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From The Socialist newspaper, 8 June 2016

Nationalise the rip-off drug companies

Nothing quite exposes the rotten and intensely selfish and individualist nature of the capitalist system like the amount of wealth generated by the pharmaceutical industry. It was reported in the Times that a small group of "entrepreneurs" have exploited a loophole on non-branded drugs to inflate the price of them by up to 12,500% - an increase of 263 million a year. This is enough to employ an extra 7,000 junior doctors.

This is a not a new phenomenon - as reported in the Socialist last year, 'pharma-bro' Martin Shkreli bought the patent for a common AIDS drug, Daraprim, and increased its price more than 1,000%.

These are extreme examples, but they are indicative of the global trend of increasing prices in recent years and of the massive disparity between the cost to produce pharmaceuticals and the price at which they are sold to healthcare providers.

The Socialist Party sees that the only solution to this potentially life threatening exploitation is to fully nationalise the profiteering pharmaceutical industry and kick big business out of the NHS.

Gareth Bromhall, former healthcare assistant and Swansea Socialist Party

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In The Socialist 8 June 2016:


EU referendum

No to Tory and EU austerity

Youth must fight for their future

Northern Ireland: Biggest trade union supports EU exit

Letter to the Socialist: EU referendum

The socialist case against the EU: TUSC tour continues


Socialist history

China's 'Cultural Revolution' 1966-67


Socialist Party review

Music review: No to TTIP


Socialist Party news and analysis

Athens bus workers clean up

Exploitation Britain: Unionise and fight for a living wage

Muhammad Ali 1942-2016

Housing: Let's reclaim our right to dream again!

Nationalise the rip-off drug companies

Them & Us


Socialist Party reports and campaigns

Link the strikes - come to the NSSN conference

Momentum Youth and Students: Witch hunts won't take movement forward

Tamil Solidarity Day

Student nurses march to oppose bursary cut

Pensioners fight ageist Tory cuts

Dangerous, dirty and damp: the unseen world of temporary accommodation


Socialist Party workplace news

RF Brookes walk out over pay cut

Pennine Foods strike: "Business NOT open as usual - Again!"

Junior doctors' dispute: New offer falls short

PCS campaign against Land Registry privatisation

Workplace news in brief


 

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