HN user
This is a great observation about how critically important the expectation of long-term safety is. Take a rich developed country and reduce that expectation from decades down to years and watch the economy collapse. Those guarantees of safety allow a huge amount of wealth to be created. People can invest huge amounts of capital into projects with very long and beneficial payoffs
Interview now available
Full interview will appear here in a few days - http://www.comedy.co.uk/podcasts/richard_herring_lst_podcast...
Nice. I wonder if any UK providers do this
Great site. I had not seen that before
Might be nice to overlay the video with the commit comments and date
I have no idea when it was first public knowledge that the Indian Govt were considering this option and when it was finalised. But since Bayer AG's share price in part the markets sentiment of their potential future earnings, and their share price has done reasonable well over recent years, I suspect the market doesn't see this as a major issue.
Bayer's current market cap is a fairly significant EUR45.93bn. So even with the "patent cliff" that JunkDNA discusses, it seems people still expect big pharma to be profitable.