Missed Opportunities– 1.2 Trillion Dollars

The Times has this sobering assessment of the distortion in priorities caused by the war in Iraq. 

It is routine for pharmaceutical companies to claim a huge amount, as much as $400,000,000, as the opportunity cost of investing in a new drug’s development and simply add that to the real cost.  While I question the validity of such an assumption when documenting the actual cost of a commercial product, should we, as a society, do the same with this war.  It’s 1.2 trillion dollar cost, does affect our other priorities and of course, adds to the national debt.  Is the real cost 2.4 trillion?


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