THE MANUFACTURER OF THE EPIPEN HAS INADVERTENTLY BECOME
THE FACE OF PHARMACEUTICAL AND CORPORATE GREED ALMOST OVERNIGHT
AS A RESULT OF BOTH THE MASSIVE
RAISING THE PRICE OF A PRODUCT, AND THEN AS PEOPLE IN THE MEDIA
HAVE BEGUN TO DO MORE DIGGING
INTO THIS CORPORATION, ITS CEO, AND THEIR PAST, IT IS GETTING
DIRTIER AND DIRTIER.
THERE ARE MULTIPLE LAYERS TO THIS.
LET'S
START WITH THE ONE THAT IS GETTING THE MOST PRESS
ATTENTION.
YOU MIGHT THINK INFLATION.
KNOW.
IF YOU THINK
THIS IS SOMETHING THAT MIGHT BE NECESSARY TO SAVE YOUR LIFE, THE
DIFFERENCE BETWEEN $100 AND $600
CAN BE PRETTY MAJOR FOR A LOT OF AMERICAN FAMILIES.
YOU MIGHT SAY
THERE MIGHT BE SOME EXPLANATION, MAYBE THE INGREDIENTS ARE MORE
RARE, BUT IT TURNS OUT NONE OF THAT CHECKS OUT WHEN YOU LOOK AT
THE FACTS.
BUT THERE IS AN EXPLANATION AS TO WHY THEY ARE
CURRENTLY ABLE TO RAISE THE
PRICE.
YOU MIGHT THINK MYLAN RAISED THE PRICE, AND PEOPLE CAN
JUST BUY EPINEPHRINE INJECTORS FROM ANOTHER COMPANY.
BUT THEY
DON'T EVEN HAVE THAT OPTION
ANYMORE.
SO BASICALLY WHAT YOU
HAVE HERE IS THERE IS NO
COMPETITION FOR THE PRODUCT, DESPITE THE FACT THAT THE
CHEMICALS DON'T COST MORE, THE MANUFACTURING DOESN'T COST MORE,
AND THERE IS NO RESEARCH AND DEVELOPMENT.
THEY HAVE SIMPLY
CHOSEN ON THEIR OWN TO RAISE THE PRICE.
AND THEN THERE IS THE ISSUE OF WHO IS THE CEO.
THERE IS A LOT OF ISSUES.
WHO HAPPENS TO BE THE DAUGHTER OF THE SENATOR FROM WEST
VIRGINIA.
HER NAME IS HEATHER BRESCH.
NOT ONLY DO THEY HAVE A DAUGHTER
OF A UNITED STATES SENATOR, THEY WANT TO COVER THEIR BASES SO
THEY ALSO DONATED TO HIS
CAMPAIGN.
LET'S BREAK DOWN ALL THE DIFFERENT ISSUES.
NUMBER
ONE, THERE IS SYSTEMIC CORRUPTION HERE IN THE ISSUE OF,
BY THE WAY SOME SENATORS ARE
LOOKING INTO IT ñ MANSION IS BACKPEDALING.
ONLY MADE $6000 FROM WHAT?
I CAN BUY SIX EPIPEN'S WITH THAT.
HOW IS THAT GOING TO AFFECT US?
YOU WILL SAY THIS IS A
MONOPOLY SITUATION.
WELL, YOU NEED THIS THING TO SAVE YOUR
LIFE SO I WILL CHARGE YOU AS
MUCH AS I HUMANLY CAN, THAT IS WHEN THE GOVERNMENT NEEDS TO
STEP IN AND PROTECT ITS
CITIZENS.
MONOPOLIES SOMETIMES DRIVE A RISE OUT OF FREE
MARKETS, BUT IN ORDER TO PROTECT
FREE MARKETS YOU HAVE TO MAKE SURE THAT PEOPLE DON'T HAVE
MONOPOLIES.
THERE IS A LOT OF COMPLICATED FACTORS HERE
INCLUDING HOW WE HAVE SET UP OUR INSANE DRUG LAWS.
