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James R. Copland joins Brian Anderson to discuss how America’s uniquely cumbersome regulatory system impeded the national response to the Covid-19 crisis and how costly litigation could damage the economy even further.
The FDA and CDC’s administrative failings in the early days of the crisis proved costly. The federal process for reviewing and approving drugs and medical devices, writes Copland, still leaves much to be desired. And a wave of coronavirus-related lawsuits poses a serious threat to future business viability.
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The fast-shifting winds of American politics have increased the odds that Senator Elizabeth Warren of Massachusetts will be the next Democratic nominee for President of the United States. Joe Biden has been lackluster at best, and his potential conflicts of interest arising from his son’s dealings in both 
So Mark Zuckerberg is “actually not sure we shouldn’t be regulated.” The cynical take on that statement is that the Facebook founder and CEO is merely acquiescing to the inevitable and even realizes that regulation might actually help Facebook cement its market dominance. A big, successful business with tremendous financial resources has the ability to a) weather a regulatory storm and b) through lobbying influence the regulatory environment to its advantage.
