Martin Shkreli is the Hero America Deserves
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This is the normal physical reaction when one hears the words "Martin Shkreli"
The internet's latest ragefest is all about "pharma-bro" Martin Shkreli. According to the masses Mr. Shkreli is an abomination of a human being with no empathy and a total disregard for a civilized society. He is a spoiled punk brat who uses his influence to make money off of the backs of the less fortunate. He has no remorse. He has no compassion. He is a monster. Martin Shkreli is so bad, that our incompetent elected officials in Washington D.C. are being seen as the sympathetic party when it comes to Mr Shkreli's testimony to the House Oversight and Government Reform Committee. When one person can make the idiots in Congress looks good, that person deserves to be demonized.
I am not here to demonize Martin Shkreli, I am here to praise him. I in no way support the idea of jacking up the price of a life saving drug in order to make another billion. That is monsterous. The question I have is what law did he break (there is the securities fraud issue, but he has not been convicted of anything)? The press likes to focus on the obscene mark-up on the life saving drug Daraprim. By raising the price 5556% ($13.50 a dose to $750.00 a dose) Mr. Shkreli put lives in danger. Daraprim is used to treat infections in HIV positive patients, and is used globally to treat and prevent malaria. The World Health Organization lists the drug as an essential medicine. This mark-up on a life saving drug, coupled with Martin Shkreli's arrogance, has made the former Turing Pharmaceuticals CEO a popular target for people fed up with corporate greed. The problem is that by raising the price on Daraprim, Mr. Shkreli did not break the law. He embraced a culture that is encouraged by our government and society as a whole. Plus, Martin Shkreli is not the first person to do this.
The practice of pharma companies buying generic drugs and radically raising their prices is not new. Do you know anyone with asthma? There is a very good chance that the asthmatic person uses an inhaler with the drug Albuterol sulfate. This is a life saving medicine for a very treatable illness. In 2013 Albuterol sulfate was $11 a dose. Six months later the price had gone up to $434 a dose, an increase of 4014%. Where was the public outrage towards the pharma companies? The drug was another off patent drug, but the delivery system (inhaler) needed to be redesigned because of new government regulations. The Pharma companies knew the inhalers would be protected by patents, so they jacked up the price of Albuterol to make some extra money (Mother Jones has a nice article describing the situation). I never remember seeing congress scolding at the CEO responsible for this greed?
There are many more drugs, ones not owned by Turing Pharmaceuticals, that have had their prices skyrocket. In 2014 Representative Elijah Cummings (D-Maryland) and Senator Bernie Sanders (D-Vermont) launched a Congressional investigation into the skyrocketing cost of generic drugs. They put together a list of drugs that have recently seen a drastic increase in cost (see the list) and tried to get answers from the pharma companies. There were no answers, there was no public outcry, there was no congressional investigation, there was no prosecution, and there was no change in the laws to make this practice illegal.. These pharma companies were just doing what the United States government allows them to do.
Now the government wants to get serious because Martin Shkreli is an unlikable fellow. The Republicans (you know the free market guys) and Democrats decide to use Mr. Shkreli as their scapegoat for their own incompetence. They have no case. Representative Cummings stupidly decided to attack Mr. Shkreli because of the purchase by the former Turing Pharmaceuticals CEO of the one of a kind Wu-Tang Clan album. If I had a few billion dollars I would have bought the Wu-Tang Clan album, they are one of the greatest american bands ever. What is the point of attacking the man for having great taste in music. That whole tirade by Representative Cummings proves that the government is showboating. Those Representatives created this America, Martin Shkreli is just getting rich off of their incompetence.
It is also amusing that all the supposed free market Republicans want to attack Mr. Shkreli and Turing Pharmaceuticals for the price gouge. These bozos have been defending corporate greed for decades. Why are we not yelling at the health insurance companies who are making money off of people getting sick? They set arbitrary prices all the time just to make a few extra billion. The same charlatans in Congress who got mad at Mr. Shkreli will turn around and praise government welfare queens like Jamie Diamon and other business leaders who depend on bailouts. The only reason Congress decided to grill Martin Shkreli is because the internet is mad at him. There is nothing that can be done to stop him. Well the government could try to pass some laws to make this practice illegal, but that will never happen. The Republicans and Democrats alike would never upset their big money donors, no matter how many people need to suffer.
Martin Shkreli is an american hero. He is the embodiment of the modern American dream. Born to immigrants who worked as janitors, Martin Shkreli made his way in the world be exploiting our inhumane economic culture. We celebrate these people as geniuses. America deserves Martin Shkreli. He is the hero we deserve. He got rich with shady legal practices, he increases his wealth with inhuman actions, and he smirks his way through life. He is a modern American creation. Plus he is also quite aware that Congress is full of imbeciles. While kids are getting poisoned in Flint, Michigan, through the direct fault of the government, the US Congress wants to scold a successful business man. That is the mark of a house led by imbeciles. Thanks you American hero Martin Shkreli for speaking the truth.
RD Kulik
RD is the Head Editor for SeedSing. Do you want to sing the praises of the downtrodden? Come write for us.