PART OF IT IS
A LOBBYING OF THE INSANE DRUG COMPANIES.
BUT NOW LET'S MOVE TO
WHAT I THINK IS ACTUALLY A BIGGER ISSUE IN THIS CASE.
PEOPLE GETTING UPSET AT MYLAN AS IF THEY ARE RUN BY EVIL PEOPLE,
AND I WANT TO CORRECT THAT.
I GUESS THIS IS A WEIRD DEFENSE OF
MINE, THEY HAVE A FIDUCIARY RESPONSIBILITY TO MAKE EVERY
NICKEL THEY CAN, THEY ARE NOT SUPPOSED TO GIVE A DAMN ABOUT
YOUR LIFE.
IF YOU CAN'T AFFORD IT AND YOU DIE, BUT THEY MADE AN
EXTRA DOLLAR, THAT IS WHAT THEY
HAVE TO DO.
THEY ARE A CORPORATION WHOSE LEGAL
RESPONSIBILITY IS TO MAXIMIZE PROFITS.
THEY DON'T GIVE A DAMN
ABOUT ANYTHING ELSE.
IF YOU DO, YOU WILL BE FIRED AND REPLACED
BY A CEO WHO WILL MAKE THAT EXTRA DOLLAR.
OBVIOUSLY THERE'S
TWO SIDES.
ONE IS, THE CEOS ARE
NOT PARTICULARLY EVIL.
AT THE SAME TIME ñ.
BUT THEY ARE STILL CHOOSING TO GO INTO THAT BUSINESS.
BUT THE SYSTEM IS AMORAL, AND THAT IS MORE DANGEROUS.
THIS IS
A CHOICE WE MADE, BECAUSE CORPORATIONS ARE A LEGAL
FICTION.
WE CREATED THEM.
INTO THE LAW WE HAVE WRITTEN THAT
THEY MUST MAXIMIZE PROFITS NO MATTER WHAT.
WE PUT NO CHECK ON
THAT, THEN WE SAY BY THE WAY YOU CAN ALSO GO AHEAD AND BRIBE OUR
POLITICIANS AND WE WILL CALL
THEM CAMPAIGN CONTRIBUTIONS AND LOBBYING.
WE BUILT THESE ROBOTS
AND PROGRAMMED THEM TO NOT HAVE
MORALITY, THEN WE TURN AROUND AND GET OUTRAGED?
NO SHIT, SHERLOCK.
I THINK YOU ARE BEING TOO NICE.
THEY HAVE THE GOAL, AND
THE GOAL IS TO MAKE MONEY, BUT WE UNDERSTAND THE COST OF MAKING
MONEY.
I WOULD SAY YOU ARE BEING TOO NICE BY CALLING THEM AMORAL,
I THINK THEY ARE CLEARLY IMMORAL.
THEY ARE DEFINITELY AMORAL BECAUSE THEY ARE INDIFFERENT TO
MORALITY.
IT IS A MACHINE.
IF YOU'RE VERY QUEST PUTS THE ACQUISITION OF MONEY AHEAD OF
THE INTERESTS OF PEOPLE, ESPECIALLY WHEN IT COMES TO
MEDICINE, THAT SEEMS IMMORAL.
LAST THING, IT SEEMS IMMORAL TO YOU FROM YOUR PERSPECTIVE,
BUT THE REALITY IS CORPORATIONS ARE NOT HUMANS.
THEY DON'T HAVE
THE SAME MORALITY AS WE DO.
THEY ARE ROBOTS WHICH WE PROGRAMMED
TO DESTROY US.
THEIR INTENTION IS NOT TO DESTROY US, BUT TO
MAXIMIZE PROFITS.
WE ARE SURPRISED WHEN THEY DO THINGS
THAT WE CONSIDER MORAL BUT WE HAVE GIVEN THEM PERMISSION TO
MAXIMIZE PROFITS.
I HAVE BEEN TELLING YOU FOR 14 YEARS I CAN
SEE IT COMING.
