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Author Topic: Obama the capitalist  (Read 945 times)

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Offline mecch

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  • red pill? or blue pill?
Obama the capitalist
« on: December 08, 2013, 08:11:33 PM »
Despite all the griping from the haters that Obama is some sort of socialist, he was and remains extremely corporate friendly.

The big banks, bailed out, going gangbusters, and how many financial criminals were tried and imprisoned?  hmmm...  What about the Gulf Oil Spill. 

Just read this in Huff Post.  Was thinking about these issues on drug prices and intellectual property again when reviewing what went down in South Africa, and why, for the fight to control the HIV/AIDS epidemic in the 90s and noughts.

Obama Faces Backlash Over New Corporate Powers In Secret Trade Deal

New standards concerning access to key medicines appear to be equally problematic for many nations. The Obama administration is insisting on mandating new intellectual property rules in the treaty that would grant pharmaceutical companies long-term monopolies on new medications. As a result, companies can charge high prices without regard to competition from generic providers. The result, public health experts have warned, would be higher prices around the world, and lack of access to life-saving drugs in poor countries. Nearly every intellectual property issue in the November chart is opposed by a broad majority of the 12 nations. The December memo describes 119 "outstanding issues" that remain unresolved between the nations on intellectual property matters.

Also according to the December memo, the U.S. has reintroduced a proposal that would hamper government health services from negotiating lower drug prices with pharmaceutical companies. The proposal appears to have been universally rejected earlier in the talks, according to the memo.

Australia and New Zealand have medical boards -- similar to one established under Obamacare -- that allow the government to reject expensive new drugs for the public health system, or negotiate lower prices with drug companies that own patents on them. If a new drug does not offer sufficient benefits over existing generic drugs, the boards can reject spending taxpayer money on the new medicines. They can also refuse to pay high prices for new drugs. The Obama administration has been pushing to ban these activities by national boards, which would lock in big profits for U.S. drug companies. Obamacare, notably, sought to mimic the behavior of these boards to lower domestic health care costs.
“From each, according to his ability; to each, according to his need” 1875 K Marx

Offline tednlou2

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Re: Obama the capitalist
« Reply #1 on: December 08, 2013, 11:18:30 PM »
Why does everyone (think Bill Clinton, too) say he is so unfriendly to business and this has hurt him?  Is it because they were all super-duper friendly and he seems a big meanie by comparison? 

Offline mecch

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  • red pill? or blue pill?
Re: Obama the capitalist
« Reply #2 on: December 09, 2013, 07:48:38 AM »
I think sometimes its just to make politics easier. People like binaries and pre-conceived ideas. Thus

Democrat? wants big government, and will be guilty of irresponsible spending, bad budget control.  Dovish, with a bleeding heart for the downtrodden. Love their entitlements, so, you know. "Socialists".  Handouts to free-loaders. 
Even after all the 8 years of big government and big spending and budget irresponsibility by Bush Jr., people will attack a Democrat for this. 
Its bewildering.

Anyway I was concerned about this rather unclear or incomplete information about protecting American Big Pharma abroad (and at home?). 

I get the rationale, companies have the right to their intellectual property.  And certainly the home market should respect that.

I suppose the thinking is the companies themselves can set their tiered pricing on their own.  Increasingly they did that but, I'm no up on the tiered pricing information for the latest latest HAART, if and when such discounts exist.

Also I suppose the thinking is the huge foundations are going to always step in to help with the purchase.

Also I guess it is pro-business if American assistance for drugs for developing countries is spent on American Big Pharma, at a high price.  Keeps the money circulating within the American economy, at least....

“From each, according to his ability; to each, according to his need” 1875 K Marx


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