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[starts manufacturing affordable insulin]
[starts to stretch insulin with paint thinner]
every day it seems like people forget what things like the FDA are for, but hey, the snake oil salesmen love this state of affairs
If I need testing for someone else's insulin, I can get that for cheaper than the regulatory capture insulin. They don't work for us.
ah yes, use the totally legit bio-med test service down the road, due to the FTC not being a thing they can totally and without any repercussions just lie to you because they have a deal with the person selling you the insulin.
Then again, you have been hoodwinked into some "regulatory capture" bullshit, in reality, insulin is so expensive in the USA because no one has the capital wants to sell it cheap, it's a risk for minimal rewards, the demand is literally your life, so the cost can be as high as anyone wants it.
as for the whole "but the free market" and "supply/demand", do you think the people setting these prices don't know what the prisoner's dilemma is?
There is just so much going on here.
Are we discussing a situation in which only the FDA is gone, or complete anarchy?
Do you believe that regulatory capture is bullshit?
People knowing about a prisoner's dilemma doesn't make it go away.
Are we discussing a situation in which only the FDA is gone, or complete anarchy?
the premise was no government services paid for by taxes, and without taxes there are no government anything.
Do you believe that regulatory capture is bullshit?
regulatory capture is commonly trodden out by people as an example of big government bad, when it doesn't happen as often as these people like to pretend it does (take, for example, your misconception that the FDA is the cause of high insulin prices), not the fact that it is just a failure to deal with corruption.
People knowing about a prisoner’s dilemma doesn’t make it go away.
that's the fun part tho, both parties knowing about the prisoner's dilemma DOES make it go away, as the most successful models, over a longer set of games, tend to be Tit-for-Tat models
So then there's no patents either, right? Literally anyone can start manufacturing their own insulin or biosimilars.
There are already drug testing services for darknet markets. They don't know who sent you the drugs in the first place.
The tit for tat with forgiveness models you're thinking of are for two parties, not dozens or more.
tit-for-tat works in a larger setting as well, in fact it works better because you can ostracize and punish.
you know, like WHAT IS LITERALLY HAPPENING AS WE SPEAK!? do you think greed-flation just happened out of nowhere?
but no, like every libertarian, you propose the destruction of regulation because you promise yourself that somehow people will be better off if they need to waste their lives on crap. "you didn't put weeks of research into the three bio-med testing labs to ensure they wouldn't lie about the insulin, I guess you should die now, lol", and you know how I can tell you're an American? BECAUSE LITERALLY NO NE ELSE HAS THIS ISSUE. yes, this issue is entirely an American thing because you're the main drivers of the deregulation and reactionary enforcement that has lead to insulin costing you $500 for a 2-week supply, and your reaction is to make the US into more of a banana republic by destroying the goverment even more.
Hey sorry to keep bugging you but where did you first hear the "greedflation" concept? If you've got a source for either (since it's pretty much the same thing) I am legit interested.
tit-for-tat works in a larger setting as well, in fact it works better because you can ostracize and punish.
I didn't know that! Do you have a source?
These appear to be regarding typical 2 player prisoner's dilemmas. What I'm curious about is if there's an academic literature about this for larger groups, where they ostracize and punish.
Because if it works for them, then it can work for us... We could build unions where we signal to each other the same way, without need for central leadership.