Connecticut AG files suit against numerous generic drug manufacturers for price fixing

The pharmaceutical companies sued in this case are not merely greedy. Many people who desperately need these drugs can no longer afford them, and they are going without, resulting in pain, sickness and even death. We need to stop mincing words. These defendant pharmaceutical companies are functionally assaulting and murdering innocent people through their predatory policies and their lies that there are "markets" when they have illegally destroyed any semblance of markets. Thank goodness that the Connecticut AG has brought this suit (now joined by 43 states). Shame on the U.S. Antitrust Department for not vigorously filing this suit a long time ago. Here is a key quote from the lawsuit:

For many years, the generic pharmaceutical industry has operated pursuant to an understanding among generic manufacturers not to compete with each other and to instead settle for what these competitors refer to as "fair share." This understanding has permeated every segment of the industry, and the purpose of the agreement was to avoid competition among generic manufacturers that would normally result in significant price erosion and great savings to the ultimate consumer. Rather than enter a particular generic drug market by competing on price in order to gain market share, competitors in the generic drug industry would systematically and routinely communicate with one another directly, divvy up customers to create an artificial equilibrium in the market, and then maintain anticompetitively high prices. This "fair share" understanding was not the result of independent decision making by individual companies to avoid competing with one another. Rather, it was a direct result of specific discussion, negotiation and collusion among industry participants over the course of many years.

Try and give me a better example of Hannah Arendt's banality of evil. In short, thousands of ordinary-seeming people, many of them like you and me, work for these corporate entities that have been illegally inflicting pain and death upon innocent people.

Continue ReadingConnecticut AG files suit against numerous generic drug manufacturers for price fixing

Drivers of expensive cars tend to drive their privilege

My gut feeling borne out . . . Drivers of expensive cars are more likely to drive like jerks. These studies explore driver behavior in four-way intersections.

A research team including Berkeley psychologists Paul Piff and Dacher Keltner have been examining the way social status and wealth affects morality. Their findings — which are getting a lot of media attention — broadly show that wealthier, higher-status individuals are, essentially, more likely to cheat.
I've explored this topic previously here. John Nichols and William McChesney gathered enough evidence on this topic of wealth privilege to fill an entire book: Dollarocracy: How the Money and Media Election Complex is Destroying America. Also, check out the new podcast of Michael Lewis, Against the Rules. I've only heard the intro podcast so far ("Ref, You Suck"), but this is podcasting at its best.

The study at the top, involving an simple traffic intersection with simple well-known rules, seemed like an especially good illustration that a disproportionate number of wealthy people feel and act out their privilege, even out in the open.

Continue ReadingDrivers of expensive cars tend to drive their privilege

A 2,500 Year Old Warning About Our President

Aesop had a tale that is quite apropos right now: The Frogs Desiring a King (a.k.a "King Log and King Stork") is about a group clamoring for a strong handed leader, someone to declare moral rules and enforce them on the people. The Republicans (the party currently wanting to have government enforce ones personal morality, especially in the bedroom) chose Trump (as amoral an individual who ever took the proverbial throne) and somehow got him into power. Splash. The Democrats, aghast at the dangerous ignorance and exemplary incompetence of this purported moral leader, strive to have him impeached; to oust this King Log. So who would be our King Stork? Pence, a man who is neither uneducated nor incompetent. One who is actually a willing enforcer of a particular moral code, a one size fits all set of rules that most Americans don't actually live by, but some few vocal ones want to enforce it on everyone. This, despite the constitutional prohibition about the government enforcing the moral codes of a particular religion, is why he had the second seat next to the regularly bankrupt (both morally and financially) head of state. So, from frying pan into fire?

Continue ReadingA 2,500 Year Old Warning About Our President

Why is the AR-15 the weapon of choice for those who want to kill many students?

Why is the AR-15 the weapon of choice for the deadliest murderers? USA Today has some answers:

“They’re accurate and they can basically shoot as quickly as you can pull the trigger,” according to a campaign statement. "Along those lines, they’re very customizable — most average people can figure out how to install accessories like forward trigger grips that let you hold the gun at waist height and spray bullets while stabilizing the gun, laser sights, and you can add high-capacity magazines.”
Image via GunsHolstersAndGear.com

Continue ReadingWhy is the AR-15 the weapon of choice for those who want to kill many students?

Gun regulations endorsed by the Founders

From a website called "The Conversation":

I have been researching and writing about the history of gun regulation and the Second Amendment for the past two decades. When I began this research, most people assumed that regulation was a relatively recent phenomenon, something associated with the rise of big government in the modern era. Actually, while the founding generation certainly esteemed the idea of an armed population, they were also ardent supporters of gun regulations.Consider these five categories of gun laws that the Founders endorsed.
#1: Registration (required) #2: Public carry (generally prohibited) #3: Stand-your-ground laws (not allowed unless retreat not possible) #4: Safe storage laws (sometimes required) #5: Loyalty oaths ("The right to bear arms was conditional on swearing a loyalty oath to the government. Individuals who refused to swear such an oath were disarmed.")

Continue ReadingGun regulations endorsed by the Founders