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"Second Thoughts on Breasts"



At American.com, Amity Shlaes writes on the breast implant fiasco:

But to others, exoneration by simple proclamation was insufficient. And they, unlike the anti-implant attorneys, will not have their day in court. Hearing the FDA�s news, John Walter says, �Most of us who were involved in the past said, �Where is the apology?�� Larry Wilson, the reporter, compares Dow Corning to Ray Donovan, the secretary of Labor under Ronald Reagan. Donovan was exonerated by a Bronx jury and three separate independent-counsel investigations of possible links between his company and the Mafia. After it was over, Donovan famously said, �Which office do I go to to get my reputation back?�

Scientific innovations can be controversial, and Americans will always raise legitimate concerns about their safety. But we need also calculate the price tag that arbitrary regulation, driven by fear and greed, imposes. Investors will want to offer their own version of the Donovan question: Where do I go to get my equity back?

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.