If you want an example of how an unregulated medicine market works, check out the American medical "supplement" market. Plenty of producers, dubious and often purposely wrong claims, often don't even contain the compound as advertised, and still hilariously expensive.
If unregulation begets competition and that begets lower prices, why do these turmeric supplements cost $30[0] while you can go to the spice aisle and get 10x as much for $5?
If unregulation begets competition and that begets lower prices, why do these turmeric supplements cost $30[0] while you can go to the spice aisle and get 10x as much for $5?
[0]:https://www.amazon.com/Turmeric-Curcumin-Capsules-MONEY-GUAR...