Link to this page: https://www.socialistparty.org.uk/issue/877/21677
From The Socialist newspaper, 4 November 2015
Them & Us
Drug companies have hiked the cost of some NHS medicines by as much as 8,000%.
The Tories and Blairites often say the cure for the health service underfunding is 'the market'. If only there was more competition, everything would be cheaper.
But drugs whose patents have expired - opening them to production by multiple firms - can actually increase in price.
'Merbentyl syrup', a treatment for stomach cramps, is one such medicine. Under patent, it sold for £1.77 a bottle. After three firms were allowed to produce generic versions, the same amount cost £143.84!
One firm behind the 8,027% hike, French pharmaceutical giant Sanofi, made £3 billion in profits last year. The NHS faces a possible funding gap of around £2 billion this year alone.
Sanofi's chief executive scrapes by on a mere £3 million per annum.
We're pretty sure we could find a better use for all that cash. The Socialist says: nationalise the pharmaceutical industry to help save our NHS.
Funding gap NHS could face this year according to 2014 estimates
Profits made last year by racketeering French drug company Sanofi
The bosses are the dossers
Less than half of unemployed people actually get unemployment benefit today. Only 45% of jobless workers receive the payment - down from 93% 20 years ago.
Some of this difference is made up by different benefits for people unable to look for employment. But it is also one of many factors holding down wages for those lucky enough to be working.
Unemployment fuels desperate competition for jobs, which lets bosses pay lower wages. Trade union struggle for higher pay, and public investment in employment and benefits, can help turn this round.
But nothing frightens poverty-pay bosses so much as public ownership under democratic workers' control.
The TUC estimates Britain's workers do the longest hours in Europe. One in five works an extra day a week in overtime (more in main story on page 2). Meanwhile, social media analyst Talkwalker says Britain's bosses top Europe's charts in another area - time spent idling on Twitter.
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The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.
The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.
The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.
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In The Socialist 4 November 2015:
Socialist Party news and analysis
£10 an hour now!
Unions must capitalise on mass anger at austerity and anti-union laws
The 'tampon tax' is a tax on being a woman
Long hours ruining health without lifting productivity
Transgender woman locked up in male prison
Tory bid to turn co-op tenants against one another
Them & Us
What we saw
International socialist news and analysis
US: #blacklivesmatter movement challenges racism
Turkey: Erdogan's victory based on fear and intimidation
International news in brief
Socialist Party features
The Socialist: A fighting antidote to the mainstream media's lies
The socialist case for nationalisation of the steel industry
Struggle for solidarity with refugees must be anti-austerity
Where did the unions' money go?
Workplace news and analysis
Strike together to Kill the Bill
Determined DLR strikers to "fight all the way"
Unison general secretary election - vote Roger Bannister
London Underground rep targeted for trade union activity
Fire service cuts put people at risk
Solidarity action for victimised Unison rep
Workplace news in brief
Socialist Party comments and reviews
Wrong: Owen Jones tells Labour "abandon anti-austerity"
Cycle cheat Armstrong's hypocrisy and bullying
Socialist Party reports and campaigns
The Socialist campaign: buy it, sell it - read it, write it
Socialist Party joins campaign against NHS bullying
Super Southampton fighting fund campaign
The Socialist 4 November 2015 |
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