After working with govt for a decade+ and recently working closely with big pharma on a project, I’m honestly not sure which is worse in regards to wasting money and time with unnecessary bureaucracy and redtape.
Govt isn’t known for efficiency, but neither are large pharma companies. Pharma is motivated by $$ while govt is motivated by going home at 4pm. Both motivations can result in inefficiencies.
Yes, because pharma spends far more money than the NIH does. Development of the actual drug and tech is extremely expensive.
I think you need both. The academic side which is majority funded by government via grants through mostly the NIH (which more often than not turns up nothing worthwhile) and then the product development side.
Yeah, except the very foundation.
I am sorry. I really am. Working with government at any level is the worst. I do everything I can to stay away from it.
100% agree, but I would give the edge to government on wastefulness. My favorite is, “Hurry we have to buy a bunch of useless shit to sit on shelves so we don’t lose that portion of funding for next year!”.
I was not knocking it. Just stating reality. We also fund a lot of dumb shit. Like 100M$ to find out which way the speckled trout swims up stream.
Who the fuck cares?
Drugs are built on this foundation, so what you say makes no sense. Knock it or not.
That’s not unique to govt. In large companies, hell even medium ones, that same logic and thinking exists. I pull that shit all the time with scheduling out staff- if I go light on staffing during a lull in my workload that staff gets snapped up by other depts and I’m shit outta luck when workload gets crazy again. That logic applies when you are fighting over internal resources.
I just had a big pharma company knowingly spend $100k fighting a $30k cost that they were admittedly fine paying. As an example of wastefulness.
That is great and the drugs would never be built without the large investment from Pharma, so what is your point exactly?
Your initial statements were wrong completely and now you are trying to salvage.
Government is tax payer money, so there is a large difference imo.
It is their money - we have done the same thing because the owner or board wants to make a statement. Which is fine - again it isn’t tax payer funded.
And then when public works gets underfunded the next time budgets are reviewed because they managed to cut costs year 1-2, but they have a skeleton staff years 3-4 when everyones getting flooded and their shitters are backing up, no one is happy.
Or like the roads around me - we have insanely high car tag prices that are supposed to go to the roads, but they are complete shit.
Go government.
This actually wasn’t a statement. I think it was because they were getting bad advice from their counsel who couldn’t wrap his head around the logic of losing $30k now is less bad than spending $100k and 2 months to save $30k.
Or was the counsel getting paid? Lol.
I mean idiots exist everywhere. I have met some insanely smart people from government and some really dumb ones like everywhere else.
The federal government creates currency by the power of the purse. It does not need revenue via taxation.
The government creates nothing but debt.
We have been through this - no need to hash it again.
Economically speaking you live in the stone ages.
Your understanding amazes me.
And your misunderstanding amazes me.
Stone ages seem to work better than your understanding.