Thursday, February 25, 2016

Martin Shkreli: Snake or Signals Master? Or both?

As someone who most of the time tries to see the good in all people, I have searched long and hard to find that in Martin Shkreli. However, I have tried and failed. Shkreli, a wealthy executive of Turing Pharmaceuticals, has been called "one of the most hated men in America" by many due to his despicable price hikes. In August of 2015, Shkreli purchased the exclusive rights to Darapim, a life-saving drug for AIDS patients. Shkreli seized the opportunity of his newly purchased monopoly and has since changed the prices from $13.50 per pill to $750 per pill. This is a 5000% hike. I know we've been talking about the risk of good intentions lately, but Shkreli truly overdid it and seemingly feels no shame about it. See below:


He ended up pleading the fifth and refused to answer the Congressmen's very justified questions. While he knows he has no legal obligation to drop the price he "price gouges" consumers just as many companies did/do to storm victims (thank you Zoë pointing that out, it's terrible). 




Taking your money "Feels good, man!"

While technically Shkreli may have took charge of his purchasing power and he saw it as a good move, this made his new company already seem like just a big, bad business and was certainly portrayed as such (and in my opinion, justifiably so). This whole situation just goes to show that even if the incentive for not raising the price is simply to let people live or seem like a good person or feel like a better person for maintaining these prices, it still doesn't matter to some people in the economic cycle. No matter how hard we try, some people will try to squeeze every last nickel possible out of this economy whether it's morally sound  to do so or not.





High key I still hate Shkreli doeeeeeeeeeeeee

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