Pharma Exec: “Moral Requirement” to Charge as Much as Possible for Drugs

Discussion in 'The War Room' started by luckyshot, Sep 14, 2018.

  1. luckyshot

    luckyshot iP of the ENTIRE WR

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    Move over pharma bro... Nirmal Mulye (real name) wants to compete for front seat in Hell.

    “I think it is a moral requirement to make money when you can, to sell drugs for the highest prices.”

    This was his justification for raising a life saving antibiotic from $475 to $2350 a bottle.

    https://www.cnn.com/2018/09/11/health/drug-price-hike-moral-requirement-bn/index.html

    This is the logical conclusion, by the way, of the unregulated, libertarian capitalism the Right regularly argues for. Every once in a while a CEO sociopath is just autistic enough to say it like it is.

    We need UHC, and we need it now.
     
    Last edited: Sep 15, 2018
  2. IDL

    IDL Gold Belt

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    Hah, wonder what his rationale is behind that one
     
  3. The ScorpioN

    The ScorpioN "GET OVER HERE!"

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  4. HomerThompson

    HomerThompson Titanium Belt Platinum Member

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    I feel a moral imperative to punch that guy in his stupid face.
     
  5. sniper

    sniper so poor.... and so black

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    I respect his honesty.
     
  6. Neph

    Neph Purple Belt

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    He seems like a bit of a dick
     
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  7. Seaside

    Seaside Caudillo

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    The Right wing in 99% of world does not. Only the American right wing is sort of or has people like this.

    Right wing in a lot of other countries is NOT for unregulated capitalism. In some countries it is socialist economics but conservative or religious and nationalist social policy and foreign policy.
     
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  8. Seaside

    Seaside Caudillo

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    Should edit your post and clarify American right wing is like this. And its an unfortunate thing.
     
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  9. Trotsky

    Trotsky Silver Belt

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    The same rationale of all capitalists: that it's the job of the firm to maximize profit, and that that is its only duty.

    And, if we're talking about a maximally efficient economy and government, there's a good argument that he's right. Corporations should only be concerned with maximizing profit and market share, and the government should play the affirmative role of limiting, curbing, or foreclosing their action when it contravenes public interest.

    The problem is that idiots vote for the Republican Party who say that these legal entities (corporations) will behave morally and should be deregulated to guide our country's policy trajectory. And I'm not even going to represent that Republican Party members (unlike voters) are actually stupid enough to believe that. They're not: they're just corrupt pieces of shit.
     
  10. Hunter Simpson

    Hunter Simpson 2GM/c^2 belt

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    But hey, got rid of those pesky consumer protections. Winning #amiright?
     
  11. Cubo de Sangre

    Cubo de Sangre President of the War Room

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    If it weren't for regulation undermining competition then anyone could make the drugs and charge less.
     
  12. oldshadow

    oldshadow Steel Belt

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    Any government money for any research the company gets should be pulled as well stopping all research cooperation.
     
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  13. Renard

    Renard Brown Belt

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    I guess technically he does have a responsibility to his shareholders. But he also has a responsibility to not hurt his company by doing large price hikes that cause public outrage and loads of negative publicity.
     
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  14. Neph

    Neph Purple Belt

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    Barrier to entry is huge which is part of why monopolies form. The time from company inception to profit can be extensive and it is a very risky business to be in as you may simply not be successful in whatever drug you are trying to discover. Regulation (within limits, nothing can be said to be pure black and white) is good because it saves lives and should be embraced by the industry as it improves the publics trust in them.
     
  15. DIDM

    DIDM Death Company

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    Hold the train

    He’s a fucking Democrat, stop lying to try and make a point
     
  16. MMAisGod

    MMAisGod Brown Belt

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    This.

    If anything, I would prefer all the top dogs be as honest as this. We'd be more grounded with reality at the forefront.
     
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  17. Cubo de Sangre

    Cubo de Sangre President of the War Room

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    Thanks. And?
     
  18. Liquid Smoke

    Liquid Smoke Great artists steal™

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    It provides incentive and capital to produce new drugs.
     
  19. IDL

    IDL Gold Belt

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    Duty isn't morality though. I read the article, it is pretty convoluted and disjointed as to what he actually meant specifically about morality, but it seemed he was saying that it was about the business surviving and sustaining jobs? It's hard to tell. Either way, you can often equate a business surviving to making money for shareholders (and themselves). Certainly not easy to separate the two things, and also it is easy to hide behind a desire to do good for others while lining your own pockets.
     
  20. Liquid Smoke

    Liquid Smoke Great artists steal™

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    I agree. Big Pharm should be financing more basic science that benefits their bottom line.
     
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