Repulsed by Pharma-Bro Martin Shkreli? Maybe You Also Hate Capitalism.
February 22, 2016
Repulsed by Pharma-Bro Martin Shkreli? Maybe You Also Hate Capitalism.
Far from being some kind of moral outlier, the pharma-bro embodies all of our economic systems defining characteristics.
BY Jesse Myerson
Watching Martin Shkreli respectfully decline to testify before the House Oversight Committee, it is almost possible to feel grateful to the reviled 32-year-old hedge fund capitalist: he knows we love to hate him, and he generously offers up so much to hate.
His bat-like smirk conveying the sense of invincibility that must accompany a 9-digit portfolio, arched eyebrows begging his questioners for another opportunity to invoke the Fifth Amendment, to unveil another simper for the camerasits enough to make ones fingers tingle with the urge to punch.
Satisfying though it might be to adorn his face with a black eye, however, there are more worthy objects of our loathing. All of Shkreli's appalling antics and characteristics are in fact emblematic of the real villain: capitalism. Shkreli is capitalism embodied, and if you hate him, youd do well to take up hating capitalism with at least equal fervor.
Gouging AIDS patients
It is near miraculous that we even know of Shkreli. The episode that first brought him mass attention, his decision to increase the cost of lifesaving drug Daraprim by 5,000% in a single stroke, was so mundane it might never have made headlines. Sudden manifold price hikes are a routine occurrence in the pharmaceutical industryeven among generic drugs.
More:
http://inthesetimes.com/article/18896/martin-shkreli-capitalism-free-market-wu-tang-cultural-appropriation
PatrickforO
(14,570 posts)Entrepreneurship, small business, yes.
People who are successful in their own business having more, yes.
People who are in jobs that required a lot of education having more, yes.
Strong unions, yes.
Employee owned businesses, yes.
Strong government regulatory control, yes.
No for-profit prisons, yes.
Single payer healthcare, yes.
But this neoliberal model that spawns scummy parasites like Shkreli, NO.
2naSalit
(86,536 posts)freebrew
(1,917 posts)it's like we're playing a game of monopoly, except we started without any $$$.
The banker started with all of it, and if you want some, too bad.
You need connections...that doesn't come with the rules.
Capitalism is a failed system. We're seeing its death throes in person.
Next step, either feudalism or slavery.
IDemo
(16,926 posts)Who would invite you to move to Venezuela.