Class Warfare Blog

August 6, 2017

The Invisible Lesson of Martin Shkreli

The New Yorker described Mr. Shkreli as “A former hedge-fund entrepreneur and drug-company C.E.O., Shkreli came to prominence while he was running a company called Turing Pharmaceuticals. During his tenure, Turing bought a drug called Daraprim, which is used to treat rare but serious parasitic infections in AIDS patients, and Shkreli raised the price per pill from thirteen dollars and fifty cents to seven hundred and fifty dollars, sparking public condemnation and outrage.”

That guy. He just lost a lawsuit, brought by the government, that accused him of fraud.

What’s missing here is something you should not mistake. In all of the current discussions regarding freedom, religious freedom, political freedom, campaign finance freedom, etc., Mr. Shkreli’s was the freedom they were talking about, not your idea of freedom.

The plutocratic cabal, now in charge of our governments, by and large wants the freedom to pursue their interests (primarily involving getting as rich as they may) without collective opposition. They do not want laws being passed, or movements recognized, or any group activity whatsoever being recognized. They want labor unions gone, they want government limited to very basic basics, they want their right to do business as they see fit unfettered. If indentured servitude were to be promoted now, they would not be opposed.

According to them, Mr. Shkreli’s freedom to change the price of a pill from $13.50 to $750 is his and his alone and everybody else should butt out. For some of this, I tend to agree. I do not think people should be sent to jail for being assholes (too expensive, would need to build too many prisons, etc.) but capitalism is and has been our problem for a very long time. Unregulated, capitalism leads to doom, just like any other economic ideology (communism, socialism, etc.). The people collectively need to confine ideas that have this much scope and reach.

The idiots promoting this “freedom” think that competition is an absolute good, yet they do not really believe this, otherwise their children would be thrown into the public schools to compete and excel and survive and not sent to “country day” schools and then Harvard and then given a lofty position in their family’s company.

The plutocrats are definitely in a “this is good for us but not you” cadre and they need to be restrained from harming the rest of us. Instead they have gotten the upper hand in restraining us from causing them any harm. Look to see Mr. Shkreli’s verdict overturned in a higher court. (The plutocrats own the Supreme Court and a few of the federal circuit courts at this point.)

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10 Comments »

  1. Saw a good joke yesterday. Went something like:

    Guard: Those prison sandals are $700
    Shkreli: I thought they were $13.50?
    Guard: They went up.

    Like

    Comment by john zande — August 6, 2017 @ 1:04 pm | Reply

    • OLO! But do not be shocked if he never sees the inside of a prison. This is an issue involving FREEDOM in America. (Claudia and I used to have a saying that “We’re Americans, we have a god-given right to rape the environment!” until it wasn’t funny anymore. we couldn’t even use it ironically.) According to these people, capitalists have a god-given right to fuck you over in any way you see fit. Note that the regulation that stock brokers had a fiduciary responsibility to serve their clients interests (no, duh) got repealed. Too onerous a burden on those poor stockbrokers, and heck it was an infringement of their freedoms!

      On Sun, Aug 6, 2017 at 1:04 PM, Class Warfare Blog wrote:

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      Like

      Comment by Steve Ruis — August 6, 2017 @ 7:33 pm | Reply

      • You have heard of consumer protection agencies up there, haven’t you 😉

        Like

        Comment by john zande — August 6, 2017 @ 7:34 pm | Reply

        • Yep, ours is being defunded and disemboweled by the Trump Administration, having only gotten off of the ground in Mr. Obama’s second term (authored by now Senator Elizabeth Warren).

          And, such agencies can only enforce the law, which was just gutted, and only to the extent they have regulators, the budget for which is being cut, I cringe for my country, even though I have been a sharp critic of many of our actions as a country, we are now committing harakiri/seppuku whilst screaming watch out for the Russians! Watch out for ISIS! Watch out for the Mexicans! Amazing.

          On Sun, Aug 6, 2017 at 7:34 PM, Class Warfare Blog wrote:

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          Liked by 1 person

          Comment by Steve Ruis — August 6, 2017 @ 7:40 pm | Reply

          • This Admin is nasty beyond words. There might be dazzling 9eye-popping) chaos in the big tent, but behind the scenes those fuckers are quietly dismantling everything. Did you see Devos wanted to bring all student loans under one (to-big-to-fail) company?

            Like

            Comment by john zande — August 6, 2017 @ 8:19 pm | Reply

            • She is a piece of work and was hired, apparently, to attack public education, which because of the smokescreen of disinformation isn’t recognized for doing better than it ever has.

              On Sun, Aug 6, 2017 at 8:19 PM, Class Warfare Blog wrote:

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              Liked by 1 person

              Comment by Steve Ruis — August 7, 2017 @ 7:02 am | Reply

              • I thought she was hired because she was a big Republican donor? I mean, lots of people would like to dismantle the public education, but in this swampdrainer administration, actually donating a few millions looks really good on a resume.

                Like

                Comment by List of X — August 7, 2017 @ 3:14 pm | Reply

                • Hey, it doesn’t hurt! So, why not make her ambassador to New Guinea, something she knows more about?

                  On Mon, Aug 7, 2017 at 3:14 PM, Class Warfare Blog wrote:

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                  Like

                  Comment by Steve Ruis — August 8, 2017 @ 12:30 pm | Reply


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