Wednesday, February 24th, 2016
Stephan: It seems to me that there are several notable thing about the media coverage of the election process. First, how overwhelmingly it centers on Trump whom I have believed for months will be the Republican nominee. He is the inevitable creature created by toxically unbalanced wealth inequity.
Second, the media is capable, or believes the public is capable, of processing only one or at most two narrative lines. I did not hear one word, or see one image, on the Sunday shows about the Kalamazoo massacre. Mass murder has become ordinary in America. International News? Are you serious?
Third, The overwhelming percentage of ads that are for pharmaceuticals. Billions of dollars are being spent to get you, me, and everyone else to buy and take pharmaceuticals. It is easy to see why we spend more for drugs, and more to buy any particular drug than any other developed nation in the world. (See the chart in the story) The bulk of the people inflict a wound upon themselves, in the form of outrageous overpricing, in order to make a small group very rich.
Jim Hightower outlines the process, and I agree with him.
2013 data from the International Federation of Health Plans
Big news, people! Especially for those of you upset by the skyrocketing prices of the essential prescription medicines you take — including thousands of patients who were hit last year with a 5,000 percent price increase for one lifesaving drug!
Determined to do something about those despised price hikes, drugmakers themselves have reached into their corporate toolbox for the two most effective means they have to fix their price problem. Of course, putting more corporate cash into research to produce new medicines would be one of those tools, and a renewed commitment to honest competition would be the other, right?
Right! But Big Pharma gave up years ago on doing right, turning to two other corporate tools that have reliably generated a gusher of profits for them: advertising and lobbying. So here they come, wielding bigger-than-ever ad-and-lobbying budgets to deal with that pesky matter of public anger at price gouging.
If you wonder why Congress keeps ignoring what the people want it to […]