<DIV>Apropos of bourgeois propaganda, the current issue of the Economist attributes China's greater economic succcess relative to India to the fact that India has too much govt regulation . . . jks<BR><B><I>Doug Henwood <dhenwood@panix.com></I></B> wrote:
<BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid">budge wrote:<BR><BR>><BR>>So I'm watching the tape of this Frontline I taped earlier<BR>>this week. Some flack named Majorie Powell says "just look<BR>>at what happens to industries that have government price<BR>>controls and regulation; there is no innovation".<BR>><BR>>This is a bald faced lie. Please see ATT Bell Labs and<BR>>Western Electric pre-1984 for obvious counter evidence.<BR>><BR>>These scumbag pharmas spend more on marketing than they do<BR>>on R&D, but it is R&D's budget that wil take the hit in<BR>>response to price caps? That speaks volumes...<BR><BR>And who funds their basic research? The NIH!<BR><BR>Doug<BR>___________________________________<BR>http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk</BLOCKQUOTE></DIV><p><hr SIZE=1>
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