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This is an excellent thought experiment; I wonder how he'll try to reconcile his Panglossian vision of a free market in a situation where there's only one owner.
I was thinking in general terms. The properties of the substance have effects not visible to the eye, and not readily predictable in regards to their effects on human physiology. It was meant to be relatively metaphorical suggestion, just in case science doesn't know everything. So you're right, chemistry says nothing spooky is happening. But there is definitely not enough spook.
I always knew there was something fishy about the have a nice day button. All along it was gaining momentum wasn't it. Skynet has nothing on this button. It's a psycho robot!