IF YOU WANT TO PROTECT FREE MARKETS,
CAPITALISM, DEMOCRACY, YOU HAVE
TO PUT A CHECK ON PUBLIC CORPORATIONS.
THAT DOESN'T MEAN
YOU HAVE TO KILL THEM OR GET RID
OF THEM, BUT WE GET TO DECIDE WHAT RIGHTS THEY HAVE AND DON'T
HAVE, AND WHAT RESPONSIBILITIES THEY HAVE AND DON'T HAVE.
PUT A
BREAK IN THE CAR.
IMAGINE IF WE MADE CARS WITHOUT BRAKES?
IN THE
PAST WE DID NOT REQUIRE SEATBELTS, SO COMPANIES IN ORDER
TO SAVE DOLLARS DO NOT PUT SEATBELTS IN.
AFTER THE
GOVERNMENT REQUIRED IT, THANK
YOU RALPH NADER, WE SAVED MILLIONS OF LIVES.
AND SOME PEOPLE STILL DON'T WANT TO WEAR THEM.
AND THOSE CAR COMPANIES IN THE BEGINNING SAID NO, IT'S
GOING TO COST ME AN EXTRA TWO
DOLLARS.
BUT WE MADE THEM DO IT.
IT TURNS OUT WE SAVED MILLIONS
OF LIVES.
THAT IS WHAT THEY ARE SUPPOSED TO DO, LOOK OUT FOR US.
IT ALSO TURNS OUT THAT WHEN SOMEONE DOESN'T DIE IN A FIERY
RACK, A COUPLE OF YEARS LATER
THEY CAN BUY ANOTHER ONE.
THERE ARE A COUPLE OF OTHER LAYERS OF
HOW DIRTY THIS CORPORATION IS.
I WILL WALK YOU THROUGH SOME OF
THEM.
HEATHER, THE CEO, SHE SPECIFICALLY SAID TO A GROUP OF
WALL STREET ANALYSTS, "HOW MUCH DO YOU VALUE YOUR FIVE-YEAR-OLD
LIFE AFTER ALL?"
MYLAN RECORDED $847 MILLION IN NET INCOME LAST
YEAR ON SALES OF $9.4 BILLION.
THE EPIPEN WAS A SIGNIFICANT
CONTRIBUTOR WITH SALES OF $1
BILLION.
THAT WAS BEFORE THE PRICE INCREASE.
THEY WERE DOING
FINE PROFIT WISE PRIOR TO DOT
BUT THIS COMPANY IS ALSO GREAT AT TAKING ADVANTAGE OF CORPORATE
INVERSION ROLES WHERE THEY BECOME INTERNATIONAL, DESPITE
NOTHING ACTUALLY CHANGING.
OBVIOUSLY THEY DID THAT, NOT
BECAUSE THEY HAD ANY ATTACHMENT TO THIS SUBSIDIARY OR THE
NETHERLANDS, THEY DID FOR TAX
PURPOSES.
COMPARE THIS TO THE TAX RATE
THAT YOU HAVE BEEN
PAYING OVER THE COURSE OF THE YEARS AND YOU MIGHT UNDERSTAND
WHY THEY ARE BENEFITING SO MUCH
FROM THIS INVERSION DEAL.
THE CEO TALKED ABOUT THIS AS SIMPLY
A NECESSARY EVIL.
AGAIN, THE
FIDUCIARY REQUIREMENT THEY HAVE.
OH, WOW.
THAT WAS THE ONLY EXPLANATION WHY SHE DID IT.
IT DIDN'T HAVE
ANYTHING TO DO ABOUT HOW IT MIGHT BENEFIT HER.
BUT YOU SEE THERE WAS NOTHING SHE COULD HAVE DONE.
SHE WAS SO
GENUINE WHEN SHE SAID I PREFER
MAKING $18.9 MILLION.
THERE IS ACTUALLY ANOTHER LAYER.
