"RJH" wrote in message
...
On 19/08/2020 08:46, michael adams wrote:
"Tim+" wrote in message
...
Private practice in medicine has a long history/tradition of cutting
corners/costs to increase profits at the expense of patient safety. I
doubt dentistry is any different.
Its precisely the opposite. Private medicine often funded by insurance is
what drives
a lot of research into new medicines and treatments,
Nonsense. Risk is shouldered by the taxpayer, with little of the return:
https://academic.oup.com/icc/article.../4/1093/753299
--
Cheers, Rob
quote
Abstract
We present a framework, called the Risk-Reward Nexus, to study
the relationship between innovation and inequality
[...]
We argue that it is the collective, cumulative, and uncertain
characteristics of the innovation process that make this disconnect
between risks and rewards possible.
[...]
William Lazonick, Center for Industrial Competitiveness, UMass Lowell,
O'Leary 500, 61 Wilder Street, Lowell, MA 01854, USA. e-mail
/quote
Presumably you have a subscription, have read the paper in full and
are familiar with the details of Professor Lazonick's argument in full.
Which as it stands is simply a bald assertion unsupported by either
argument or evidence.
Therefore for those readers of the Group without a subscription perhaps
you could summarise his argument - preferably in your own words - so
that its relevance to the present question can be better assessed.
Thank you.
michael adams
....