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0 pointstalldayo1y ago0 comments

...partially due to the fact that nobody else can be bothered to fund it. Which is the problem with public capital markets; unless someone forces them to research, say, seatbelts and airbags, those things become an ignored liability.

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whimsicalism1y ago

> partially due to the fact that nobody else can be bothered to fund it

I'm not even sure who the 'somebody else' even is. Public capital markets are how we direct money towards promising things that people want.

talldayoOP1y ago

Public capital markets are also how we avoid improving things to increase margins. Especially in a modern market with shareholders and administration involved, there's little incentive to improve things or even make them human-safe without regulation. It's why stuff like the FDA exists.

whimsicalism1y ago

Markets have inefficiencies and reflect collective human irrationality (such as underestimating the likelihood you will be in a fatal car crash). But it is trending better - not especially in a modern market. The stuff the FDA prevented when it was first created is much worse than what it has to deal with today because of better information dissemination and a broadly educated population.

I'm not sure who else would be funding pharma research if not people who are giving their money willingly.

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whimsicalism1y ago

> partially due to the fact that nobody else can be bothered to fund it

I'm not even sure who the 'somebody else' even is. Public capital markets are how we direct money towards promising things that people want.

talldayoOP1y ago

whimsicalism1y ago

I'm not sure who else would be funding pharma research if not people who are giving their money willingly.

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