NOT JUST THE FACT THAT
SHE IS RELATED TO JOE MANSION, THERE ARE TWO MORE LAYERS OF
DIRTINESS.
I WONDER HOW THEY HAVE BENEFITED FROM THAT?
BUT
MORE IMPORTANTLY WHEN IT COMES
TO HEATHER BRESCH.
HER SALARY WENT UP.
THAT IMPLIES SHE IS THE
BEST OF THE BEST.
IT MIGHT HAVE SOMETHING TO DO WITH THE FACT
THAT THE SCHOOL RECEIVED A $20 MILLION DONATION FROM MYLAN
CHAIRMAN.
THAT IS THE COMPANIES MONEY.
WHAT IS THIS GEORGE W.
BUSH?
HELP HISSED OFF SHOULD YOU
BE?
THEN THEY HAVE TO RAISE THE PRICE OF THE STRUT FOR ALL THE
USELESS LOBBYING THEY ARE DOING TO BENEFIT THEIR OWN EMPLOYEES.
WHICH IS QUITE USEFUL TO THEM.
BECAUSE THEY CARE A LOT ABOUT THE CORPORATE PROFITS, BUT
MORE ABOUT THEIR OWN PERSONAL PROFITS.
IS EASY TO MANIPULATE THE SYSTEM TO ADVANTAGE THOSE.
WHETHER YOU LIKE HUMAN NATURE OR NOT IS IRRELEVANT, IT STILL
EXISTS.
ARE PEOPLE GENERALLY GREEDY?
OF COURSE.
IT TURNS OUT
THAT IS NOT REALLY HOW HUMAN NATURE WORKS.
IF YOU TAKE AWAY
RULES, PEOPLE JUST GRAB AS MUCH
AS THEY POSSIBLY CAN, AND THEY CREATE CORPORATIONS TO GRAB
THINGS EVEN MORE EFFICIENTLY.
HERE THE INCREASE CORPORATE
PROFITS, THEY LOWERED THEIR OWN
TAXES.
INVERSION IS UNBELIEVABLE.
IT IS A TOTAL
LOOPHOLE.
WHAT IT DOES IS IT TRANSFERS THE TAXES THAT WE ALL
HAVE TO PAY AWAY FROM THE CORPORATIONS AND THEIR
EXECUTIVES ULTIMATELY, ON TO YOU.
YOU HAVE TO PAY HIGHER
PAYROLL TAXES TO MAKE UP FOR IT.
YOU HAVE TO PAY A HIGHER
PERCENTAGE OF TAXES OVERALL.
THEY ARE ROBBING FROM US TO PAY
THEMSELVES BECAUSE WE LET THEM BUY OUR POLITICIANS.
AND THEN
EVERY ONCE IN A WHILE WE WILL
FIND A SCAPEGOAT LIKE MARTIN SHKRELI.
BUT THE OTHER COMPANIES
DO IT ON AN INDUSTRIAL SCALE THOUGHT HE WAS JUST A CLOWN THAT
TROLLED PEOPLE AND GOT CAUGHT AND DID NOT HAVE ENOUGH CLINICAL
INFLUENCE BEHIND THEM TO BE ABLE
TO PROTECT HIS ANTICS.
WHEN THESE COMPANIES DO IT ON A
BIGGER SCALE, IT IS NOT JUST AS DANGEROUS, IT IS MORE DANGEROUS
AND THEY ARE DOING IT EVERY DAY.
THE ONLY QUESTION THAT REMAINS
IS ARE WE GOING TO LET THEM GET
AWAY WITH IT?
THAT IS NOT GRABBING PITCH FORKS, NO.
THAT
MEANS STOP THEM FROM BRIBING OUR
POLITICIANS.
MAYBE WE CAN WRITE REASONABLE LAWS.
THERE SHOULD
ALSO BE OTHER CONCERNS AND CHECKS TO MAKE SURE THEY DON'T
DESTROY THE CITIZENS THEY ARE SUPPOSED TO BE SERVING.
WOLF-PAC.COM.