A system of overbearing regulation is preventing researchers from running clinical trials which could lead to new treatments for diseases like cancer, leading experts claim.
The entire economy is wallowing in such regulation.
A real life example for you. Inside an already licensed chemicals factory we discussed the idea of recreating a production line that they ran 20 years ago. Could indeed be polluting as it would use sodium hydroxide and also sulphuric acid. But it\’s a well known technology, been in use around the world for near a century now. One could imagine some environmental ministry having some oversight of this.
Costs would be in the $5million capex range. So small. And the chemicals plant itself used to run exactly this process recall. And they actually produce the sodium hydroxide and sulphuric acid on site already. That\’s actually what they do. So there\’s already all of the infrastructure of medical emergency room/ambulance, fire brigade etc. As well as people who know how to handle these, they have the licenses etc.
It would take 18 months to get the EU mandated environmental license through. Even though we all know what is involved. We could download the detailed design off the internet for goodness sakes.
But 18 months of paperwork.
It\’s even vaguely possible that such delay is worth it for a pristine environment. But don\’t come complaining about Europe\’s glacial economic growth at the same time. These regulations do indeed have costs.
Might be why there\’s only two plants in Europe, both grandfathered in, which do this particular process too. And why they make vast margins. Around and about 7 times the actual cost of the process in fact.
Doing absolutely any industrial process faces these same rules. There might actually be about two weeks of engineering work in there to check that no one\’s about to poison the Elbe. But it takes 18 months.
Bureaucrats are cunts, aren\’t they?