Replies to post #51491 on Biotech Values

[DewDiligence]

Like any large bureaucratic organization, the FDA does many things that can be criticized. But that’s a far cry from saying the Agency intentionally seeks to harm certain companies in order to favor other companies and individuals.

I find it notable that the industry pros on this board do not buy this anti-FDA propaganda. And these pros were, almost without exception, highly skeptical of DNDN’s BLA. All of which suggests to me that, by and large, the anti-FDA mindset that is prevalent on many message boards is merely griping by investors who lost money by making questionable decisions.

[rsox]

In about every presidential administration for the last three decades the vile underbelly of an Executive-Branch organization spills out into the open. Right now an implosion is in progress at the U.S. Food and Drug Administration (FDA) that could fully expose not only its phony pretense as a protector of the public's health but the agency as a dangerous and dictatorial handmaiden of a federally protected drug industry.

http://www.mises.org/story/1805

"beware intellectuals, not merely should they be kept well away from the levers of power, they should also be objects of particular suspicion when they seek to offer collective advise, beware committees conferences and leagues of intellectuals, distrust their public statements issued from their serried ranks, discount their verdicts on political leaders and important events. For intellectual far from being highly individualistic and non conformist people follow certain regular patterns of behavior, taken as a group they are often ultra conformist within the circles formed by those whose approval they seek and value, that is what makes them en masse so dangerous, for it enables them to create climates of opinion and prevailing orthodoxes which themselves often generate irrational and destructive causes of action"