the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Aug 3, 2009
Drug companies are among the most profitable in the U.S. In 2008, they had 17% profit rate compared to 8% for all manufacturing companies. And 2008 was not an exceptional year.
These super-profits, and huge drug company expenditures for advertising, are the main reasons we pay so much for drugs, not research as they claim–the government pays for most of that.
The drug companies made a big deal recently promising they would try to reduce the rate of increase in what we spend on drugs. Notice they said nothing about reducing their profits!