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Jacobin Radio
Long Reads: Big Pharma's Toxic Record w/ Nick Dearden
Mar 8, 2024
From HIV/AIDS to COVID-19, Nick Dearden discusses how Big Pharma prioritizes profit over public health. The podcast reveals their exploitative practices, monopolies, and unethical behavior. It also touches on the controversy surrounding the unreleased Wu-Tang Clan album and the need to reshape global economic structures for public health equity.
53:19
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Quick takeaways
- Pharmaceutical companies prioritize profits over public health, exploiting monopolies and neglecting critical global health needs.
- Scandals like the opioid epidemic and price hikes on essential drugs showcase Big Pharma's profit-focused strategies over patient well-being.
Deep dives
The Rise of Big Pharma and Market Hegemony
Big Pharma, including companies like Pfizer and AstraZeneca, consolidated power post-World War II, controlling the entire chain of medicine. They used monopolies through patents and intellectual property rights to ensure market dominance, focusing on profits over public health. The industry's shift towards financial goals rather than research and development changed their approach to drug production, leading to exorbitant pricing and neglect of critical global health needs.
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Discover
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