The West Wing: “In This White House” (2000)

@mattyglesias on why greedy drug companies are heroes

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Source: Getting Generic Drugs Approved For Use | ThinkProgress.

The discovery void in antibiotic drugs

No new classes of antibiotics has been discovered since 1987. They are looked upon as a poor investment by pharmaceutical entrepreneurs because there are so many generic competitors. To make it even more complicated, any new antibiotic that might be invented would have to be held in reserve for a major case of an antibiotic resistant infection.

Source: Global Risks 2013 – Reports – World Economic Forum.

Monopolies and patents can breed deadweight loss and market inefficiencies

The international diffusion of the three-point seatbelt technology

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Dilbert on patent over-reach

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