turning into constant monitoring of everything about driving.
       | 
       | So is the problem just that politicians don't relate or
       | understand something like a medical study as well as they do
       | driving, and don't understand the tradeoffs and burden required
       | to try to make sure nothing went wrong, ever? If anything, I'd
       | expect that to result in industry lobbyists pushing deregulation
       | to have a _much_ easier go of it than they have. So I don 't get
       | it.
        
         | fallingknife wrote:
         | I think a lot of it is timing, bias towards the status quo, and
         | how much immediate tangible benefit there is to the consumer.
         | Take the example of electricity. It's quite easy to build a
         | coal power plant and extremely difficult to build a nuclear
         | power plant even though the former is much dirtier and more
         | dangerous than the latter. The reason is that when coal power
         | plants were invented, the alternative was no electricity. It
         | would have been politically impossible to make it difficult to
         | build them or shut down existing plants. People would have
         | rioted. Politicians would have been voted out. There were power
         | plant accidents, horrific pollution, tens of thousands of
         | deaths from coal mining disasters, but nobody is going to go
         | back to not having power, so this was just accepted and became
         | the status quo.
         | 
         | Then when nuclear power is invented and plants are built, the
         | alternative is coal, not going without power. So when there are
         | nuclear accidents, the regulators can go nuts and shut down
         | plants, and prevent new ones from being built. Consumers don't
         | care that much about what the source of their electricity is,
         | and coal is the status quo, so no politician loses their seat
         | for going back to it.
         | 
         | If nuclear power had been invented first, it and all its
         | problems would have just been accepted as the cost of having
         | electricity instead, and it would be extremely difficult to
         | build coal plants.
        
         | pjscott wrote:
         | > They mention, but don't really endorse, liability law models.
         | But today's adversarial legal model in the US is also slow,
         | expensive, and results in tons of cover-your-ass legalese at
         | large places.
         | 
         | They allude to no-fault workman's compensation laws, discussed
         | at greater length in this excellent article:
         | 
         | https://rootsofprogress.org/history-of-factory-safety
         | 
         | The trick there was to take the liability out of the
         | adversarial court system, by not requiring the injured party to
         | prove that the employer was at fault -- only that they got
         | injured somehow. And it worked much more reliably, with less
         | ass-covering and less overhead, than the previous tort-based
         | model.
        
           | firstlink wrote:
           | All three of these things are orthogonal:
           | 
           | 1) Negligence vs strict liability
           | 
           | 2) Tort model
           | 
           | 3) adversarial truth-seeking
        
       | pbreit wrote:
       | Also, who reviews the peer reviewers?
        
       | photochemsyn wrote:
       | This is a curious extract - why didn't the author do the obvious
       | research?
       | 
       | > "I don't know much about what happened in the ~60 years since
       | Kefauver-Harris [1962]. But today, I think there is good
       | evidence, both quantitative and anecdotal, that the FDA has
       | become too strict and conservative in its approvals, adding
       | needless delay that holds back treatments from patients."
       | 
       | There have been endless scandals since then related to lax
       | oversight and failures of the process, such as Merck's Vioxx
       | scandal (FDA approval despite evidence of heart issues, only
       | taken off the market after what $10 billion in sales???), the
       | Pfizer-Bextra scandal ($2.3 billion settlement), a whole host of
       | cancelled shady experiments, e.g.
       | 
       | > "A research scandal that led to the shutdown of 75 human
       | experiments at the University of Oklahoma medical school in Tulsa
       | has brought the departure of three top university officials and
       | dismissal proceedings against a scientist."
       | 
       | https://www.latimes.com/archives/la-xpm-2000-jul-22-mn-57464...
       | 
       | Then there's the movement of clinical trials overseas by the
       | likes of Pfizer to avoid FDA scrutiny, and resulting $7B lawsuits
       | by Nigeria etc.
       | 
       | https://www.theguardian.com/world/2007/jun/05/health.healtha...
       | 
       | If people are going to write articles calling for less regulation
       | of clinical trials in the USA by the FDA, they should at least
       | try to inform themselves on recent history.
        
         | LeifCarrotson wrote:
         | The presence of a handful of scandals with huge settlements
         | does not need that we need more FDA.
         | 
         | We need less. Much less. At the very least we need to separate
         | the concept of it being legal for doctors to prescribe a drug
         | and mandatory for insurance to pay for a drug.
         | 
         | Right this minute, hundreds or thousands people are actively
         | suffering and dying from rare diseases because it's ludicrously
         | expensive to bring new medicines to market. We place blame - we
         | file lawsuits - on someone who sells a drug that doesn't work
         | or that causes harmful side effects, but we sag our shoulders
         | and shake our fist at the uncaring universe when someone dies
         | of a disease that wasn't worth $200,000,000 to force a
         | guaranteed-safe treatment through FDA approval.
         | 
         | A medical review and approval process that must never, ever
         | allow a single bad outcome through on pain of terrible, multi-
         | billion-dollar scandals is guaranteed to cause bad outcomes,
         | because not allowing good things to be approved is a bad
         | outcome.
        
           | photochemsyn wrote:
           | There's an easy fix for these rare disease cases, but it's
           | not one the pharmaceutical industry likes - open source drug
           | development with clinical trials run by research agencies
           | themselves.
           | 
           | This would mean such drugs would not be exclusively licensed
           | by any private entity, but instead could be manufactured and
           | distributed by anyone that met quality standards, greatly
           | reducing prices for consumers. See Linux etc.
        
         | jasoncrawford wrote:
         | This Scott Alexander essay says that the FDA is too strict on
         | some things and not strict enough on others, which is probably
         | right: https://astralcodexten.substack.com/p/adumbrations-of-
         | aducan...
        
       | alexfromapex wrote:
       | The problem with hierarchies like "regulators" is that there is
       | never a bidirectional feedback loop. The people who are being
       | regulated should also be able to negatively review poor
       | regulators.
        
       | sproketboy wrote:
       | [dead]
        
       | redandblack wrote:
       | Isn't the answer lobbyists? A good example is FCC carrying water
       | for them
        
       | konschubert wrote:
       | I think the idea of MANDARORY liability insurance against
       | regulatory fines is very interesting.
       | 
       | The insurer is motivated to incentivise effective risk-reduction
       | behaviour - the government only has to define the penalties.
        
         | ttymck wrote:
         | Or the insurers are incentivized to lobby for regulation
         | reduction or, worse, cover-ups
        
           | konschubert wrote:
           | It's true. But the current state is also untenable. People
           | are dying that could be saved if we weren't making medical
           | trials and environmental review so costly.
        
       ___________________________________________________________________
       (page generated 2023-05-05 23:00 UTC)