Not just short term pain relief but prophylaxis, and actual cure (placebo seems to show improvements in some conditions that go beyond pain relief -
You only mentioned the release of endorphins. The other things placebo can do ... a short list, please? Do they include any of the following:
(a) cure infectious diseases (eg HIV, CJD)
(b) cure cancer
(c) mend broken bones
(d) cure or treat metabolic failures such as diabetes
(e) cure or treat genetic conditions
(f) cure or treat autoimmune conditions?
If not, then diverting
most of medical research into the placebo effect seems hasty and ill-thought out.
and then there's "spontaneous" remission, remember?
(1) You have given us no reason to believe that this has any relation to the placebo effect. Two forms of self healing do not necessarily share the same mechanism. For example, blood clotting and the immune system do not have the same mechanism.
(2) Indeed, it would be simplistic to treat "spontaneous remission" as a
single phenomenon. For example, you may have read recently about a man who appears to have undergone spontaneous remission from HIV. Obviously scientists want to study him very closely. But what they find (I will wager any money) will have no bearing on the mechanisms for spontaneous remission of different diseases such as cancer. "Spontaneous remission" just means "the patient got better and we don't know why", and the reason why is going to differ from patient to patient and disease from disease.
Finally, could I point out that the human race has been benefitting from the placebo effect ever since the first shaman said "take one of these twice a day and the thunder god will heal you". It is not placebos that make our society healthier and longer lived than all the others before it. It's all the other medical knowledge we've accumulated, which is therefore not to be despised.