Innovativeness wrote:
To the argument that less regulation leads to innovation. This is very true. Here are a few examples.
...
3) Pharmaceutical companies innovate the idea that Opiods are great for chronic pain and other ailments. They go and give seminars to doctors and incentives to prescribe. Doctors do so. Sales skyrocket. Pharmaceutical companies are required to report "suspicious" orders to the DEA. Millions of opiod pills are sent to single pharmacies in rural areas. They do not consider this suspicious because it makes them lots of money. 200,000 Americans are now dead from opiod overdoses. They too have installed former executives in Washington DC to squelch regulation. DEA ability to sieze drug shipments is taken away. True innovation.
...
Opiods are already regulated by the government at many levels, and require a doctor's prescription. The opiod epidemic is an example where government regulation and oversight failed completely.