Today’s topic is something that has high levels of attention on national and international levels, but only when some politician wants to get elected. It seems that every person running for office talks about uplifting the poor, helping the less fortunate, making everyone equal, making America Great. But the real detriment to society, is the constriction and over regulation of manufacturers, to workers, to entrepreneurs to develop products. IFRX is one of the most highly regulated industries in the world, where getting authorization to produce chemicals, to make and sell drugs, to cure illness and pain, requires millions of dollars of investment just to prove the item works. The item for today’s discussion is Entry Barriers.
Now, while the section in Chapter 9 that covers Entry Barriers is more focused on the impact that tacit and explicit collusion plays upon competitors within industry, however, the collusion or corruption that occurs with IFRX is with politics. Major medical companies and corporations have the ability to pay and fund research because they have been around for so long. By continuing to work with governments to maintain the status quo, the level of collusion (not between competitors, but between regulators and industry leaders) keeps IFRX from reaching success. Additionally, if IFRX was able to release products, to work with greater freedom of movement with patients, IFRX may never have experienced such a drastic price drop of stock, due to one poorly constructed testing scenario.
IFRX 