Tag Archives: pharmaceutical companies

Daily Headline – 22/04/13

Capitalism and health, a recipe for disaster

Glaxosmithkline logoThere have been many examples over the years and known facts about the operations of pharmaceutical companies so for those who are aware the latest news about Glaxo will come as no surprise at all.

GlaxoSmithKline (GSK) the pharmaceutical giant is in trouble with the Office of Fair Trading (OFT) over paying rival companies to delay the release of new medicines.

Of course the OFT is focusing on its job which is to ensure fair competition which of course is one issue (and one that free market capitalism is not able to resolve, government regulations are vital to ensure, under a capitalism system that competition can thrive).

The second issue and one that too often gets ignored is that businesses like these are deliberately withholding life saving medicines in order to maximise the profitability and lifespan of their old medicines.

How is this travesty of justice not made illegal? How are business allowed to have control of something of such vital importance? If capitalism cannot work in the interests of the people then it shouldn’t be operating at all!

In the short term, bring the pharmaceutical companies under public control, in the long term, abolish capitalism.

For more on the details of this story click here.

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Daily Headline – 01/04/13

India says no to cancer patent

Patents Cancer RibbonIndia’s Supreme Court has rejected a plea by Novartis to patent an updated version of its cancer drug, Glivec.

Patents mean that cheap (affordable) life-saving medicine cannot be legally reproduced, meaning many people around the world die from curable or treatable illnesses because they can’t afford the drugs.

These pharmaceutical companies are a direct spawn of capitalism, the painful reality, no money, you die.

Of course these companies retort with the same capitalist mantra, if you don’t allow patents, we’ll stop researching new drugs.

Sound familiar?

If you increase corporate tax, we’ll move our HQ to another country.

A pathetic attempt by big businesses to blackmail people into doing whatever they want, for their own gain, profit before people.

We cannot rely on capitalist governments and politicians to be strong against these companies, those people, the politicians and business people are all the same, in bed with each other to benefit the minority, while the majority continue to pay the price.

Good on India for saying no. Enough is enough.