Don’t Blame Capitalism for the Lack of Covid Tests. Blame the FDA.

By now, just about everyone recognizes that the shortages and the high prices of rapid at-home antigen tests, which I wrote about yesterday, is a problem. But one common mistake that people are making is to blame those shortages, and especially those high prices, on “capitalism.” If it weren’t for greedy capitalists, the argument implicitly (and explicitly) goes, tests would…

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I’m the author of The Wisdom of Crowds. I’ve been a business columnist for Slate and The New Yorker and written for a wide range of other publications.

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James Surowiecki

James Surowiecki

I’m the author of The Wisdom of Crowds. I’ve been a business columnist for Slate and The New Yorker and written for a wide range of other publications.

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