Even for the hypothetical strict utilitarian, the *cost* of the FDA's intervention itself needs to be incorporated in the calculation. FDA investigation and decision making are not free (they are very, very expensive), and have effects on innovation and investment.
Even for the hypothetical strict utilitarian, the *cost* of the FDA's intervention itself needs to be incorporated in the calculation. FDA investigation and decision making are not free (they are very, very expensive), and have effects on innovation and investment.
FDA delenda est.