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From: bob@pedsgd.UUCP (Robert A. Weiler)
Newsgroups: net.politics.theory
Subject: Re: The free market (and lemons)
Message-ID: <374@pedsgd.UUCP>
Date: Thu, 12-Dec-85 10:48:54 EST
Article-I.D.: pedsgd.374
Posted: Thu Dec 12 10:48:54 1985
Date-Received: Fri, 13-Dec-85 06:39:42 EST
References: <259@gargoyle.UUCP> <589@calgary.UUCP> <849@mmintl.UUCP>
Reply-To: bob@pedsgd.UUCP (Robert A. Weiler,7343)
Organization: CONCURRENT Computer Corp, Tinton Falls, NJ
Lines: 21
Summary: 

Organization : CONCURRENT Computer Corp, Tinton Falls NJ
Keywords: 

In article <849@mmintl.UUCP> franka@mmintl.UUCP (Frank Adams) writes:
{ another discussion about the market deleted }
>
>Also, he is not claiming that government is *always* the best solution to
>such problems, only that it *sometimes* is.
>
>Frank Adams                           ihpn4!philabs!pwa-b!mmintl!franka
>Multimate International    52 Oakland Ave North    E. Hartford, CT 06108

Here is situation in which a believe government can be a solution to a
problem. I have heard on 2 TV programs ( 'Adam Smith's Money World' and
'Innovation') that a successful drug is NOT a cure or a vaccine, it is
a treatment.  In other words, it is more profitable to create a drug
which allows patients to live with their condition than one which prevents
or permanently remedies it with few applications. This seems intuitively
clear. However, I submit it is in the best interest of the overwhelming
majority of the citizens that cures and vaccines be invented. Therefore,
this seems to me to be an appropriate arena for government.