Let's suppose for a moment that you suddenly find yourself the proud owner of a swanky new pharmaceutical company and you've just obtained the rights to a life-saving drug. Initially, one could obtain this drug for a reasonably low price. Now that you're in control of it, however, you decide to jack up the price. A lot. A price increase of 5500% to be precise.
Could you morally justify your reasons for doing this?
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The guy is a douche, no question there. BUT, no one seems to be concerned that what he did is not at all new in the pharmaceutical realm. Not to mention more than likely those who were grilling him at the hearing were or are still receiving political contributions from pharmaceutical giants. The same companies that would rather keep you ill for the profits rather than actually seek actual 'cure', not matter how much the claim to do otherwise. Fwiw it appears they were just using him as a scapegoat to flog because it was easy and made them all look like they were doing something for the people. I don't believe it made any difference what so ever and was all just political deflection.
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That would imply there would be a reason to morally justify it.
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Capitalism rewards those without morals.
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I don't know who that is but his face...I want to punch it...am I the only one?
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No. I don't see why people just take the route that Jonas Salk did when he discovered the first polio vaccine.
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Edited by DarthBrando: 2/7/2016 12:42:11 PMYou do know that [b][i][u]WATER[/u][/i][/b] which every human needs to live; Isnt currently free right?
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He's a sociopath, not surprising considering he's a Republican.
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Shkreli for president 2020
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No but you can economically justify it
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Edited by Onion Beetle Fan: 2/7/2016 11:24:41 AMTo what extent does morals come into play?Regardless, he's a total douchebag to many of you, of course, but he's just playing the game by the rules that the [u]bureaucracy[/u] laid out.Don't hate the player; hate the game.
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Morals have nothing to do with profit.
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This is why I hate people. Most of you just go "OMG Big number BAD BAD BAD" You let the media decide everything for you >Not many people use it >Insurance pays for it >Oh you dont have insurance? FREE >Shkreli is required by law to maxmimze profits for sharholders. It is considered malfeance to not do his best
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Shkreli is the scum of the earth.
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Of course you can't [u][i]morally[/i][/u] justify it. But they don't care, profits.
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Look at that smug bastard, what an asshole
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ITT Shreklli defenders unclear on the meaning of "morally".
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Edited by GHOST 9o5: 2/8/2016 6:36:18 AMEh.. No.
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How is morality connected to capitalism?
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Morally no, legally probably. It's a pretty dick move
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Edited by Tomnipotent: 2/7/2016 4:33:11 PMYou're all ignorant. Him jacking up the price doesnt affect anyone personally because people never paid the initial price in the first place. You have health insurance, your health insurance pays that shit. THEY are the ones who suffer not you. Because insurance is mad, they sell the story to the media to make him a villain so you all can be fake mad when in reality he is against insurance & pharmaceutical companies, he did this to give them all the middle finger. If you have no life insurance and cant afford the drug you get it FOR FREE. Besides.. there are literally HUNDREDS of aids drugs, dont like the fact that he jacked up the price of one of them? BUY ANOTHER BRAND. But the general public doesnt know this shit so you get mad for no reason. The media played you all.
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Quick note: he gives the drug away to people for free if they can't afford it. Listen to what he says, you'll feel a little bit more educated.
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That depends. What does it save
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Its just a prank bro, LOOK AT THE CAMERA!
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I've heard of that guy. My dad is a pharmacist, says he's a scumbag.
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Edited by FishBlues: 2/7/2016 6:54:52 PMThat guy's a real fgt m8