One of the foundational truths of capitalism is that the buyer must have perfect information. That simply is not the case in the complicated world of pharmaceutical compounds and medical conditions. Your argument has a number of holes in it, each big enough to drive a double-wide through.
This is a remarkable statement to read on a conservative forum. You are saying that we must be regulated because it is for the better good of the people. Are you sure you didn't copy your statement from a socialist forum? Nowhere in your little tirade did I see one statement about personal responsibility? Am I confused or did that used to be a conservative tenet? Are you going to substitute firearms instead of prescription drugs in the next tirade?
Note that what cost $1 in 1967 would cost $6.00 in 2006. Even with an 6-fold division and a population that has increased by one third the numbers make you want to cry.
If a few die here or there no big deal, we will find out about it down the road, and if we are lucky before we take that same drug.
Picking out drugs is no different than buying groceries...
I don't think "personal responsibility" is the answer to every question even though I'm a conservative. I'm sure there's a lot of pork in the FDA and I'm sure that there's ways we could trim their budget and have it run more efficiently and smoothly. It could most likely benefit from a narrowing of its mission. I don't think abolishing every federal agency is the answer to the country's ills.
And why would I substitute firearms in the next post? Is there any analogous argument there? No, of course not. Average everday people are perfectly capable of educating themselves about firearms and safety. It is a non-starter. The average person is not able to educate themselves on a novel compound for the treatment of Parkinson's based on nothing other than its name.
You are saying that we must be regulated because it is for the better good of the people.
Conservatives are for limited government. That does not preclude the establishment of necessary government agencies for the welfare of the public.