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Weekly transmissions from [ Adbusters ]( [link removed] ), the journal of the mental environment
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As much of the world seeks desperately to avoid the fate of the millions who have died due to the coronavirus, one industry ([ among others ]( [link removed] )) stands to profit: Big Pharma.
As chief advisor of "[ Operation Warp Speed ]( [link removed] )," his administration's $10-billion plan to develop a vaccine, Trump chose former venture capitalist Dr. Moncef Slaoui. Slaoui happens to have been an executive at GlaxoSmithKline, the world's [ seventh-largest pharmaceutical company ]( [link removed] ). After leaving GSK in 2017, he joined the board of Moderna Inc., an [ early favorite to develop a vaccine ]( [link removed] ). And though Slaoui had resigned the position to head Operation Warp Speed, he still held [ $10 million–worth of Moderna stock options ]( [link removed] ) when he took up the job.
Lo and behold, which company received [ $483 million in Warp Speed funding ]( [link removed] )? That's right: Moderna. (Moderna's share price soared after the announcement.) Slaoui later [ sold off ]( [link removed] ) his Moderna stock. But only after the likes of Elizabeth Warren called him out for his "huge conflict of interest" — and presumably, after he turned a very pretty profit.
This is merely a microcosm of the profiteering long prosecuted by the price-gouging princes of Big Pharma. They abide by the only rule they know: profit, above all else. That's part of why [ nearly 140 million Americans reported financial hardship ]( [link removed] ) due to overwhelming medical expenses last year — and during the previous year, why Americans spent [ $535 billion on prescription drugs ]( [link removed] ), or [ twice what Britons spent per capita. ]( [link removed] )
Big Pharma makes the medicine that you need. But it is not on your side. (Remember the [ opioid epidemic ]( [link removed] )?) At your expense, [ it is going to make a killing ]( [link removed] ) by exploiting this crisis.
For the wealth and weal of all, it's time to rein in Big Pharma's unchecked greed. It's time for the U.S. to join just, humane societies in instating universal health and pharmacare.
As the fallout from the coronavirus pandemic has made clear, much must be done to curb Big Pharma's rampant avarice. Let us know what you think should be done to prevent a healthcare monopoly. Send us a direct message, email us at
[email protected], or call us. (Our number is at the very bottom of this email). And stay tuned for more activist-oriented briefings.
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The Monsters We All Helped Create
While digital tools are indeed democratising, they have also cultivated darker aspects of human nature. Yet both collectively and individually, we feel ill at ease. We prioritise ourselves over others, and we omit things which don't sit comfortably with our worldview and our needs. Somehow we feel more empowered, but also more vulnerable, confused, scared. We celebrate facile extroversion and performance, over serious concern and rumination.
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Thus Spake Greta Thunberg
The transcendent neoliberal capitalist order may be invulnerable to blows struck by the weapons of slaves. But it will disintegrate in the presence of a stronger master.
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Zacharias would grow / into an effective anarchist ...
... left home at 18 and got a job / in a coffehouse, burned cars / walked the streets with a moon / met men and women on the make / trying to escape, comfortable / in the dark under the sky ...
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Join us on our hunt for big ideas, bold alternatives, and radical solutions.
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