Posted 4 years ago on Aug. 24, 2016, 5:33 p.m. EST by agkaiser
from Fredericksburg, TX
This content is user submitted and not an official statement
Big Pharma Company that Hiked the Price of EpiPens Gave Their CEO a 671% Raise
By Alexandra Jacobo -
August 23, 2016 | News Report
The "entrepreneur*" who was recently busted for pharmaceutical price gouging, defended - Gekko style - the 500% increase in epi-pen price. That bit of sophistry appeared last night on [CBS] network news in an interview with the perp from the previous corporate crime.
Shkreli displaces Gordon Gekko according to Wikipedia:
"In September 2015, Shkreli received widespread criticism when Turing obtained the manufacturing license for the antiparasitic drug Daraprim and raised its price by 5,556 percent (from US$13.5 to US$750 per tablet), leading him to be referred to by media as the 'most hated man in America'."
This is why for profit services like medicine and goods like prescription drugs are a doomed to fail in the market. They not merely fail to provide their product to those who need it nor are they merely immoral, which GG and Shkreli dispute, they're taking down our entire economy with their greed. These "best and brightest" are so braindead they don't know they're killing the goose that they rob to get rich. They threaten our survival with their stupid willful ignorance of simple mathematical reality. YOU can't make something from nothing. Adding profit without adding value is nothing but perpetual motion of money. It's as bad or worse than the parasitism of finance that is our greatest [largest] enemy. For profit finance, medicine, energy, communications and mass transportation are the most real threat to the survival of the human race since the dawn of civilization! Big Med and Pharma run a close second to financial whizzes like Martin Shkreli [he deals in but does not produce pharmaceuticals]: a real life Gordon Gekko.
Why a Single-Payer Healthcare System is Inevitable By Robert Reich - August 23, 2016 | Op-Ed http://www.nationofchange.org/2016/08/23/single-payer-healthcare-system-inevitable/