Let’s give a big shoutout to Gawker . They really stuck it to the Times by pointing out that their columnist Nick Bilton, who writes about technology, business, culture, and style (and should probably stick to...
I never know what I'm going to find on the editorial pages of the New York Times
. Sometimes I agree with them, and sometimes I don't. But, they usually, at the very least, make sense.
That streak ended on March 2nd, when the Times printed an editorial titled "Painkillers Abuses and Ignorance
." The paper really dropped the ball on this one. After reading it, I was left wondering whose ignorance was being referred to, because in 433 words, they did nothing short of a superlative job of mixing together misleading statements, bad conclusions, and naive suggestions.
So, is justice really blind? Who knows?
But, with the right recipe it can become deaf and dumb rather quickly.Here is the recipe. Mix the following in equal quantities: Junk science and medicine, a misguided and politically-driven regulatory agency, a flawed legal system, predatory trial lawyers, a self-anointed know-nothing consumer "advocate," greed, and a company with deep pockets, and voila: the perfect mix.
By Josh Bloom and Henry Miller
The development of new drugs is among the riskiest of business ventures. It now takes 10-15 years for a pharmaceutical company to get a new drug approved, and on average the cost exceeds $2.5 billion. To establish its safety and effectiveness, a candidate drug or vaccine undergoes a lengthy process of laboratory, animal and clinical studies, and then regulatory review is conducted by the highly risk-averse FDA.