On 19/08/2020 11:42, michael adams wrote:
"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

Yes. It's not exactly open-shut - Mazzucato's work is more applied.

Which as it stands is simply a bald assertion unsupported by either
argument or evidence.

I linked to something called an 'abstract' - an outline of a paper. If
you're not convinced, read the whole paper.

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.

You don't need a sub:

https://discovery.ucl.ac.uk/id/eprint/1553088/




--
Cheers, Rob