You are currently browsing the Terminus Est weblog archives for the day June 29, 2007.
June 29, 2007 by mr_flood.
Please head over to his site and read his latest on socialism killing pharmaceutical invention, with the left wanting to do the same here. An excerpt:
Socialism fails. Always has. Always will. And the toll in Europe in so many areas is clear. Here’s what socialized medical systems have done to European pharmaceutical research:
# For over 100 years, Europe has been a powerhouse of pharmaceutical progress and innovation. Over the last decade, however, Europe has gradually lost its leadership in the pharmaceutical sector, with a steady transfer of its R&D to the US - where policies and market conditions are more favourable to pharmaceutical innovation.
# Key benchmarking indicators show that between 1990 and 2002, R&D investment in United States rose more than fivefold, while in Europe it only grew 2.5 times.
# In 1990, major European research-based companies spent 73% of their worldwide R&D expenditure on the EU territory. In 1999, they spent only 59% on the EU territory. The USA was the main beneficiary of this transfer of R&D activity.
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