linkedin post 2014-11-01 06:17:03

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THE FDA "is the oldest comprehensive consumer protection agency in the U. S. federal government. The FDA and its responsibilities have undergone a metamorphosis since 1906. Yet the core public health mission of the agency remains now as it did then." The EU food agencies adopt the same mantra of consumer protection. http://lnkd.in/dZ7RaBU View in LinkedIn
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linkedin post 2014-11-01 06:12:32

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DRUG PRECAUTIONARY PRINCIPLE is alive and well at the FDA and other drug regulatory agencies worldwide. The proponent of a new product undertakes the cost and responsibility of proving, to an objective statistical criterion, that the drug is both safe and effective. Obviously, safety is tempered by cost-benefit analysis, but efficacy (read "need" here) is held to the highest standards. View in LinkedIn
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linkedin post 2014-11-01 06:10:45

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PRECAUTIONARY PRINCIPLE USED IN DRUG APPROVALS. "When a drug company wants to market a new drug, we ask them to provide reasonable evidence of no harm and we ask them to show that their new product will do some good (they must show "efficacy"). The assumption is that a new drug will be harmful or useless (or both) and it's up to the company to prove otherwise." http://www.multinationalmonitor.org/mm2009/032009/interview-montague.html View in LinkedIn
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linkedin post 2014-10-31 05:31:23

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BILGE PURGING BAN IS RECKLESS PARALYSIS. "An early environmental application of the precautionary principle involved the prohibition of the purging of ship bilge contents and other wastes into the oceans. This requirement was justified by the paucity of data on the effects of the purged substances. Hence, a scientific risk assessment on this practice was not possible." http://www.agbioforum.org/v3n4/v3n4a13-hathcock.htm View in LinkedIn
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linkedin post 2014-10-31 05:28:24

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ACTUAL QUOTE. "Upon initial consideration, it might seem that the only alternative to precaution is recklessness but, in fact, excessive precaution leads to paralysis of actions resulting from unjustified fear. In many cases, the slight but non-zero risk associated with a product or process is far safer than the alternative of doing nothing." http://www.agbioforum.org/v3n4/v3n4a13-hathcock.htm View in LinkedIn
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linkedin post 2014-11-02 19:22:12

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RED BLOODED CAPITALISM is the root of the US cost-benefit approach to managing risk; that economic good trumps all others (within reason), and is a proud US value that joins rugged individualism and less government oversight of private capital. Given its due it has made the USA a world power in a very short period of time. View in LinkedIn
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linkedin post 2014-11-02 19:20:30

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"COST-BENEFIT ANALYSIS enjoys a special status in U.S. law and policy. With few exceptions, statutory law, common law and government regulations all presume that economic growth provides net benefits (more benefits than costs) to society until an explicit cost-benefit analysis can show otherwise." http://www.multinationalmonitor.org/mm2009/032009/interview-montague.html View in LinkedIn
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linkedin post 2014-10-30 05:19:02

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RISK MANAGEMENT. "Business groups contrast the precautionary principle to "a science-based approach to risk management." The presumptions built into our current legal decision-structure are profoundly unscientific. The basic assumption is that the planet has an infinite capacity to absorb harm from human economic activities." http://www.multinationalmonitor.org/mm2009/032009/interview-montague.html View in LinkedIn
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