Martin Shkreli vs 18 Year Old Know-It-All

[Shami-Amourae]

http://img.4plebs.org/boards/pol/image/1456/38/1456386710548.jpg

How can one man be so based?

>Average redditor/Bernie supporter takes babby's first econ course
>Says stupid shit like "um if you lower the price you'll increase demand"



https://www.youtube.com/watch?v=R26TNWqEHks

http://archive.4plebs.org/pol/thread/65247014/#65247014

[Shami-Amourae]

https://www.youtube.com/watch?v=2PCb9mnrU1g



camman1056 (https://www.youtube.com/user/camman1056)2 weeks ago (https://www.youtube.com/watch?v=2PCb9mnrU1g&lc=z12ndv1rkwertvslr23szvdgmvm2yjfgi04)
As much of a prick that he seems to be, he's actually highlighting a major flaw in the pharmaceutical industry, the fact that he could just go and raise the price that much shows more than just his morality. If he actually stands to his word and distributes the pill for cheap or free via his company while selling it to the 'fat cats' for $750 a pill it's just going to show the greed of larger companies who've given him a bad name. Although he'd need to set something better up than "tweet me" if he actually distributed the pill to hospitals directly for cheap it'd do a lot more good. Due to his now poster boy position as the bad guy he's in prime spot to actually send a message or get people to do their own research into the industry before just following the media coverage from the big companies point of view.

[Neuro]

This drug has been out of patent for around 50 years. The reason no generic drug manufacturer wants to make it is because DEA fees for applying for a generic drug licence is sky high and the market for this drug is tiny. Shkreli used a market flaw, when he bought this drug, and that flaw essentially boils down to the government. There have been shock raises of other drugs to by major pharmaceutical companies, neither created this amount of attention. I remember one case probably around 2012, where pregnant mothers with some genetic incompatibility problem with the baby, I believe it was, had to take a drug to avoid miscarriage and the drug price was raised similarly. Government granting monopoly or very expensive manufacturing licences is the big problem. Shkreli and others are just using the system to their advantage. He got busted because he is not with the Cartel. Now he is trying to get around it by promising to give it to people without insurance for free, promising to give 60% of revenue to R&D etc...