09/21/09 Marco Island, Florida
American companies, which readers of Breakthrough Technology Alert own, have developed the technologies needed to deliver truly breakthrough medical therapies. For example, the implementation of advanced stem cell therapies is actually relatively simple. Unlike the incredibly expensive and technically precise processes involved in cloning, stem cell propagation and potentiation can be done in a well-equipped high school lab.
So what have we been waiting for? The answer is A) the will and B) permission. The will exists, but the permission, in America at least, has to come from the FDA — an organization that is, apparently, well-meaning, but actually behaves like a protection racket for the existing pharm industries.
Well, that doesn’t work anymore. We live in a new globalized world with instant communications, a relatively free flow of capital and high economic growth where it never existed before. You can’t stop the signal. You can’t stop technological and medical process, though you can drive them offshore.
China has capital, drive and no guilt at all about economic growth and the so-called ‘income disparity’ that is driving our current administration and crippling our economy. The Chinese are playing catch-up right now, furiously running to advance technologically and economically. Look for American biotechs to explore collaborations outside the U.S.
Patrick Cox
Patrick Cox brings two decades of experience in software, public policy, medical economics and biotechnology to the Agora Financial table. He is editor of the Breakthrough Technology Alert and Technology Profits Confidential, as well as a contributor to the Penny Sleuth. Cox, who spent his early childhood on the Crow Indian Reservation in Montana, studied at Boise State University and has written for USA Today, Wall Street Journal, Los Angeles Times and Reason Magazine. Cox has also been featured in The Baltimore Sun and CNBC Business Magazine.
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And how, exactly, is our present administration’s guilt over “income disparity” crippling our economy. Shouldn’t we be worried that we are becoming more and more like Mexico and other third world economies where the bulk of the wealth and power are controlled by a corrupt elite? Where is Bernie Maddoff anyway?
Bernie would be at the Fed except he doesn’t think big enough.