Recent searches
Search options
So AstraZenica are not going ahead with the expansion of one of its plants because the offer of state aid from Rachel Reeves was less than Jeremy Hunt offered last year.
If you wondered how BigPharma became one of the most profitable sectors in the global economy it is in least part through a very effective game of corporate welfare acquisition via implied threats to health services.
Still I'm sure they'll mobilise patient groups to blame Reeves!
@ChrisMayLA6
No comments allowed on this Guardian article. AstraZeneca part of the ugly face of big pharma.
@ChrisMayLA6 This is the truth. Add to that _absurd_ IP laws which gives them little monopolies for waaay too long, and you have another component.
Then of course we have the corona debacle. They do feel a bit like banks, living happily off the public teat.
On the other hand, nothing new under the sun. Google or Facebook built a datacenter in sweden, and received massive subsidies on their electric bill. It created 50 jobs or so, while local competitors had to compete paying the full elec
@ChrisMayLA6 tricity cost.
Excellent example how do stifle your own tech sector, and hand the victory to global oligopolists.
Add to that, the state awarding multi billion dollar contracts to the global IT companies, and you have yet another explanation for their wealth, far in excess of what they would have earned on a free market, without a government to disrupt it.
I'm not sure if you saw in the timeline a while back an interesting exchange on there of pharma in drug discovery/invention & the costs of commercialisation.... it was a push back on a remark I made about most 'real' discovery taking place in the public sector - raised some interesting issues around what pharma actually spends its (non-marketing) investment on
@ChrisMayLA6 No, I don't think I saw it. Do you remember the date? Mastodon does not have a very good search function. =(
I think but was around Christmas/New Year, but I may be wrong....
@ChrisMayLA6 I'll have a look to see if I can find it.
@ChrisMayLA6 That is exactly the case. Although, as you know, Brexit and the loss of the EMA have permanently tilted the playing field. (not that Reeves would say that either)
@ChrisMayLA6 but if organised workers strike for more pay that's worse somehow.
Indeed; the organisation of labour is anti-competitive, while the organisation of capital is pro-growth.... tsk tsk, pay attention /s
@ChrisMayLA6 benefit scroungers