Thursday, September 24, 2015

Capitalisn, As Explained By 'Pharma Bro' (and Volkswagen and Bad Peanut Butter)

Why "raise the price of a life-saving drug by more than 4,000 percent, from $1,130 to $63,000"?

Because that's the "unabashed pursuit of profit", AKA capitalism.

Read the Washington Post, Pharma bro’ Martin Shkreli and the very American debate over maximizing profit, which notes that "[w]ith job creation, employment and corporate profits all up, yet wages stubbornly stagnant, many Americans feel that the system is flawed."

The article also references Volkswagen’s admission that it cheated on emission tests . . . "'both [stories] show the danger of a corporate culture that eschews basic morality in the pursuit of profit.'"

Read also Mother Jones, You Can't Go to Prison for Destroying the Economy, But Bad Peanut Butter Is Another Story.

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